Security News > 2023 > September > Cloud service inefficiencies drain IT budgets

While the cloud has brought benefits such as flexibility, scalability, agility, and cost efficiency to organizations in recent years, there are still unforeseen costs.

52% of IT professionals admitted their organizations have wasted significant IT spend due to inefficiencies with cloud platforms and services.

The survey identified several factors, including poor planning, a lack of internal expertise, the acceleration of cloud adoption, and a lack of familiarity with complex cloud solutions.

To mitigate these escalating costs, developing skills and knowledge in cloud strategy is crucial.

The results demonstrate that organizations struggle to fully realize the value of their cloud spending as they expand their adoption of cloud services.

Continued cost savings rely on a clear cloud investment strategy that focuses on visibility and control of costs - especially for those accelerating cloud investment and moving into more complex, multi- and hybrid cloud environments.

News URL

https://www.helpnetsecurity.com/2023/09/27/cloud-service-inefficiencies-drain-it-budgets/