Business
A significant amount of businesses plan to increase their IT spending within the next year, especially when it comes to cloud computing. Unfortunately, a high amount of waste is involved in that spend.Kim Weins, VP of Cloud Strategy at Flexera, has spent her career focusing on cloud computing and spend optimization in IT and knows how this evolving software will impact businesses as it advances. She’s also spearheaded the State of the Cloud Report, a definitive annual report on cloud adoption, which continuously researches how it’s evolving. It’s time for CPOs, CIOs and CFOs to realize that money going into cloud cost optimization is growing significantly and leaders may need to get a handle of this growth to avoid wasting unnecessary cash. With cost and waste in mind, Weins shares how organizations should be using cloud and how often they should be planning their roadmaps in IT.Key Takeaways:Over 80% of respondents plan to increase IT spend within the next yearOrganizations are spending 22% of their budget on on-prem software, 7% on SaaS and 18% on IaaS and PaaSAn average of 35% of public cloud is wasted; this can be a significant problem because a large number of people are seeing their cloud spending go up