84 percent of enterprises are struggling to manage cloud spending

With cloud spending expected to increase by 28 percent in the coming year, a new poll of over 750 technical professionals and executive leaders worldwide finds that 84 percent see managing cloud spend as their top challenge. The study from Flexera shows 33 percent of organizations are spending more than $12 million annually on the public cloud alone partly driven by AI adoption. With cloud budgets already exceeding limits by 17 percent, organizations are increasingly turning to managed service providers (60 percent) and expanding use of their FinOps teams to regain control over spending (59 percent). While estimated wasted cloud… [Continue Reading]