Latest news with #BeckyTrevino
Yahoo
18-06-2025
- Business
- Yahoo
IT Teams are Losing Visibility as Tech Cost Pressures Mount, According to Flexera 2025 State of ITAM Report
New industry report highlights growing SaaS waste, persisting audit costs and evolving priorities as ITAM teams navigate increasing financial scrutiny ITASCA, Ill., June 18, 2025 (GLOBE NEWSWIRE) -- Flexera, the global leader in technology spend and risk management, today released the Flexera 2025 State of ITAM Report, which reveals a concerning decline in complete visibility across the technology stack - down to 43% from 47% year-over-year. Yet, as pressure mounts to optimize costs, the collaboration of IT asset management (ITAM) with cloud (44%) and FinOps (38%) teams is on the rise, suggesting that ITAM teams are increasingly working across organizational silos to address comprehensive visibility challenges, increase financial accountability and drive operational efficiency. Flexera's annual report surveys global IT professionals to explore how the evolution of ITAM, FinOps, security, software asset management (SAM) and hardware asset management (HAM) teams influences the value they deliver. It also examines IT investment trends across public, hybrid, and SaaS technologies. 'Complete visibility across IT assets is foundational to every good technology decision,' said Becky Trevino, Chief Product Officer at Flexera. 'The fact that it's slipping at a time when organizations are under intense pressure to rationalize costs is a real concern. You can't optimize what you can't see and without clear insight into the entire technology stack, it's nearly impossible to eliminate waste, ensure compliance, or make cost-effective investment decisions. This year's report showcases why the collaboration between ITAM and FinOps is no longer optional—it's a strategic imperative.' Highlights from the latest Flexera State of ITAM Report include: Minimizing SaaS sprawl is an increasing imperative: Thirty-five percent of respondents say SaaS waste has increased over the past year, suggesting that the financial impact of underutilized SaaS subscriptions is taking a toll on budgets. In addition, SAM professionals are doubling down on SaaS oversight, with 59% actively tracking usage and 56% rightsizing contracts and subscriptions to eliminate unnecessary spend. Software use rights take the spotlight: The report also highlights a dramatic rise in the challenge of managing software use rights—now ranked as the number one concern for SAM teams, up from sixth place just a year ago. This surge is largely attributed to the growing complexity of cloud-based licensing models and the rapid migration of enterprise resources to cloud environments. Audits still plague organizations (and their bottom line): Nearly half (45%) of surveyed organizations report spending over $1 million on software audits over the past three years, a figure one percentage point less than 2024. Twenty-three percent of organizations spent more than $5 million on audits in 2025, a slight increase from 2024. The findings suggest that the intricacies of software use rights and the continued shift to the cloud are keeping audit defense high on the agenda of IT teams. Microsoft continues audit streak: Half of respondents said Microsoft audited their organization in the past three years. The tech giant has remained at the top of this list for the past several reports, followed closely by IBM (37%). There was a slight increase in audits reported from SAP (32%) and ServiceNow (21%) compared to last year's findings. Adobe (24%) remained unchanged, but Oracle decreased from 31% to 24% and Salesforce dropped from 25% to 20% year over year. This year's findings underscore the urgent need for smarter, more agile SAM strategies as organizations strive to balance innovation with fiscal responsibility. 'The role of ITAM is shifting from operational to transformational,' said Phil Perfetti, senior product marketing manager at Flexera. 'While visibility into cloud licenses is gradually improving, the complexity of managing hybrid IT environments is also increasing, and any serious blind spots are a problem that modern organizations can no longer afford.' The full survey results are available in the Flexera 2025 State of ITAM Report, which explores the thinking of 506 global IT professionals across industries and context areas. To download the full report, please visit: Follow Flexera on LinkedIn on X (formerly Twitter) on Instagram About Flexera Flexera helps organizations understand and maximize the value of their technology, saving billions of dollars in wasted spend. Powered by the Flexera Technology Intelligence Platform, our award-winning IT asset management, FinOps and SaaS management solutions provide comprehensive visibility and actionable insights on an organization's entire IT ecosystem. This intelligence enables IT, finance, procurement, FinOps and cloud teams to address skyrocketing costs, optimize spend, mitigate risk and identify opportunities to create positive business outcomes. More than 50,000 global organizations rely on Flexera and its Technopedia reference library, the largest repository of technology asset data. Learn more at For more information, contact: Ciri HaughFlexerapublicrelations@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Channel Post MEA
24-03-2025
- Business
- Channel Post MEA
84% of Organizations Struggle to Manage Cloud Spend
Flexera has announced the release of its 2025 State of the Cloud Report. The 14th annual report, which polled more than 750 technical professionals and executive leaders worldwide who were involved in the use of cloud, uncovered that 84% of respondents believe that managing cloud spend is the top cloud challenge for organizations today. With cloud spend expected to increase by 28% in the coming year, the report findings suggest that many respondents are rethinking their existing cloud cost management strategies. As organizations continue to invest in artificial intelligence (AI), nearly one-third (33%) of organizations are spending more than $12 million annually on the public cloud alone. With cloud budgets already exceeding limits by 17%, organizations are increasingly turning to managed service providers (60%) and expanding use of their FinOps teams to regain control over spending (59%). In fact, the number of respondents that use, or plan to use, a FinOps team increased by eight percentage points year over year. 'AI is in its prime with no indication of losing momentum,' said Jay Litkey, Senior Vice President of Cloud and FinOps at Flexera and Governing Board Member at the FinOps Foundation. 'I suspect we'll see further acceleration of AI use as more organizations embrace their own AI investments and technology vendors introduce agentic AI into their existing toolsets. To stay on budget and accurately forecast for future needs, organizations need to fine-tune how to track and manage their cloud spend and use with FinOps now—or risk a significantly wasted investment.' While estimated wasted cloud spend is falling, the adoption of AI-related public cloud services is rising. In addition to an increase in the use of data warehouse services (76%), often leveraged to feed AI models, generative AI (GenAI) public cloud services use is booming with 72% of organizations reportedly using the technology either extensively or sparingly, as compared to 47% in 2024. 'FinOps is taking center stage as many enterprises prepare for the onslaught of AI services to eat away at their cloud resources and budgets,' said Becky Trevino, Chief Product Officer at Flexera. 'As we're witnessing an increase in FinOps adoption, we're simultaneously seeing estimated wasted cloud spend trending downward. This illustrates the power and promise of FinOps practices, proving it is a winning strategy for organizations worldwide.' Additional key findings include: Cloud repatriation is starting to slowly unfold. Today, analysts and experts have indicated that some organizations are moving their workloads back to non-cloud environments (their own data centers and/or co-located/hosted environments). While this is beginning to happen, only a minority (21%) of cloud workloads have been repatriated. However, the ongoing migration to the cloud and net-new cloud workloads outstrip these cloud exits, resulting in continued cloud growth. Today, analysts and experts have indicated that some organizations are moving their workloads back to non-cloud environments (their own data centers and/or co-located/hosted environments). While this beginning to happen, only a minority (21%) of cloud workloads have been repatriated. However, the ongoing migration to the cloud and net-new cloud workloads outstrip these cloud exits, resulting in continued cloud growth. Cloud sustainability initiatives are becoming top-of-mind. Organizations are highly focused on fine-tuning their sustainability practices. Over half (57%) of respondents reported they have, or plan to have, a defined sustainability initiative in place within twelve months, including carbon footprint tracking of cloud use. Regardless, saving money is still top of mind given 57% said cost optimization takes priority over sustainability. Organizations are highly focused on fine-tuning their sustainability practices. Over half (57%) of respondents reported they have, or plan to have, a defined sustainability initiative in place within twelve months, including carbon footprint tracking of cloud use. Regardless, saving money is still top of mind given 57% said cost optimization takes priority over sustainability. Cost efficiency continues to be the shining metric. Eighty-seven percent of respondents indicated that cost efficiency/savings is the number one metric used for assessing progress against cloud goals for the sixth year in a row, a 22-point increase from 2024. Organizations are also focused on the volume of workloads migrated (up from 36% in 2024 to 78% in 2025), and cost avoidance, which saw an uptick from 28% to 64%. This continues to validate the narrative that more workloads are moving to—or being developed in—the cloud, making a case for increased cost optimization tools. Eighty-seven percent of respondents indicated that cost efficiency/savings is the number one metric used for assessing progress against cloud goals for the sixth year in a row, a 22-point increase from 2024. Organizations are also focused on the volume of workloads migrated (up from 36% in 2024 to 78% in 2025), and cost avoidance, which saw an uptick from 28% to 64%. This continues to validate the narrative that more workloads are moving to—or being developed in—the cloud, making a case for increased cost optimization tools. Organizations are extending the scope of cloud costs to SaaS and software licensing. Those responsible for managing cloud use and costs are increasingly expanding their world beyond public cloud (IaaS/PaaS) to more effectively balance costs, usage and future spend. Seventy-nine percent of respondents indicated that they are now involved in cloud software decisions, with 69% involved in managing use and/or cost of SaaS applications and 64% are managing the use and/or costs of cloud licenses (or software running in the cloud). Those responsible for managing cloud use and costs are increasingly expanding their world beyond public cloud (IaaS/PaaS) to more effectively balance costs, usage and future spend. Seventy-nine percent of respondents indicated that they are now involved in cloud software decisions, with 69% involved in managing use and/or cost of SaaS applications and 64% are managing the use and/or costs of cloud licenses (or software running in the cloud). Amazon Web Services (AWS) and Microsoft Azure competition remains heated. According to those surveyed, AWS and Azure continue to compete for the top spot regarding public cloud adoption. Recent data shows that AWS maintains a lead among SMBs—53% of SMBs reportedly use AWS, compared to 29% leveraging Azure. Google Cloud Platform holds the third spot, with just under half (46%) of all organizations running some or significant workloads on it. 0 0
Yahoo
19-03-2025
- Business
- Yahoo
New Flexera Report Finds that 84% of Organizations Struggle to Manage Cloud Spend
The 14th annual State of the Cloud reveals evolving strategies for managing cloud costs and efficiency ITASCA, Ill., March 19, 2025 (GLOBE NEWSWIRE) -- Flexera, the global leader in technology spend and risk management, today announced the release of its 2025 State of the Cloud Report. The 14th annual report, which polled more than 750 technical professionals and executive leaders worldwide who were involved in the use of cloud, uncovered that 84% of respondents believe that managing cloud spend is the top cloud challenge for organizations today. With cloud spend expected to increase by 28% in the coming year, the report findings suggest that many respondents are rethinking their existing cloud cost management strategies. As organizations continue to invest in artificial intelligence (AI), nearly one-third (33%) of organizations are spending more than $12 million annually on the public cloud alone. With cloud budgets already exceeding limits by 17%, organizations are increasingly turning to managed service providers (60%) and expanding use of their FinOps teams to regain control over spending (59%). In fact, the number of respondents that use, or plan to use, a FinOps team increased by eight percentage points year over year. 'AI is in its prime with no indication of losing momentum,' said Jay Litkey, Senior Vice President of Cloud and FinOps at Flexera and Governing Board Member at the FinOps Foundation. 'I suspect we'll see further acceleration of AI use as more organizations embrace their own AI investments and technology vendors introduce agentic AI into their existing toolsets. To stay on budget and accurately forecast for future needs, organizations need to fine-tune how to track and manage their cloud spend and use with FinOps now—or risk a significantly wasted investment.' While estimated wasted cloud spend is falling, the adoption of AI-related public cloud services is rising. In addition to an increase in the use of data warehouse services (76%), often leveraged to feed AI models, generative AI (GenAI) public cloud services use is booming with 72% of organizations reportedly using the technology either extensively or sparingly, as compared to 47% in 2024. 'FinOps is taking center stage as many enterprises prepare for the onslaught of AI services to eat away at their cloud resources and budgets,' said Becky Trevino, Chief Product Officer at Flexera. 'As we're witnessing an increase in FinOps adoption, we're simultaneously seeing estimated wasted cloud spend trending downward. This illustrates the power and promise of FinOps practices, proving it is a winning strategy for organizations worldwide.' Additional key findings include: Cloud repatriation is starting to slowly unfold. Today, analysts and experts have indicated that some organizations are moving their workloads back to non-cloud environments (their own data centers and/or co-located/hosted environments). While this is beginning to happen, only a minority (21%) of cloud workloads have been repatriated. However, the ongoing migration to the cloud and net-new cloud workloads outstrip these cloud exits, resulting in continued cloud growth. Cloud sustainability initiatives are becoming top-of-mind. Organizations are highly focused on fine-tuning their sustainability practices. Over half (57%) of respondents reported they have, or plan to have, a defined sustainability initiative in place within twelve months, including carbon footprint tracking of cloud use. Regardless, saving money is still top of mind given 57% said cost optimization takes priority over sustainability. Cost efficiency continues to be the shining metric. Eighty-seven percent of respondents indicated that cost efficiency/savings is the number one metric used for assessing progress against cloud goals for the sixth year in a row, a 22-point increase from 2024. Organizations are also focused on the volume of workloads migrated (up from 36% in 2024 to 78% in 2025), and cost avoidance, which saw an uptick from 28% to 64%. This continues to validate the narrative that more workloads are moving to—or being developed in—the cloud, making a case for increased cost optimization tools. Organizations are extending the scope of cloud costs to SaaS and software licensing. Those responsible for managing cloud use and costs are increasingly expanding their world beyond public cloud (IaaS/PaaS) to more effectively balance costs, usage and future spend. Seventy-nine percent of respondents indicated that they are now involved in cloud software decisions, with 69% involved in managing use and/or cost of SaaS applications and 64% are managing the use and/or costs of cloud licenses (or software running in the cloud). Amazon Web Services (AWS) and Microsoft Azure competition remains heated. According to those surveyed, AWS and Azure continue to compete for the top spot regarding public cloud adoption. Recent data shows that AWS maintains a lead among SMBs—53% of SMBs reportedly use AWS, compared to 29% leveraging Azure. Google Cloud Platform holds the third spot, with just under half (46%) of all organizations running some or significant workloads on it. For more information on the Flexera 2025 State of the Cloud report, please visit: Follow Flexera on LinkedIn on X (formerly Twitter) on Instagram About FlexeraFlexera helps organizations understand and maximize the value of their technology, saving billions of dollars in wasted spend. Powered by the Flexera Technology Intelligence Platform, our award-winning IT asset management, FinOps and SaaS management solutions provide comprehensive visibility and actionable insights on an organization's entire IT ecosystem. This intelligence enables IT, finance, procurement, FinOps and cloud teams to address skyrocketing costs, optimize spend, mitigate risk and identify opportunities to create positive business outcomes. More than 50,000 global organizations rely on Flexera and its Technopedia reference library, the largest repository of technology asset data. Learn more at For more information, contact:Ciri HaughFlexerapublicrelations@ in to access your portfolio
