35 %

of EMEA businesses satisfied with cloud providers

67 %

expect cloud costs to rise next year

82 %

The key, according to industry experts, is recognising that cloud migration is not just about technology but about fundamental business transformation. Organisations that treat it as merely an infrastructure exercise are likely to join the ranks of those experiencing budget overruns and disappointing returns.

As cloud spending continues to accelerate – with cloud budgets rising by a projected 28 % over the next year – the pressure to demonstrate value will only intensify. lack ROI tracking strategy for AI projects

30-32 %

average cloud waste in company budgets

69 %

of IT leaders saw budget overruns in 2023

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