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Runaway cloud spending frustrates finance execs: report

September 28, 2023

Via: CIO Dive

A company’s use of cloud-related services tends to be scalable along with the associated costs, which can result in sticker shock at billing time if not carefully managed, according to Vertice.

“More product, more features, more development, more customers, more services, more analysis: it all results in increased costs,” the report said. Only 5% of companies reported cloud costs being lower than they were in the previous year, while 1% claimed to have reduced these costs significantly.

Finance leaders are almost three times as likely to be concerned about cloud costs than their tech peers, and more than twice as likely to be worried about getting visibility into the cloud, the research found.

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