6 Cloud Computing Trends: Costs, Hybrid Cloud, Economy

March 09, 2023, 12:37 PM EST

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 Waste

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.

Learn More: Cloud Infrastructure | Cloud Platforms | Cloud Software | Cloud Security | Cloud Storage

Mark Haranas

Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. He can be reached at mharanas@thechannelcompany.com.