Study cites companies’ inability to gain visibility at the architecture level is blowing out their cloud costs
Boomi recently launched the findings of a commissioned study conducted by Forrester Consulting on its behalf in December 2023, revealing that companies are fraught with uncontrolled and wasteful cloud spend, and cost remediation tactics are introduced too late or without a full picture of the environment.
The independent study found 87% of APAC companies exceeded their set cloud budgets over the past two years, with 69% of these companies foreseeing their cloud budgets to exceed this fiscal year.
Although the study shows APAC business leaders prioritizing cloud cost management and optimization (CCMO) tactics in the cloud development process (62%), most companies lack proactive strategies at the earlier architecture level.
Just 5% of APAC decision makers report their cloud cost remediation strategies are as proactive as possible, and only four in 10 say they contain costs at the solution architecture stage. While APAC organizations are aware that they could optimize cloud costs at the solution architecture level, less than half of companies have the strategy in place to resolve perennial problems, such as excessive storage (57%), lack of integration strategy (39%) and overconsumption of bandwidth (45%).
“About six out of ten APAC respondents (63%) believe their CCMO recommendations are only as good as the data their company can provide. However, 40% are finding it challenging to address the fundamental issue causing their excessive cloud spend. This issue arises due to many organizations perceiving integration as a separate entity, when it holds great potential to serve as a control layer in managing cloud costs,” said Thomas Lai, Vice President & General Manager, APJ, Boomi.
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