{"id":100304,"date":"2024-03-12T17:57:48","date_gmt":"2024-03-12T17:57:48","guid":{"rendered":"https:\/\/www.cloudcomputing-news.net\/?p=100304"},"modified":"2025-04-23T08:57:29","modified_gmt":"2025-04-23T07:57:29","slug":"flexera-2024-state-of-the-cloud-cost-optimisation-finops-and-genai-key-takeaways","status":"publish","type":"post","link":"https:\/\/www.cloudcomputing-news.net\/news\/flexera-2024-state-of-the-cloud-cost-optimisation-finops-and-genai-key-takeaways\/","title":{"rendered":"Flexera 2024 State of the Cloud: Cost optimisation, FinOps and GenAI key takeaways"},"content":{"rendered":"\n

Flexera has admitted that 2024 is a \u2018complex\u2019 year for cloud adoption as the company publishes its latest State of the Cloud report \u2013 and while cost optimisation remains key, sustainability<\/a> is slowly emerging as an important differentiator.<\/p>\n\n\n\n

The report \u2013 the 13th \u2013 is often regarded as a benchmark study for the industry, with the IT and cloud management provider polling more than 750 decision makers around usage and trends.<\/p>\n\n\n\n

Some trends are practically at the point of saturation; 89% of respondents had a multi-cloud setup \u2013 up two percentage points from the year before \u2013 with almost three quarters (73%) of overall respondents using hybrid cloud. AWS was used by 78% of those polled, with half of overall respondents (49%) running significant workloads. For Azure, it was 80% and 45% respectively.<\/p>\n\n\n\n

When it came to priorities between cost optimisation and sustainability, 59% of decision makers said cost optimisation was the primary consideration. Only 8% said sustainability and reducing their carbon footprint; yet 29% of respondents said both were of equal priority. Almost half of those polled (48%) said they had already defined sustainability initiatives, including tracking the carbon footprint of cloud usage.<\/p>\n\n\n\n

A full quarter of respondents said they were using generative AI services from public cloud providers. 22% used them sparingly and 38% said they were experimenting. Flexera noted that \u2018nearly all\u2019 platform as a service (PaaS) offerings saw a gain in usage.<\/p>\n\n\n\n

The strong focus on cost optimisation means that organisations are turning to FinOps tools in order to help. 57% of respondents overall use multi-cloud FinOps tools. More than half (51%) of those polled said they had a FinOps team to in part manage, advise, or execute on cloud cost optimisation strategies. A further 20% said they were planning to implement this in the next 12 months. <\/p>\n\n\n\n

With regard to where responsibility lies for cloud spend (below), there was an interesting data point. Governing cloud usage and costs – be they IaaS or PaaS – was the responsibility of specific cloud teams (52%) and infrastructure\/Ops teams (53%) at largely the same rate. But for specifically optimising cloud spend, the difference – 42% cloud teams, 56% infrastructure\/Ops teams – was significant.<\/p>\n\n\n\n

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