Cloud spend soars as organizations adapt to COVID-19

The latest State of the Cloud report from Flexera reveals that 59 percent of enterprises expect their cloud usage to exceed prior plans due to COVID-19. Organizations are over budget for cloud spending by an average of 23 percent, and expect cloud spend to increase by 47 percent next year. However, respondents estimate that 30 percent of their cloud spend gets wasted. Based on feedback from a panel of 750 technical professionals from around the globe, the findings show that 93 percent of enterprises have a multi-cloud strategy while 87 percent have a hybrid cloud strategy. More than half of… [Continue Reading]