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Businesses have $300B in unused cloud commitments, Infosys finds

September 11, 2023

Via: CIO Dive
Category:

As technologies mature, priorities shift.

Vendors typically sell cloud infrastructure and services in chunks to be used within a designated time frame. Customers pay as they go but are committed to fulfill the terms of the contract. Cloud providers report the revenue as it arrives, creating a delta between committed spend and usage, as detailed by Infosys.

A key lesson from the first decade of enterprise cloud migration was access to more powerful, scalable compute drives up usage. Cost per instance may decline, but overall spending grows.

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