As cloud costs continue to rise, many organizations are feeling the pressure to manage their expenses more effectively. In our latest white paper, The Cost of Cloud 2024 , we found three out of five companies have seen their cloud spending increase over the past year, with nearly 40% experiencing cost hikes of over 25%.
In an article from the CIO on the topic, Mark Boost, CEO of Civo, explained several factors that are contributing to this trend, including inflation, the rapid adoption of AI, and the growing complexity of digital transformation efforts. Mark emphasized the need for transparency in cloud pricing, criticizing major providers for their "complex and opaque" cost structures.
In contrast, Civo offers a straightforward and transparent approach to cloud services, designed to help businesses manage their costs more predictably. Civo’s solutions are built to be cost-effective, providing clear, predictable pricing without the hidden fees often found with larger providers.
Companies are moving larger and more complex workloads to the cloud, and many are finding it increasingly difficult to optimize costs across multiple platforms. This complexity is driving a need for smarter, more assertive cost management strategies. Experts suggest that appointing a dedicated cloud controller—someone who understands the intricacies of cloud usage and can manage spending trends—is essential.
To read more about rising cloud costs, check out the CIO article here and our full report here.