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Plans for Cloud Cost Management and Resource Optimization in 2023

December 21, 2022

With a recession looming and continuous economic uncertainty hovering, companies are looking for ways to cut costs. If they made it through the period of layoffs, now they’re turning to their tools to see where they can cut back and maximize usage of their resources. Looking into 2023, we’ll see many companies turning to cloud cost management and storage to help optimize costs and resources.

Cloud Cost Management Will Give Companies the Upper Hand

One trend that’s driving the need to cut costs is the desire to understand current cloud spend. In a recent State of Multi-Cloud Management 2022 report based on a survey of 360 cloud decision-makers in the U.S. and U.K., 82% of organizations surveyed are currently leveraging a multi-cloud strategy, and 78% of organizations surveyed have workloads deployed in more than three public clouds.

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