According to IDC, many businesses expected cost savings with cloud adoption. However, half of cloud buyers in 2023 spent more than anticipated, and 59% foresee ongoing overages in 2024.
Daniel Saroff from IDC highlights that alongside cost overruns, organizations face performance, latency, and security concerns when utilizing public cloud, causing them to consider repatriating workloads.
The Register has observed that managing cloud environments can be as complex and challenging as maintaining on-premises infrastructure, leading to issues like over-provisioning and underutilization.
Performance bottlenecks, particularly for AI and real-time processing applications, are prevalent in public clouds, prompting organizations to seek more control by bringing workloads back on-premises.
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