Rising cloud costs leave CIOs seeking ways to cope
CIO
AUGUST 27, 2024
If you’re stressing over cloud cost increases, you’re not alone. Three out of every five organizations saw cloud spending increase in the past year, with nearly four in 10 who experienced price hikes saying their costs jumped by more than 25% — this according to a recent survey of IT professionals commissioned by cloud provider Civo. Several factors appear to be driving cloud cost increases, including inflation, a rush to deploy compute-hungry AI , and energy costs, says Mark Boost, CEO of Civo,
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