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 spend increases behind SaaS, Flexera’s 2021 tech spend report shows.
Sprawl accompanies the rise in cloud spend, as organizations invest in solutions from multiple vendors as part of their technology portfolios. Companies need to rely on concrete IT asset management processes to ensure the mix of vendors and solutions effectively works, Flexera said.
