- 94% of IT leaders report that they are struggling to optimize cloud costs effectively
- Limited visibility and unexpected cost fluctuations remain a sustained challenge globally
- Finops help organizations predict budgets and mitigate government risks effectively
Handling of cloud costs has become more and more complicated for many organizations.
A recent global study ordered by crayon and performed by Sapio Research found that 94% of IT leaders are struggling to optimize cloud costs.
This makes it one of the most persistent challenges in IT cost management.
AI -Adoption adds new pressure on the budgets
Despite the adoption of Sky-ners and third-party tools, 44% of organizations still report limited visibility in their cloud costs.
Almost half of the companies surveyed also cite unexpected cost fluctuations as a major problem.
As the AI Adoption grows, its influence on cloud costs becomes more pronounced.
These issues cause companies to consider their financial operating strategies and seek external expertise.
About 60% of IT managers are already using AI tools to automate IT processes, while 40% expect AI to be the top cost challenge in the next three years.
AI authors increase the demand for cloud storage and calculation resources, complicates cost prediction and create a new layer of financial risk.
FINOPS emerges as a critical approach to budgeting budgets, definition of success measurements and reducing management risks.
By integrating AI considerations into economic operations, organizations aim to optimize both technology and expenses.
Crayon supports this effort by offering tailor -made Finops solutions that provide transparency, efficiency and measurable business value.
“At Crayon, we see Finops like the discipline that brings clarity to this challenge, which helps the leader predict, control and optimize over hybrid and cloud environments,” said Crayon Vice President of Global Sales Ulrik Roland.
“By combining transparency with action insights, we allow our customers to unlock the true business value of their technology investments.”
Concerns of regulatory compliance, data protection and supplier-in get some organizations to redirect parts of IT budgets against hybrid or local strategies, with an average of 37% of the expenses allotted accordingly.
Security and compliance are still leading drivers in these decisions, reflecting the balance that the leaders must strike between cloudbility and cost control.
The results suggest that although cloud adoption continues, AI work stresses and unpredictable expenses could make cost management even more challenging than it already is.
“Finops are especially critical in today’s environment, where Sky Economics, AI management and security cross,” said SoftwareOne* Co-Ceo Melissa Mulholland.
“Finops allow organizations to take control of their IT investments and ensure that they are in line with business results, financially responsible and resistant to new risks.”
