About
With the rapid adoption of cloud technologies, organizations frequently face unexpected expenses that challenge their financial strategies. While cloud architectures promise flexibility, scalability, and cost-effectiveness, the reality is often more complex. Hidden costs such as data egress fees, underutilized resources, unexpected scaling expenses, and the management of multi-cloud or hybrid environments can quickly escalate.
A 2023 Gartner study revealed that 70% of organizations reported their cloud spending exceeded budget expectations, with an average overspend of 23%. Similarly, a Flexera report noted that wasted cloud spend accounts for nearly 32% of enterprise cloud budgets, driven by factors such as unused services, overprovisioning, and lack of proper governance. These financial pitfalls can transform the agility of cloud computing into a double-edged sword, undermining the very goals of efficiency and cost control.
As organisations aim to scale effectively, the question remains: How can they navigate these hidden costs and ensure their cloud strategies align with their financial and operational goals?
.png)
![CIONET [Country] - [Event Name] - [Speaker Name]](https://www.cionet.com/hubfs/INT_CIONET-International/Website/Defaults%20+%20Placeholders/CIONET-advisory-board-members_default.jpg)
