Worldwide cloud spending continues to accelerate. After exceeding $500 billion for the first time in 2023, Gartner predicts spending will near a staggering $700 billion by the end of 2024.
With rising costs comes rising pressure for companies to get efficient — quickly. In 2022, this is exactly what companies told us they wanted to do. Two years later, we refreshed our State of Cloud Cost report to see how they’re doing.
Join this hour-long webinar to explore findings like:
- Out-of-control cloud costs. The majority of companies report not having control over their cloud costs, with a rise in the number of organizations saying their costs are “way too high.
- Low visibility is harming productivity. Nearly nine in 10 respondents said a lack of cloud cost visibility prevents them from doing their job well — indicating higher levels of disruption than in previous years.
- Engineering ownership equals a better understanding of cloud cost. Data points to a positive correlation between engineering ownership and better business outcomes, like greater confidence in reporting accuracy. 81% of respondents said their cloud costs are “about where they should be” when engineering has some level of ownership.
- Job insecurity. Three in four respondents fear losing their jobs if cloud costs suddenly increase.