The Civo Cost of Cloud Report 2024 shows how rising prices and hidden fees from hyperscalers strain organizations. 59% saw higher cloud spend in the past year, with 37% facing increases above 25%. Hyperscaler dominance creates lock-in, unpredictable bills, and surging GPU costs—A100 instances cost nearly 2x more than Civo’s. Environmental impacts add pressure: European data center water use is set to triple by 2030. Alternatives like Civo promise 66% savings, transparency, and flexibility. Best practices include FinOps, multi-cloud adoption, and cost pillars: Observe, Enact, Automate, and Maintain Consistency.

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