When calculating the total cost of ownership, organizations often forget to include ongoing cloud maintenance costs. Because cloud storage is an intangible product, it can be easy to forget to include, but it is essential to remember it as a significant expense. Additionally, companies are globally overpaying for cloud services. According to Business Insider, companies are overpaying an average of 36% more for cloud services than they should be. And more than 80% of in-house data centers have more server capacity than is necessary - meaning that most companies are overpaying for storage that they are not fully utilizing. The primary reason for this misused spending is that most businesses do not consider all of their options when paying for cloud management services, but many options can lower your costs and better fit your needs.