ENTERPRISES WASTE MORE THAN 10 % OF THEIR ANNUAL BUDGET
on software , SaaS and cloud infrastructure
OMNITZA , A LEADING provider of Enterprise
Technology Management ( ETM ) solutions , has announced the results of the 2023 Snapshot Survey : SaaS and Cloud Spend Optimisation & Automation . The research , conducted by YouGov , found that half of enterprises waste more than 10 % of their annual budget on software , SaaS and cloud infrastructure , with a third of respondents reporting wasting between 10 – 20 % of their annual application expenditures due to unused , unaccounted for or mismanaged SaaS and software subscriptions and licenses .
While many organisations have instituted automated processes to manage SaaS and cloud , the majority ( 54 %) rated their workflows to govern authorised use and licensing of SaaS applications and cloud infrastructure only as ‘ satisfactory ’. Just 9 % of organisations expressed experiencing unplanned spending and budget issues due to immature or nominal process automation maturity .
“ Oomnitza ’ s research underscores the double-sided sword that cloud and SaaS represent ,” said Valerie O ’ Connell , Research Director at EMA . “ Anyone with a credit card can spin up resources . That ’ s great for adoption and ease of access , but it ’ s also a recipe for overspending . Cloud instances – that