Enterprises overspend by millions on cloud services

New research reveals enterprises are over-spending on cloud services by up to $8.5 million, as IT leaders grow frustrated with poor management tools, vendor-lock in and issues with accessing data. A study from Couchbase of IT decision makers at enterprises with more than 1,000 staff finds a typical annual spend on cloud services to now stand at $33 million. However, functions that are not currently meeting businesses expectations account for over 35 percent of the total cost. The report shows 36 percent of enterprises say cloud services adopted in the last three years had not met expectations, while 56 percent… [Continue Reading]