Cloud Budgets Busted: Almost 40% Overspent Last Year

3 years ago www.hashicorp.com

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If you want to know what’s really happening in the cloud, you have to follow the money.

According to the inaugural HashiCorp State of Cloud Strategy Survey, companies are investing big money in their multi-cloud efforts — but not always in the ways you might expect.

Given the vast range of spending among the more than 3,200 respondents to our survey, however, we need to look closer to fully understand cloud spending.

For more than a quarter of organizations, cloud overspending was due to a combination of the lack of guardrails to efficiently manage resource utilization (14%) and lack of standardized tooling (13%).

To learn more about how companies are investing in cloud and multi-cloud environments, check out the full HashiCorp State of Cloud Strategy Survey.

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