According to Gartner research in February, overall cloud investment will reach $544 billion this year. For those of you keeping score, that’s up 21% from the previous year. Is this good news? Depends on who you ask. The pandemic gave cloud computing a kick in the pants as enterprises quickly moved to the relative safety of public clouds. Also, public cloud providers performed well during the pandemic, and for many enterprises, cloud computing is now the only option for IT platforms.
While enterprise data centers continue to close, CFOs and CIOs with sticker shock are trying to figure out why their cloud bills are so high. In many instances, the opposite was promised when enterprise IT began its cloud journey. What happened?