Cost efficiency is the name of the game for all enterprise departments right now, but cloud spending has been a particularly ripe area to make needed reductions. Gartner projects that worldwide cloud spend will top half a trillion dollars ($592 billion) in 2023, on 21% year-to-year growth. At the same time, 82% of enterprises named managing cloud spend as a top cloud challenge in the most recent State of the Cloud Report, claiming the survey’s top spot for the first time in more than a decade. Combine that with macroeconomic pressure, and it’s clear something’s got to give.
