Smart Cities Dive November 17, 2022
Dive Brief:
- Headwinds to economic growth will intensify scrutiny of spending on cloud computing in coming months and trigger efforts to identify waste, McKinsey predicted in a report.
- “With the macroeconomic environment becoming increasingly challenging and company leaders looking for ways to achieve higher business resiliency, CIOs and CTOs can expect uncomfortable questions about the costs of their cloud programs,” according to McKinsey. “CIOs may soon find their cloud programs on the chopping block.”
- Many companies in recent years have pushed up annual spending on the cloud by as much as 30%, McKinsey said. A detailed review of cloud programs that follows five cost-cutting principles can often lead to quick spending reductions ranging from 15% to 25%.
...
Today's Sponsors
Today's Sponsor