Most (94%) IT leaders face challenges in optimizing cloud costs, a recent research found. The report by Sapio surveyed over 2,300 IT decision-makers across the globe and revealed that 41% of IT budgets now focus on scaling cloud capabilities to support AI workloads.
A significant portion (40%) believe AI will be their top cost challenge in the next three years, despite most already using AI to automate processes. When it comes to infrastructure decisions, security and compliance are top concerns. Organisations are shifting towards hybrid or on-premises solutions due to data privacy, regulatory compliance, and vendor lock-in.
Limited visibility into cloud spending (44%) is a major issue for many organisations. Despite using FinOps tools, unexpected cost fluctuations push them to reconsider their strategies and seek external expertise. Crayon’s vice president says that FinOps brings clarity to this challenge by providing transparency and actionable insights to help IT leaders optimize their technology investments.
Source: https://futurecio.tech/94-of-it-leaders-struggle-to-optimise-cloud-costs-study-finds