A large majority of companies surveyed globally are spending too much on the cloud, according to a new HashiCorp-Forrester report.
In a survey of more than 1,000 IT decision makers in North America, Europe, the Middle East, and Asia-Pacific, 94% of respondents said their organizations had noticeable and avoidable cloud spend in due to a combination of factors, including underutilized and overprovisioned resources, and lack of skills to use cloud infrastructure.
Underutilized resources were among the top reasons for overspending, according to the report, with more than 66% of respondents listing it, followed by 59% and 47% of respondents saying that overprovisioned resources and lack of necessary skills , respectively, caused the waste.
37% of respondents also indicated that manual containerization contributes to overspending in the cloud.
Nearly 60% of respondents said they already use multicloud infrastructures, and an additional 21% said they would switch to such an architecture in the next 12 months.
The report showed that a majority of companies surveyed were already using multicloud infrastructures.
Multicloud infrastructure works for most businesses
Additionally, the report states that 90% of respondents say a multicloud strategy works for their businesses. This contrasts with only 53% of respondents to last year’s survey saying such a strategy worked for them.
Reliability was the top driver of multicloud adoption this year, with 46% of respondents citing it as the top reason for adopting IT architecture. Digital transformation came in second place this year, cited by 43% of respondents as the main driver for moving to multicloud, after falling from first place last year.
Other factors driving multicloud adoption this year include scalability, security and governance, and cost reduction.
Nearly 86% of respondents said they depend on cloud operations and strategy teams, which perform critical tasks such as standardizing cloud services, creating and sharing best practices and policies, and centralizing security and cloud compliance.
Skills shortages were the top barrier to multicloud adoption, with 41% of respondents citing it as the top reason. Some of the other barriers listed by respondents included teams working in silos, compliance, risk management, and lack of training.
Additionally, nearly 99% of respondents said that infrastructure automation is important for multicloud operations because it can deliver benefits such as faster and more reliable self-service IT infrastructure, better security and better utilization of cloud resources, as well as faster incident response.
Eighty-nine percent of respondents said they consider security a key driver of multicloud success, with nearly 88% of respondents saying they already rely on security automation tools. security. According to the report, 83% of respondents said they already use some form of infrastructure such as network infrastructure code and automation.