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Cloud overspending spotlights the need for cost governance

February 19, 2021

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Employees working remotely for much of 2020 caused a huge uptick in cloud spending at the same time enterprises struggled to contain cloud expenses. In many cases, increases were directly due to the pandemic and changes in IT systems to accommodate the new normal. In other cases, companies lacked the automated oversight necessary to contain cloud spending.

FinOps Foundation, a nonprofit trade association, recently released detailed findings from a survey of more than 800 FinOps practitioners with a total annual cloud spend of more than $30 billion.

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