HashiCorp's new State of Cloud Strategy survey reveals that 86% of respondents rely on cloud platform teams for strategic and operational cloud responsibilities. These teams, which typically include engineers who provision, run, and manage cloud infrastructure, create highly automated platforms available on-demand across the organization. The survey highlights several challenges associated with multi-cloud environments, including different cloud service providers having different APIs, skills shortages, cultural transformation issues, governance difficulties, cost optimization problems, and business leaders trusting platform teams to address these challenges. Platform teams are responsible for standardizing cloud services, developing and distributing best practices, creating cloud management and operational policies, centralizing cloud security and compliance, keeping up with the fast pace of changes in cloud service options, and ensuring cloud operations. Despite an 86% adoption rate, industry leaders should continue to invest in platform teams to mitigate people- and process-themed challenges, assess specific gaps in technology within their organization, and find ways to scale their impact.