Cloud Cost Optimisation Tools Not Enough To Rein In ‘Uncontrolled’ Cloud Spending

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APAC companies are struggling with wasteful cloud spending, according to a commissioned study conducted by Forrester Consulting. Also, cloud cost management initiatives and tools are being introduced too late or without a full picture of their environment to be very effective.

In the new study, commissioned by IPaaS provider Boomi in December 2023, it was found that 87% of APAC companies had exceeded their set cloud budgets over the past two years, and 69% foresee their cloud budgets to be exceeded during the current fiscal year.

The results come as regional cloud workloads are predicted to increase rapidly over the next two years. Workloads for applications in IT ops (51%), hybrid work (55%), software creation platforms and tools ...