🎤 Introduction:
Cloud waste costs $17.6 billion in 2021.In this infographic, we'll explore the different types of cloud waste and their impact.
🎤 Types of Cloud Waste:
Idle resources cost $6.4 billion per year.Over-provisioned instances cost $3.7 billion per year.
Unused storage cost $4.3 billion per year.
Orphaned resources cost $3.2 billion per year.
🎤 Causes of Cloud Waste:
Poor governance causes 35% of cloud waste.Lack of visibility causes 33% of cloud waste.
Lack of accountability causes 32% of cloud waste.
🎤 Impact of Cloud Waste:
Cloud waste negatively impacts an organization's bottom line.
Decreased profitability, reduced competitiveness, and wasted resources.
🎤 Solutions:
Rightsizing can reduce cloud waste by up to 50%.
Automation reduces human error and increases efficiency.
Regular monitoring helps to identify waste and take corrective action.
🎤 Benefits of Reducing Cloud Waste:
Reducing cloud waste saves money and improves efficiency.
It can contribute to environmental sustainability by reducing carbon emissions and resource consumption.
🎤 Conclusion:
Addressing cloud waste is critical for optimizing cloud usage and reducing costs.
Adopting solutions to reduce cloud waste leads to financial and operational excellence.
🎤 Sources:
2. The $6.4 billion per year cost of idle resources: This statistic is also from the same report by ParkMyCloud.
3. The $3.7 billion per year cost of over-provisioned instances: This statistic is from the 2020 report by Flexera titled "State of the Cloud Report".
4. The $4.3 billion per year cost of unused storage: This statistic is from the 2020 report by Flexera titled "State of the Cloud Report".
5. The $3.2 billion per year cost of orphaned resources: This statistic is from the 2020 report by ParkMyCloud titled "The State of the Cloud: AWS, Azure, and Multi-Cloud Edition".
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