HashiCorp 2024 State of Cloud Strategy Survey shows the path to cloud success requires platform engineering capabilities

Core Insights - HashiCorp released its 2024 State of Cloud Strategy Survey, revealing that only 8% of organizations have highly mature cloud programs despite increasing cloud adoption [2][8] - The survey indicates that organizations with high cloud maturity experience benefits such as increased productivity, stronger security, and reduced cloud costs [8] General Cloud Programs - Highly mature organizations implement standardized shared services for infrastructure and security lifecycle management, with 67% delivering these services through a platform team [3] - Centralized management and automation in these organizations lead to better returns on cloud investments, with less waste despite higher spending [3] Infrastructure Lifecycle Management - Highly mature cloud organizations adopt a holistic approach to manage critical applications across the entire infrastructure lifecycle, enhancing developer velocity and reducing risk [4] Security Lifecycle Management - 86% of high-maturity organizations report improved security in the cloud, with security being a key factor for cloud infrastructure success [5][10] Survey Findings - 66% of respondents increased cloud infrastructure spending in the past year, but 91% experienced some level of cloud waste [9] - 64% of highly mature respondents face a shortage of skilled staff, yet 67% rely on platform teams to maximize team impact [9] - 70% of all respondents, and 85% of highly mature organizations, are utilizing or planning to use AI for cloud infrastructure [9] Platform Teams - 95% of respondents have initiated the establishment of platform teams, but only 42% fully rely on them for standardizing cloud operations [12] - High-maturity organizations are twice as likely to have standardized on platform teams compared to their lower-maturity counterparts [12]