According to a Gartner study from February, total cloud investment will reach $544 billion this year. For those of you keeping score, that’s up 21% from the previous year. Is this good news? Depends on who you ask. The pandemic dealt a blow to cloud computing as enterprises quickly moved to the relative safety of public clouds. In addition, public cloud providers have performed well during the pandemic, and for many enterprises, cloud computing is now the only option for IT platforms.
As corporate data centers continue to close, CFOs and CIOs in sticker shock are trying to figure out why their cloud bills are so high. In many cases, the opposite was promised when enterprise IT began its cloud journey. What happened?