Alex Russell, Nutanix

Moving to the cloud can save businesses money, but the reality is that without a good cost optimisation strategy, overspending can occur. Stacklet’s ‘State of Cloud Usage Optimisation 2024’ shows that companies are losing billions in cloud waste every year. More than three-quarters (78%) of the respondents estimated that up to 50% of their cloud spend is underutilised.

Cloud is easy to mismanage, but there are multiple solutions to get costs under control. All the hyperscalers have free native cloud management tools. AWS has Cost Explorer, which provides detailed insights into AWS spending. There is also Azure Cost Management, which helps optimise Azure cloud costs, and Google Cloud’s Cost Management Tools, which offer tools for tracking cloud expenses.