How tech leaders are rethinking their cloud strategies in the face of fast-rising costs

photo portrait of a middle aged man wearing a suit and tie (Credit: Courtesy of Johnson & Johnson)

For more than a decade, IT departments have been quickly increasing their spending on cloud computing to hundreds of billions of dollars annually. That’s led some tech leaders, including Akamai Technologies chief technology officer Robert Blumofe, to rethink their cloud strategies.

“Our approach has evolved considerably, and in ways that are fairly consistent from what I hear from our customers, some of whom are Fortune 500 [companies],” says Blumofe.