As Cloud Costs Spiral Upward Enterprises Turn To A Thing Called Finops
According to Flexera’s recently released 2022 State of the Cloud Report, organizations continue to waste significant cloud spending, based on survey responses from 753 global cloud decision-makers and users. 66% of executives said cloud usage is “higher than initially planned this year,” They estimated that their organizations waste 32% of cloud spend, up from 30% in last year’s survey. In addition, “spend is likely less efficient and likely even higher on average, as many organizations tend to underestimate their amount of waste,” the survey’s authors report....