CIOs Sharpen Cloud Cost Strategies - Just As Gen AI Spikes Loom
CIO, Thursday, November 2,2023
Experience, best practices, and better tools are helping IT leaders get savvier about cloud economics. But emerging technologies such as generative AI and the drive to innovate will perennially complicate the equation.
Cloud costs remain a key concern for IT leaders, who find themselves nearing a crossroads where expenditures for core workloads will need containment to free up spend for innovation.
To be sure, enterprise cloud budgets continue to increase, with IT decision-makers reporting that 31% of their overall technology budget will go toward cloud computing and two-thirds expecting their cloud budget to increase in the next 12 months, according to the Foundry Cloud Computing Study 2023.