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 recent survey that businesses waste over $17-billion a year on unused or idle cloud resources. That’s serious money.
Now, it’s not that companies have an unrealistic view of what they’re going to be spending. Ninety-four percent say they know, at least roughly, what their cloud spend will be each month. That’s the good news. The bad news is they also estimate that nearly half of their cloud spend is wasted on unused or idle resources.
