Only half of cloud infrastructure professionals at global enterprises believe they are being charged the right amount for what they get from their cloud providers, according to survey results released Wednesday by cloud optimization firm Densify.
Three-quarters of organizations either overspend their public cloud budget, or are not sure how much they are spending, according to the survey results, and half of respondents do not know how to handle the frequent technology and pricing changes made by providers. This is despite significant public cloud spending, as half of the organizations surveyed spend more than $300,000 per year, and 20 percent spend more than $1.2 million per year.
“In a market with very few major cloud providers, customers don’t have many choices and simply continue to pay their high cloud bills without a second thought,” Yama Habibzai, chief marketing officer of Densify said in a statement. “We’ve helped hundreds of companies optimize their clouds, with major reductions in their cloud bill, so we know that they are overspending.”
Better tracking of cloud spending could surely help, as one in four respondents do not audit cloud usage and cost, or do not know if their organization audits it, and only 20 percent utilize an automation tool to optimize their infrastructure.
Only 5 percent of respondents distrust cloud providers, but 30 percent say they are not well prepared to handle the technologies. Half of those surveyed believe they need automation to handle their cloud’s complexity, but 70 percent say they do not have any optimization capabilities, according to the announcement.
Survey results released by Rackspace in September showed that a lack of cloud skills costs large enterprises more than $258 million each year. The market for cloud optimization continues to grow, however, with Densify competitor RightScale launching its Optima tool in July.