CIOs are rethinking how they use public cloud services. Heres why. [Video]

Cost, data privacy, and performance issues have IT executives reassessing what should go into multi-tenant public cloud services.

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Over the past few years, enterprises have strived to move as much as possible as quickly as possible to the public cloud to minimize CapEx and save money. Increasingly, however, CIOs are reviewing and rationalizing those investments. Are they truly enhancing productivity and reducing costs?

“In the rush to the public cloud, a lot of people didn’t think about pricing,” says Tracy Woo, principal analyst at Forrester. And for some organizations, annual cloud spend has increased dramatically. “Cloud spending is going up and budgets are tightening, so they’re asking what’s going on and how do we right this ship.”

In 2025, the plan, according to Ron Hollowell, SVP and CTO at Reinsurance Group of America (RGA), is to focus on right-sizing their public cloud footprint by maturing processes around work intake, distribution criteria, …