In this data-driven report, based on our scanning of over 200,000 cloud accounts, including more than 30% of the Fortune 100 environments, we analyze the latest industry trends and developments, presenting a factual and data-based assessment of the current state and progression of cloud technology. We examine how the cloud has evolved over the past year and attempt to shed light on some of the complexity of cloud environments, including aspects such as organizational usage of multi-cloud and both managed and non-managed services.