Security News > 2021 > June > Cloud computing costs skyrocketing as businesses support a remote workforce

Anodot announced the results of a survey that reveals how organizations struggle to control skyrocketing cloud computing costs of the remote workforce, even as business moves to a hybrid model.

Most organizations having a hard time controlling cloud computing costs Fewer than 20% of survey respondents stated that they were able to immediately detect spikes in cloud costs.

For 59% of those who spend in excess of $2M monthly on cloud usage, it can take days to detect an anomalous surge; and, on heavy cloud usage days, nearly 50% of respondents reported that cloud costs can surge by as much as 10-19%. Businesses surprised by cloud costs Roughly 77% of respondents with more than $2 million in cloud costs said they were surprised by how much they spent.

This delay increased cloud costs by a staggering 10%. 2020 was a particularly challenging year for managing cloud costs Nearly 30% of respondents saw a 25-50% jump in cloud costs, month-to-month, during a six-month period.

"Undetected mistakes often account for rising cloud costs and those glitches are not found by traditional monitoring tools used by most organizations. Given the rise in cloud costs due to digital transformation and a shift to hybrid workforce models, it is incumbent on IT leaders to use the correct tools to monitor their cloud costs."

To further boost cloud cost optimization, AI-based cloud cost monitoring can also forecast future cloud costs so that organizations can conduct better advance planning.

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