Watch this 10-minute video for an insightful overview of the survey’s key findings and how HashiCorp can help your organization make the most of the cloud. The 2023 State of Cloud Strategy Survey, conducted by Forrester Consulting and commissioned by HashiCorp, surveyed nearly a thousand practitioners and decision makers from around the world to uncover insights about how organizations are adopting cloud technologies. Operational cloud maturity, defined as the adoption of a combination of technological and organizational best practices at scale, is crucial for successful multi-cloud adoption. Highly mature companies that combine technical and organizational best practices, such as platform teams, gain better outcomes in their cloud implementations. Cloud spending has increased by 56% over the past year, with highly mature organizations boosting their spending by an average of 16%. Platform teams are a key factor in achieving high maturity, with 92% of respondents adopting or scaling them. Security is a top barrier to multi-cloud adoption, but also a major benefit, as it can force security out of necessity and encourage organizations to create a unified security strategy. To achieve success, organizations must establish a platform team, leverage partners and services to overcome skill barriers, and prioritize security when approaching multi-cloud. By adopting these practices, companies can reach true multi-cloud maturity and reap the benefits of cloud adoption.