6 Cloud Computing Trends: Costs, Hybrid Cloud, Economy
Here’s six interesting results from Flexera’s new cloud report on businesses top cloud challenges in 2023, overspending, cloud waste, hybrid cloud, cost optimization, and if companies plan to spend more or less during an uncertain economy.
Top Cloud Challenges In 2023
Flexera said this year marks the first time in a decade that managing cloud spend has overtaken security as the top challenge facing organizations across the board. As cloud spending increases, there’s no surprise that controlling this rapidly growing cost is a top priority.
The top challenges for all respondents, including both enterprises and SMBs, was managing cloud spend at 82 percent. Security followed as the second top challenge at 79 percent, then lack of resources and/or expertise in third place with 78 percent of respondents saying its a top cloud challenge.
Seeking to control high cloud costs, many organizations have or plan to create a cloud center of excellence (CCOE) and build mature FinOps practices.
One difference between enterprises and SMBs is around managing multi-cloud, with 80 percent of enterprise respondents saying its a top challenge, compared to only 47 percent of SMBs.