The Cloud Waste Problem: How to Stop Overprovisioning Resources in 2023

Companies are expected to spend nearly $121.6 billion on IaaS (Infrastructure as a Service) in 2022, with much of this expenditure going towards overprovisioning and idle resources. The rapid growth of cloud computing is making it increasingly difficult for teams to accurately provision their resources, leading to significant waste. Automated optimization tools can help companies reduce costs while maintaining high levels of performance. Kubernetes, a popular container technology, has been found to be overprovisioned by up to 30% in many cases. Overprovisioning and idle resources are estimated to cost enterprises $43.3 billion in IaaS expenses in 2022. Automated capacity management solutions can help companies save an average of 63% on their Kubernetes bills, allowing teams to focus on higher priorities and reclaim valuable time.