HashiCorp's 2022 State of Cloud Strategy Survey reveals that 94% of organizations have avoidable cloud spending, with common causes including idle or underutilized resources, overprovisioned resources, and lack of needed skills. This can lead to significant costs due to unmanaged cloud infrastructure, reduced developer productivity, security risks, and wasted spend. However, HashiCorp's Terraform can help optimize cloud spending by providing efficient provisioning and infrastructure lifecycle management throughout the infrastructure automation journey. By adopting Terraform, organizations can reduce their cloud spend by more than 20% through real-time control, proactive policy enforcement, reduction of unnecessary resources, elimination of manual processes, and centralized management across technologies.