Press release
Improved Cloud Spending Optimizes Move to Digital Business Offerings, According to CDW Canada Report
CDW Canada’s 2023 Hybrid Cloud Report found Canadian CEOs expect nearly half of their organization’s revenue to come from digital products, services or
About this update from Cdw Corporation
[{"type":"text","content":"\nCDW Canada’s 2023 Hybrid Cloud Report found Canadian CEOs expect nearly half of their organization’s revenue to come from digital products, services or experiences in the next five years, but current cloud spending needs to be maximized\n\n\n TORONTO--(BUSINESS WIRE)--\nToday, CDW Canada, a leading provider of technology solutions and services for Canadian organizations, released the 2023 Hybrid Cloud Report, which explores emerging trends and the state of hybrid cloud for Canadian organizations.\n\n\nOrganizations should be maximizing cloud spending\n\n\nOrganizations say the growing use of public cloud services will increase their ability to innovate, improve customer experience and deliver new products. The report found that Canadian CEOs expect nearly half (49 percent) of their organization’s revenue to come from digital products, services and/or experiences in the next five years.\n\n\nDespite the increasing reliance on cloud services, which enable Canadian organizations to stay competitive, Canadian public cloud IT spending has room for improvement. On average, 18 percent of all public cloud services spending annually in Canada is not being maximized, highlighting a crucial area of opportunity for Canadian organizations to properly resource their plans for future business offerings.\n\n\n“Hybrid, multicloud environments are the bedrock of collaborative business innovation,” said KJ Burke, Principal Technology Strategist, Hybrid Cloud at CDW Canada. “They are essential for supporting the increasingly pervasive digital business landscape and organizations must know how to refine their cloud spend and maximize their potential for future endeavours.”\n\n\nTo optimize cloud spending, organizations are turning to Financial Operations (FinOps), an evolving cloud financial management discipline designed to enable maximum business value. The report found that just over half (55 percent) of Canadian organizations surveyed have an individual or team dedicated to FinOps and as with any new discipline, those responsible for it are experiencing growing pains.\n\n\nThe top cited challenges faced by the person or team performing IT FinOps around cloud expenditure are:\n\n\n\nUnderstanding how to optimize cloud spend for architectural and business benefit (42 percent)\n\n\n\nAllocating cloud costs to the correct team (40 percent)\n\n\n\n...