The cloud is expensive and CIOs are waiting for the return on investment

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Many companies and organizations have switched to the cloud to save money, but CIOs say their costs are increasing as they migrate to the new technology. The Wall Street Journal reported September 29.

Cloud computing is promoted as a cost-saving mechanism that offers nearly unlimited computing capacity with a pay-as-you-go pricing model. However, some CIOs say storing data in their own data centers has been more cost-effective than the cloud.

According to the article, the rising costs come from organizations turning to multiple cloud providers for different systems and applications for different lines of business.

This, in turn, has increased the cost for technology executives.

According to professional firm KPMG, around 67 percent of 1,000 senior technology leaders in US companies across all industries said they are yet to see a significant return on cloud investments.





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