Cloud Spending to Hit $218 Billion by 2028: Are You Maximizing Your Cloud Investment or Wasting Millions?
FARZANA AFRIN TISHA
Head of Cloud & Cyber Security @ BrainStation23| AWSWIT, x-AWS UG Lead | Business Scaling Up
Cloud consumption is expected to skyrocket, with global spending projected to reach $218 billion by 2028. This growth signals immense opportunities for cloud service providers like AWS, Microsoft, and Google, but it also raises a critical question for businesses:
Are you maximizing your cloud investment, or are you losing out due to inefficient cloud usage?
A recent report from 麦肯锡 revealed that 20-30% of cloud spending is wasted. That’s an alarming figure for companies already facing tight budgets. The reasons? Over-provisioning, lack of visibility, and underutilized resources.
The Shift Back to On-Premise: A Quick Fix? The high cost of cloud services has led to an emerging trend: cloud repatriation. A recent study showed that 25% of UK businesses have moved over half of their cloud workloads back to on-premise infrastructure. While this may seem like a practical solution, it's often a short-term fix for a much larger issue.
Cloud Cost Optimization: A Smarter Solution Instead of moving workloads back to physical servers, businesses should focus on better cloud cost management strategies. Here are some critical steps to optimize your cloud usage and save costs:
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Cloud services are the backbone of modern business operations, but without effective cost management, the benefits can quickly become burdensome expenses. By focusing on cloud cost optimization strategies and gaining better insights into your cloud usage, companies can save millions—resources that can then be reinvested into growth and innovation.
Is your company making the most out of its cloud investment, or are you missing out on potential savings? It’s time to take a closer look and optimize your cloud usage.
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Information Technology (IT) Secretary at IBFC
3 周Very informative