Cloud Adoption Soars as Organizations Navigate Challenges

Companies are using the cloud more than ever and they're also spending more than ever before, Flexera's State of the Cloud Report reveals.

Sean Michael Kerner, IT Consultant, IT Consultant

March 15, 2024

2 Min Read
Cloud Adoption Soars as Organizations Navigate Challenges
(Credit: Chin Leong Teoh / Alamy Stock Photo)

Flexera has released its 13th annual State of the Cloud Report, shedding light on the evolving cloud landscape and the challenges that organizations worldwide are facing.

While this is the 13th version of the report, it is the first with the Flexera name, as cloud optimization and management vendor Snow Software, which Flexera acquired on Feb. 15, conducted the previous versions.

Public cloud adoption continues to accelerate, with 29% of all respondents spending more than $12 million annually on public cloud services. This is a significant increase from the previous year's report. Additionally, nearly a quarter of respondents are spending the same amount on software-as-a-service (SaaS) solutions, highlighting the growing importance of cloud-based software in modern organizations. The report also revealed that organizations are increasingly adopting multi-cloud strategies, with 89% of respondents reporting the use of multiple cloud providers.

The report, based on a survey of 753 cloud decision-makers and users, highlights the following key findings:

  • 89% of respondents have embraced a multi-cloud strategy, up from 87% last year.

  • 29% of all respondents are spending more than $12 million annually on public cloud.

  • 63% of organizations have a Cloud Center of Excellence (CCOE).

  • 51% of organizations have a FinOps team.

  • 49% of respondents use AWS for significant workloads, while 45% use Microsoft Azure.

“The biggest surprise we saw in this year's survey results was that AI's actual use was lower than I expected," Brian Adler, senior director of cloud market strategy at Flexera, told ITPro Today.

Forty-one percent of the respondents said they are currently using artificial intelligence/machine learning (AI/ML); however, nearly half, 49%, are experimenting and planning to use ML/AL platform-as-a-service (PaaS) services.

Read the rest of this article on ITPro Today.

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About the Author(s)

Sean Michael Kerner, IT Consultant

IT Consultant

Sean Michael Kerner is an IT consultant, technology enthusiast and tinkerer. He consults to industry and media organizations on technology issues.

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