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Cloud cost management is not working

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

The study, paid for by IPaaS provider Boomi, found that 87% had exceeded their set cloud budgets over the past two years and that 69% foresee exceeding their cloud budgets during the current fiscal year. In other words, we’ve spent too much money on the cloud and will continue to spend too much. I can’t imagine that going over well in the executive meetings, having sat through a few of those.

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