The average estimated cloud waste sits at nearly a quarter of total spend, equal to 23% of cloud expenditure.

24% of organizations pursue re-platforming or application modernization initiatives to manage cloud costs.

40% of CFOs list reducing overall cloud costs as a top financial priority.

More than two-thirds of CFOs estimate that up to 30% of their cloud spend is wasted.

43% of CFOs say AI is adding new layers of workload complexity that complicate forecasting and cost control.

29% of organizations use workload or infrastructure optimization vendors to manage cloud costs.

One-third of U.S. CFOs and senior finance leaders describe their cloud spending increase as "significant."

9% of U.S. CFOs and senior finance leaders say their cloud spend is staying flat.

88% of U.S. CFOs and senior finance leaders report that their cloud spending is increasing.

66% of CFOs say cloud spend has become a board-level issue.

39% of CFOs prioritize reducing overall cloud costs as a top cloud-related priority for the next 12 months.