Companies will waste over $10 billion in cloud spending in the next year

Wasted cloud spend over the next year could top $10 billion according to cloud management company RightScale. Complexity in pricing and billing is a key reason for wasted cloud spend. A typical cloud bill can contain millions of items that represent tens of thousands of different resource types and price points. AWS alone has more than 70,000 price points for compute instances. Cloud providers are also constantly changing their pricing and discount models. A further cause of waste is a decentralised approach, where departments and business units are able to set up their own cloud instances with no need to… [Continue Reading]