Published March 14, 2023
Author: Ash Khan

Cloud costs are becoming the number one worry for most enterprises.

According to a poll conducted by cloud optimization specialist, cloud costs management are increasing despite rising concerns about their cost.

The March 2023 ‘State of the Cloud‘ report highlights that lowering cloud expenses has surpassed security as the primary priority for organizations using the technology.

This is understandable given the present economic situation. However, cloud optimization specialist believes that the number of businesses shifting to the cloud will only grow as the economy improves.

Trends in enterprise cloud computing

According to the poll, Amazon is the preferred cloud storage online backup provider for small enterprises.

Amazon Web Services (AWS) was selected by 71% of respondents. While Microsoft Office 365 parent company Azure was preferred by 51%. Moreover, Google Workspace’s parent company’s Cloud Platform use has declined from 43% to 28%.

Cloud optimization specialists’ 2022 report observed that Azure adoption rates had surpassed those of AWS for the first time. This indicates a close battle between the two. This time, 47% of general respondents chose Amazon for their workloads, while 41% chose Azure.

Adoption rates for Oracle, IBM, and Alibaba have seen a minimal increase. It appears that, from the perspective of many, cloud storage and backup solutions are a two-horse race.

Cloud security worries haven’t gone away entirely. With multi-cloud installations companies spread their cloud costs over various services and providers to supplement security.

Cloud Security and Management

Here are some cloud management tips:

  1. Implement a Cloud Cost Management Plan: With cloud costs becoming a primary concern for most enterprises, it’s important to have a well-planned and optimized cost management strategy in place. You can identify areas where costs can be minimized, optimize cloud usage and deployment, and continuously monitor your cloud expenses.
  2. Optimize Cloud Providers: Understanding the strengths and limitations of different cloud providers can help you choose the one that best fits your enterprise’s needs.
  3. Maintain Cloud Security: Despite lower priority, cloud security remains a critical concern for enterprises. It’s important to adopt security best practices, such as encrypting data and implementing access controls, to ensure the safety of your cloud environment.
  4. Utilize Single Public Cloud Usage: It’s important to evaluate your cloud usage and determine if a single cloud provider can meet your needs while reducing complexity and costs.
  5. Continuously Monitor Cloud Usage and Costs: To ensure cost optimization and maintain security, it’s important to continuously monitor cloud usage and costs. Implementing tools that provide detailed insights into cloud usage and expenses can help you identify areas for optimization and cost reduction.

The most important takeaway is the friction between organizations investing in the cloud to minimize the expense burden of on-premises solutions. This includes onsite servers while keeping the cost of a cloud stack in mind.

Despite the prominence of multi-cloud, the study highlighted that multi-cloud use has fallen by 2% from 2022. While single public cloud usage has increased by the same amount over the same period. With no end in sight to the financial collapse, it is reasonable to expect that this tendency will continue.