Cloud adoption is driving up IT budgets

The impact of cloud adoption on IT teams was analyzed in a recent report by Aptum. According to the study, 71% of IT professionals surveyed stated that cloud-related costs make up 30% or more of their total IT spend. 

According to the report, more than half (52%) of IT professionals admitted their organizations have wasted significant IT spend due to inefficiencies with cloud platforms and services.

Seventy-three percent of IT respondents reported that their cloud investment has resulted in higher-than-expected IT costs within the last 12 months, marking a 28% increase compared to 2021 figures. Additionally, the majority (92%) of IT professionals stated that they are likely to conduct a full ROI (return-on-investment) analysis of cloud spending, a rise from 89% in 2022.

Currently, 62% of respondents agree that a lack of internal expertise has prevented them from expediting cloud implementations.

Read the full report here.