Assessing The Cloud And Its Benefits
InformationWeek, April 10th, 2023
The average organization has at least four cloud services. How many of those cloud services are delivering value? Or wasting money?
Cloud spending is projected to eclipse $1 trillion over the next four years, while other research shows cloud resource waste is running between 15% and 55% per company, averaging out to 35% waste.
This is good news for cloud services providers and their business clients, but it's not without concerns. For instance, a CloudZero survey revealed that 60% of companies felt their cloud costs were too high, but only three in 10 could account for where their cloud spend was going.