The proliferation of cloud computing has fundamentally reshaped how enterprises handle their critical workloads, transforming the cloud into a strategic tool and business enabler. Hyperscalers — cloud service providers that offer scalable, flexible cloud computing solutions — such as Amazon Web Services, Microsoft Azure, and Google Cloud have revolutionized scalability and flexibility. Organizations can now deploy applications and services with unprecedented speed. This ease of deployment, coupled with responsible cloud economics, has empowered enterprises to reinvest in growth, new capabilities, and innovation.
According to a July 2024 report by Wipro FullStride Cloud, 54% of surveyed organizations cite AI as the main driver of their cloud investments, and over half are increasing investments in both hybrid cloud (54%) and public cloud (56%). Effective cloud cost management strategies are essential for addressing this trend and garnering better financial control and resource allocation.
In the AI era, leading enterprises are leveraging cloud economics to reinvent themselves. The Wipro FullStride Cloud report shows that investments in the cloud are accelerating data migration and the adoption of AI tools and platforms. By strategically managing cloud expenditures, businesses can unlock new services, experiences, and capabilities that drive innovation and competitive advantage. Cloud economics allow enterprises to operate with flexibility and resilience to deliver value faster and more securely.
