Our analysis of the top cloud providers’ most recent earnings statements shows that the best near-term opportunity for technology leaders is to reduce cloud sprawl and contain spending. Slower growth has cloud providers looking to retain the loyalty of longtime customers by proposing ways to help them cut costs rather than keep workloads on their own premises or shift those workloads to another cloud. Technology executives can then use those savings to position themselves to invest in the coming wave of AI-infused cloud services.