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.
Cloud computing waste refers to when cloud services are not utilized or are underutilized by an organization. This is a concern for companies that lease offerings from cloud providers via platform-as-a-service (PaaS), software-as-a-service (SaaS) or infrastructure as-a-service (IaaS).
Respondents report that public cloud waste is 28 percent, down from 32 percent the previous year.
IT executives surveyed in Flexera’s report indicated that 72 percent of their cloud spend was spent efficiently.