Tag: cloud spend

June 7, 2023

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 […]

May 25, 2023

While the data cloud company’s software are platform agnostic, its data storage and analytics solutions depend on cloud, a category of enterprise IT spend that came under greater scrutiny as rising inflation and interest rate hikes shook confidence in the […]

April 28, 2023

The annual revenue growth rate for Amazon’s cloud arm is continuing to slow, as enterprises look for ways to optimise the costs involved in running their IT estates off-premise, as evidenced by the e-commerce giant’s first-quarter results for 2023. The […]

April 6, 2023

Market consolidation among the hyperscalers has raised concerns over cost, competition and security among cloud users and government regulators. AWS and Microsoft command a combined 60% to 70% of the U.K. market, Ofcom said, citing its analysis of data it […]

October 28, 2022

Despite the click-click of belt tightening and the snip-snip of budget trimming, enterprise cloud spend continues to rise. It’s just not growing at the neck-breaking pace of recent years. In part, that dynamic accounts for Amazon’s underperformance during the three-month […]

August 2, 2022

For businesses aiming to reap the benefits of cloud migration, finding and developing the necessary tech talent remains a major obstacle. Three-quarters of the over 9,000 IT leaders, human resource professionals and industry experts polled for Skillsoft’s 2021 Global Knowledge […]

July 29, 2022

Amazon, which posted a net loss of $2 billion, sees potential rough patches in the economy as a growth opportunity for AWS, which had $19.7 billion in net sales in Q2, up 33% year-over-year. After expenses, its operating income reached […]

July 8, 2022

I made this prediction in 2020, and here we are. Spending on public cloud services is about to hit another milestone as business customers spent $18.3 billion on cloud computing in the first quarter of 2022, up 17.2% year over […]

October 14, 2021

With architecture strategies percolating in a hybrid-friendly, remote operations world, cloud spend is up across the board this year, coinciding with a decrease in on-premises software spend. Companies are investing more in public cloud resources, the second-highest category for IT […]

October 11, 2021

Organizations continue the aggressive movement of their operations to the cloud. According to Flexera’s 2021 State of the Cloud report, 80% of enterprises are utilizing a hybrid cloud strategy. Respondents to Flexera’s report estimate that 30% of their organizations’ cloud […]

June 7, 2021

In 2020, annual company cloud waste was estimated at $17 billion, largely lost on idle and excess resources. This was according to Jay Chapel, CEO and co-founder of ParkMyCloud. Chapel should know. His company makes a business out of helping […]

April 16, 2021

The reason why we use the cloud so much is the bottom line: Saving money. Well, that’s the theory anyway. StormForge, a start-up specializing in reducing cloud waste with machine learning (ML) and artificial intelligence (AI) has found in its […]

September 21, 2020

Enterprises worldwide spent a record $34.6 billion on cloud services in 2020’s second quarter, up roughly 11 percent from the previous quarter and 30 percent from the same period last year, according to research firm Canalys. What isn’t known is […]