Over the past few years, in response to the pandemic, customers’ changing needs, and increased competitive forces, tech leaders scrambled to adopt new technologies and transition business models. For many, this meant rushing to cloud adoption and quick expansion. However, in the race to innovate, create differentiation, and adapt with agility, many tech leaders overlooked spend management, governance, and usage control. In light of ongoing financial uncertainty and tech market turmoil, tech leaders must take a different position with cloud spend. In this report, we provide tech leaders with 10 specific techniques for lowering cloud spend without compromising its business benefits.