Subj : Managing business cloud costs is more challenging than ever
To   : All
From : TechnologyDaily
Date : Mon Mar 13 2023 18:45:04

Managing business cloud costs is more challenging than ever

Date:
Mon, 13 Mar 2023 18:30:55 +0000

Description:
Companies are less concerned about security of their cloud infrastructure 
than they are about cutting costs and disaster recovery.

FULL STORY
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Enterprise cloud investments are on the rise despite growing anxieties about 
their cost, according to a survey from cloud optimization company Flexera. 

Its 2023 State of the Cloud report , published in March, notes that cutting 
cloud costs has overtaken security as the main concern for businesses 
embracing the technology. 

This is natural given the current economic climate, but Flexera predicts that 
the number of companies moving to the cloud will only increase as things 
improve. Enterprise cloud trends 

The survey also found that AWS is the favoured cloud storage provider for 
small businesses, which Flexera defines as those with less than 1,000 
employees. 

71% of respondents preferred Amazon Web Services (AWS), while 51 percent 
preferred Microsoft Azure. Google Cloud Platform use has actually decreased 
from 43% to 28% year-on-year. 

 Flexeras 2022 report noted that Azure adoption rates overall had actually 
exceeded those of AWS for the first time, and so the latest report indicates 
a close race between the two. This time, 47% percent of general respondents 
preferred AWS for their workloads, whereas 41% opted for Azure. 

Oracle, IBM and Alibaba adoption rates have seen little growth and, as a 
result, it appears that, in the eyes of many, enterprise cloud solutions are 
very much a two-horse race. 

Cloud security concerns havent completely fallen by the wayside, though, with 
multicloud implementations (businesses spreading their cloud investments over 
multiple services and providers) to augment security continuing to be one of 
the top implementations of the cloud overall. Read more 

> Almost all companies are now embracing multicloud 

> Microsoft: Companies aren't holding back on cloud spending 

> Check out our list of the best cloud backup solutions right now 

The biggest takeaway remains the tension between companies investing in cloud 
to reduce the cost burden of on-prem solutions such as servers, while being 
mindful of the cost of a cloud stack. 

Despite the prevalence of multicloud, Flexeras 2023 report noted that 
multi-cloud use has decreased by 2% since 2022, while single public cloud 
usage has risen by the same amount in the same period. With no end to the 
financial downturn in sight, it can be safely assumed that this trend will 
continue. Heres our list of the best cloud hosting providers right now



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Link to news story:
https://www.techradar.com/news/managing-business-cloud-costs-is-more-challengi
ng-than-ever


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