Organizations not in control of their public cloud spending

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Companies don’t have an understanding of their public cloud spend, with 75 percent either overspending relative to their budget, or simply not knowing how much they are spending. A study by cloud optimization service Densify shows while the majority of organizations have budgeted spend for public cloud, most don’t know how much their company spends monthly on these services. The amounts involved are significant, with half of organizations spending more than $300,000 per year and 20 percent spending more than $1.2 million per year. Yet only 50 percent believe that they are being charged the right amount for what they…

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