Managing Cloud Costs While Accelerating Innovation
techradar.com, Tuesday, July 9th, 2024
How organizations can manage their cloud costs
Over the past decade, organizations have migrated an increasing array of their applications and infrastructure to the cloud to boost agility and accelerate innovation. As this continues, IDC forecasts that global spending on public cloud services will reach $1.35 trillion by 2027. Despite the benefits that these services bring, the scale and speed of the shift have led nearly three-quarters of organizations to exceed their cloud budgets in 2023. This trend will only worsen as consumers continue to rely more heavily on digital services, and organizations push the limits of compute-hungry AI models such as ChatGPT.