Nearly three in four (72%) of the IT decision-makers polled reported that their company exceeded its set cloud budget in the most recent fiscal year.
Forrester found that a lack of integration strategy and efficient cloud architectures is to blame for rising cloud costs, with issues like excessive storage and overused network bandwidth contributing to cost increases.
41% of the IT decision-makers polled admit they are not able to build cost governance in their cloud infrastructure, stressing the importance of managing cloud costs effectively.
Emerging FinOps practices face challenges with reactive cloud cost remediation strategies, urging the need for proactive measures to control cloud expenses.
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