#cloud spending

Discover how Amazon surpassed expectations by reporting better-than-expected results in the first quarter of 2023, with a net profit of $3.2 billion on net sales of $127 billion.

Introduction: Amazon, the e-commerce giant, reported better-than-expected results for the first quarter of 2023. Despite struggling to live up to expectations in 2022, Amazon surpassed analyst expectations with a net profit of $3.2 billion on net sales of $127 billion. The company’s CEO, Andy Jassy, credited the strong performance to the company’s delivery speed, advertising growth, and improved…

The quandary of Kubernetes: How Rafay is helping curb cloud spending

Rafay — a Kubernetes management and operations platform — launched Cost Management Service, a new tool intended to provide real-time visibility and allocation of Kubernetes cloud costs. Read More

With proper cost management, cloud investments may be made at lower prices, increasing returns. You can get the most out of your cloud solution if you utilise the right tool, ensure that costs are tracked, and take precautions. Money advisors, business owners or managers, and app developers should all be on the same page to achieve optimal cost savings. Be mindful of the basics of cost management in all of your actions. You can get everyone in your company involved in a cost management lifecycle by dividing it down into the following steps.

Plan ahead – Build a strategy that ensures that the public cloud meets all of your business size. Determine your needs, then choose the appropriate services and infrastructure networks.

Ensure visibility– Users of the resources for which they are responsible will be made more aware by structured cost management, which in turn will lead to more efficient use of those resources.

Be accountable – If you have the right people in charge of your cloud resources, you can better control and manage your cloud expenditure.

Optimize – Having a strategy and better understanding of cloud expenses will allow you to make informed choices about things like licence acquisition and infrastructure upgrades.

Report: 81% of IT teams directed to reduce or halt cloud spending by C-suite

As orgs are feeling increased financial strain, many are reevaluating their digital ambitions and putting cloud spending under the microscope.Read More

Global Public Cloud Spending to Reach $500 Billion this Year

Worldwide end-user spending on public cloud services is forecast to grow 20.4 percent year-over-year in 2022 to $494.7 billion, up from $410.9 billion in 2021, according to the latest forecast from market-research firm Gartner, Inc. In 2023, end-user spending is expected to reach nearly $600 billion. According to  Sid Nag, research vice president at Gartner, “Cloud is the powerhouse that drives…

According to the International Data Corporation (IDC) Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment, spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, increased 13.5 percent year-over-year in the fourth quarter of 2021 (4Q21) to $21.1 billion.  This marked the second consecutive…