As Cloud Spending Surges 30%, Study Shows Best Ways to Simmer Costs

AI is fuelling uncontrollable costs, driving cloud spending 30% higher. Research from Vanson Bourne reveals the approaches 500 IT and finance leaders use to expand their FinOps programs and amplify financial management success.

The Cloud Boom

0 %

report their cloud
spending is rising

0 %

average spending
increase over
last year

$ 0 M

average cloud
spend per year

AI Drives Costs Sky High

Top 3 reasons for Increased
Cloud Spend

AI

0 %

GenAI

0 %

Automation

0 %

say GenAI-related
cloud spending is
becoming
unmanageable

How Spending Flows across the Cloud

$ 0

Annual SaaS Cost per Employee

Controlling Cloud Costs

1

Expand FinOps to SaaS & Private Cloud

SaaS-picious Spending

0 %

agree, FinOps
needs to
incorporate SaaS –
not just IaaS

0 %

admit their productivity
software licenses such
as Microsoft 365 go to
waste

0 %

of SaaS spending
comes from
Shadow IT on
average

Remedying Repatriation

0 %

plan to repatriate cloud
resources yet

Yet…

0 %

find private cloud costs
trickier to manage

0 %

of public resources
will be repatriated
on average

2

Focus on Chargebacks

0 %

agree shared cloud expenses should be allocated across the organization

Yet…

0 %

find chargebacks challenging and time consuming

3

Rely on the Tools of Experts

When compared to manual processes, home-built software, and native tools from providers, those using 3rd-party FinOps software:

Increase FinOps
maturity and
confidence

Alleviate spending
concerns over AI
and Shadow IT

Manage costs
across a broader
range of cloud
technologies

Value of Effective Cost Management

Top 3 Benefits Derived From Cloud Cost Management

#1

Productivity and
Visibility

#2

Visibility and
transparency of cloud
spend

#3

Security and
compliance

0 %

Consider increased productivity to be a key benefit of cloud cost management