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Quantified by Gartner, worldwide IT spending will reach about $5.267 billion in 2024, putting companies under increasing pressure to control and optimize these expenses. With IT services alone estimated to exceed $1.617 billion, and more than half of this allocated to cloud services, it is imperative that organizations adopt efficient processes to manage IT costs. The rapid deployment of cloud services, particularly SaaS, PaaS, and IaaS, as well as the transformative impact of AI, is creating a highly complex landscape for efficient cost management . For Cloud only services, unappropriate usages represent a significant financial impact (~30%) ,meaning $233 billion in cloud spend would be “wasted” by 2024.
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