Optimization Takes the Spotlight as Cloud Spend Continues to Grow

by Joseph Angeles In the world of cloud today, bang for your buck is rapidly becoming the name of the game. With Gartner forecasting total 2023 cloud spend at $591.8B, up 20.7% from $490.3B in 2022,1 cloud spend as a percentage of total IT budget continues to climb and the corresponding need for optimization is rapidly gaining attention as a key challenge. In fact, according to the recent 2023 State of the Cloud Report released by Flexera, 82% of cloud users surveyed highlighted cloud spend management as their #1 challenge in the cloud,2 for the first time surpassing other critical…

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