Cloud Spending Overbudget By 13 Percent On Average 

Organizations are overbudget for cloud spending by an average of 13 percent, while also expecting their cloud spending to increase by 29 percent in 2022.

This trend shows it’s more critical than ever to get a handle of cloud spending and cost optimization. However, the 13 percent of organizations that were overbudget on the cloud was down from 24 percent in Flexera’s 2021 report.

Jared Reimer, president of cloud MSP Cascadeo, said transitioning to become a cloud-first business shouldn’t be about pure IT budget cost savings, but about enabling businesses to do more with less.

“People who say, ‘We’re going to move to cloud because it’s going to save [us] a bunch of money’ are probably are wrong and haven’t done the math correctly,” said Reimer, whose company is one of Amazon Web Services’ top channel partners. “People who say, ‘We’re going to move to cloud because it’s strategic and it’s transformational, it’s going to unlock all sorts of new things that our customers are going to want or require of us in the future. This is a must win. It’s a C-level mandate,’ those are the customers that we love working with and are winning in the market against their competition.”