Autoscaling enables cloud users to change compute requirements by dynamically adjusting resource utilization consumption as demand increases or decreases. Autoscaling is an important capability for users because it enables them to enjoy the extremely elastic and scalable nature of the cloud, reduce waste, and optimize their spend.
However, a study conducted at the company I work for, Pepperdata, found that, instead of reducing their operational spend, one-third of enterprises that moved to the cloud are overspending on their budgets by up to 40%.Why is this so?