FINAL WORD
How to identify and tackle your public cloud overspend
Having an efficient cloud storage strategy is key to managing and reducing costs . Steve Wiggs , Data Centre Practice Lead , MTI Technologies , discusses the ways organisations can best utilise cloud technology with a consistent and optimised strategy to reduce costs and avoid overspending .
According to Statista , as of 2020 , around 50 % of all corporate data is stored in the cloud . What ’ s more , in a recent Gartner survey , 90 % of respondents said they are using the cloud in some fashion . And despite nearly universal adoption , cloud usage is expected to continue growing exponentially . In fact , a separate Gartner report estimates the global cloud market to almost double from US $ 330 billion today to US $ 623 billion in 2023 .
Furthermore , like so many areas of our lives , the recent pandemic has also impacted the public cloud . According to the ninth annual Flexera 2020 State of the Cloud
Report , 59 % of organisations are expected to increase cloud usage as a direct result of COVID-19 . It ’ s no surprise that cloud storage has become an indispensable tool in today ’ s hyperconnected world . But unlike the early days of cloud storage , when vendors regularly rolled out new capabilities and routinely bumped up storage limits , the market has matured in terms of capabilities and storage norms .
And the benefits are clear – anytime , anywhere access to data and applications ; the ability to modernise and scale infrastructure and services without building and maintaining expensive IT assets ; and improved security , regulatory compliance and Disaster Recovery .
However , finding the right cloud storage is key . If cloud usage continues to grow at the pace outlined in the Gartner report referenced earlier – and all indications
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