Honestly, using the cloud to "right provision" can save a company money or at least give them great flexibility.
The problem? Companies over provision in the cloud and most of that goes unused.
When it's cheap and easy to spin a new instance under load but later no one cares about doing capacity analysis, you end up paying for way more than you need. That's where the money goes.
I don't have a soul, so probably I remain the same.