A 2022 study carried out by TechTarget’s Enterprise Strategy Group found that 62% of firms use third-party cloud-cost estimation tools. This included software to compare potential costs of different public cloud providers.
The impact of these finops tools was clear in the study. Just under half (49%) reported that finops tools have led their organizations to reconsider their first choice for cloud for at least one workload, selecting a different cloud vendor for workload deployment. Perhaps the era of choosing a single cloud provider is over.