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As cloud costs spiral upward, enterprises turn to a thing called FinOps

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简介Photo: Joe McKendrickIn the first few years of cloud computing, cost savings was the driving reason ...

Photo: Joe McKendrick

In the first few years of cloud computing, cost savings was the driving reason for adopting the cloud. Nowadays, however, businesses are faced with spiraling cloud costs. There's even a word for the emerging process to deal with it: "FinOps."

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According to Flexera's recently released 2022 State of the Cloud Report, organizations continue to waste significant cloud spending, based on survey responses from 753 global cloud decision-makers and users. 66% of executives said cloud usage is "higher than initially planned this year," They estimated that their organizations waste 32% of cloud spend, up from 30% in last year's survey. 

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