254 ‎Oct 18, 2019 02:01 PM: View All ≫ Activity Feed. The enterprise is moving headlong into digital transformation, with a prediction of 83% of enterprise workloads in the cloud by this year. Flexera, the company that helps organizations realize technology’s power to accelerate their business, announces the findings of the Flexera 2020 State of Tech Spend Report. Flexera, the company that helps organizations maximize business value from their technology investments, today releases the findings of the Flexera 2020 State of the Cloud Report. Cloud migration ranks among the top three IT initiatives for organizations of all kinds, but too much technology spend is going to waste, according to new research from software firm Flexera.. Survey respondents estimated that 12% of their overall IT money (not just cloud) ends up down the drain, Flexera found in its first-ever 2020 State of Tech Spend Report. Got a Kudo for FNMS Evidence Mapping - why & how applications are recognized. The Flexera 2020 State of the Cloud Report: Adoption and Tech Trends By James Maguire , Posted May 6, 2020 Based on a user survey, the annual cloud report offers a comprehensive view of the current cloud market, detailing challenges, adoption trends, technology usage, costs and more. The 2020 Flexera State of Tech Spend Report uncovered what’s trending in large and medium enterprises, illuminating issues that should be on an IT professional’s radar. The 2020 Flexera State of Tech Spend Report uncovered what’s trending in large and medium enterprises, illuminating issues that should be on an IT professional’s radar. But they don’t track shifts in enterprise IT spend to technologies driving business transformation. In the Flexera 2020 State of Tech Spend report, we identified IT spending by industry across financial services, retail, healthcare, software, services, hosting, industrial and consumer products, transportation and logistics. 2020 State of Tech Spend Report The Flexera 2020 State of Tech Spend Survey provides granular data and insights into how companies are spending on technology, the major initiatives they are investing in, how they are tracking and managing IT spend The report highlights how companies are shifting spending to support their critical IT initiatives, how they’re tracking and managing IT spend, and the challenges they face in optimizing spend. Respondents selected for the survey were executives and high-level managers in IT with visibility into their organizations’ overall IT budgets. Cloud Spend Exceeds Budgets as Organizations Expect Increased Cloud Use Due to COVID-19 . Large enterprise organizations, in virtually every industry and every region around the world, are investing heavily in technology to drive growth and increase competitiveness. There are many technology budget and spend reports that provide a high-level perspective. The first annual Flexera 2020 State of Tech Spend Report provides insight into current and future technology spend from the perspective of enterprise CIOs and IT executives. “Optimizing IT spend offers a major opportunity to redirect savings to invest in high-priority transformational initiatives,” states the Flexera 2020 State of Tech Spend Report.. The first annual Flexera 2020 State of Tech Spend Report provides insight into current and future technology spend from the perspective of enterprise CIOs and IT executives. 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