Cloud Waste Significant: Over 40% Spend Wasted, Higher Among Large Organizations
The data highlights a significant opportunity for optimization, with over half of respondents estimating that 40% or more of their cloud spend is waste. This underscores the potential savings from remediating existing waste and emphasizes the importance of implementing preventive measures for efficient resource management. Interestingly, organizations with larger cloud spend (more than $25 million annually) report slightly higher cloud waste: 59% have over 30% waste compared to 51% for those spending less than $25 million. This may be attributed to the adoption of a broader range of services across a larger number of development groups, leading to increased complexity and inefficiencies.
Q3 2024
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