With cloud costs on the rise, enterprises need to adopt effective strategies for managing their cloud spend. Take these steps to align cloud investments with their goals and unlock new opportunities for growth and innovation.
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The proliferation of cloud computing has fundamentally reshaped how enterprises handle their critical workloads, transforming the cloud into a strategic tool and business enabler. Hyperscalers — cloud service providers that offer scalable, flexible cloud computing solutions — such as Amazon Web Services, Microsoft Azure, and Google Cloud have revolutionized scalability and flexibility. Organizations can now deploy applications and services with unprecedented speed. This ease of deployment, coupled with responsible cloud economics, has empowered enterprises to reinvest in growth, new capabilities, and innovation.
According to a July 2024 report by Wipro FullStride Cloud, 54% of surveyed organizations cite AI as the main driver of their cloud investments, and over half are increasing investments in both hybrid cloud (54%) and public …