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In a volatile economy, companies everywhere are trying to cut costs. According to Business Insider, Selipsky is touting cloud computing as a cost savings opportunity for companies. “When it comes to the cloud, many of our customers know they have to move because of economic uncertainty, not in spite of it. The cloud is more cost effective. If someone wants to tighten their belt, the cloud is the best choice. place for it,” Selipski said.
Despite the optimism of the CEO, many clients are not convinced that cloud spending can be controlled. Pay-as-you-go cloud computing sounds great, but costs can rise quickly as companies start to scale.
“Especially in the last month and a half, we have seen an increase in the number of calls we receive from startups saying they need to drastically cut their costs. It’s because of macroeconomic conditions, right? it makes sense to spend money like a drunken sailor,” Ken told Insider. Cheney, chief financial officer of Ternary.
This is not the first time that costs have been a concern in the cloud computing space. In August, according to Anodot’s report on the state of cloud spending, 50% of CIOs said it was difficult to control cloud spending.
If costs aren’t carefully managed, it’s pretty easy to lose track of usage, especially for organizations with large development teams that move fast and tend to try new things. For DevOps teams, misconfigurations, overprovisioning, and neglected but abandoned resources are the scourge of cost management. Unfortunately, for many organizations, unexpected expenses only become apparent when the monthly bill arrives.
WebProNews writes that if companies continue to struggle with the cost of cloud computing, it will be difficult for AWS and other companies to convince customers to keep spending money.
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