CIOs Are Rethinking How They Use Public Cloud Services. Here's Why.
CIO, Wednesday, January 8th, 2025
Cost, data privacy, and performance issues have IT executives reassessing what should go into multi-tenant public cloud services.
Over the past few years, enterprises have strived to move as much as possible as quickly as possible to the public cloud to minimize CapEx and save money. Increasingly, however, CIOs are reviewing and rationalizing those investments. Are they truly enhancing productivity and reducing costs?
'In the rush to the public cloud, a lot of people didn't think about pricing,' says Tracy Woo, principal analyst at Forrester. And for some organizations, annual cloud spend has increased dramatically. 'Cloud spending is going up and budgets are tightening, so they're asking what's going on and how do we right this ship.'