Study: 83% of CIOs Exceed Cloud Budgets, Only 2% Under Spend


Study: 83% of CIOs Exceed Cloud Budgets, Only 2% Under Spend

📅 - Azul, a California-based provider of Java platforms optimized formodern cloud enterprises, has released its latest industry research, The CIO Cloud Trends Survey & Report. Based on responses from 300 CIOs across the United States, the report sheds light on how enterprise IT leaders are navigating the dual pressures of cloud-driven transformation and rising infrastructure costs.

The data reveals that 83% of CIOs are overspending on cloud infrastructure and applications, exceeding initial budgets by an average of 30%. Only a marginal 2% reported staying under budget. Despite these overruns, 80% still perceive cost savings as a result of cloud adoption - highlighting a paradox in current [...][... Check source for end of article ...]
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