Report overview
Despite cost reduction being a top FinOps priority, organizations still waste 24% of their cloud spend on average. Based on a survey of over 500 FinOps practitioners, this 451 research report highlights major cloud initiatives, how teams are tackling cloud cost optimization, and where automation can unlock more savings.
Key insights include:
- The top FinOps challenges that contribute to 24% of wasted spend in cloud
- How multicloud complexity is straining FinOps teams already stretched thin
- Why workload optimization dominates priorities while rate optimization remains underleveraged in managing cloud cost
- Top techniques used by FinOps practitioners to optimize cloud spend
- The automation opportunity: Most FinOps tasks still rely on human-mediated automation— limiting the full potential of automation for cloud cost optimization.
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