The pandemic applied pressure on organizations to accelerate investments in cloud infrastructure, creating $17.6 billion in wasted cloud spend in 2020 alone. In 2022, organizations are reevaluating their decisions over the past two years and determining new strategies on how they will engage with the cloud.

Today’s leading TEM providers have expanded their expertise beyond telecom and into many other aspects of an organization’s technology spend. This includes managing the expenses and contracts for cloud architecture.

AI-powered TEM technology can automatically upload invoices, contracts and usage data to bring multi-cloud platforms into a single pane of glass.