Enterprises across the globe dished out a record $107 billion for cloud computing infrastructure services in 2019. This is up 37 percent from the previous year, according to a new report released by analyst firm Canalys.
This is not surprising given that public cloud usage is up. However, at the same time enterprise IT has no idea how much the bills will be, nor how to place guardrails around public cloud spending. The solution is cloud cost governance, which most enterprises are not employing today.