CloudZero

The 2024 State Of Cloud Cost Report is now live! Highlights include: 👉 Engineering ownership equals a better understanding of cloud cost. Data points to a positive correlation between engineering ownership and better business outcomes, like greater confidence in reporting accuracy. 81% of respondents said their cloud costs are “about where they should be” when engineering has some level of ownership. 👉 Job stability concerns tied to cloud costs. 75% of employees said they fear losing their jobs if cloud costs abruptly surge by 50% or more. This unease is heightened among employees at larger companies, with 100% of those at organizations with over 9,000 personnel fearing their positions are vulnerable. 👉 There’s been a shift in cloud cost attribution confidence. In 2022, public companies fared worse than venture-backed or private equity-owned companies when it came to cost attribution. But in 2024, venture-backed companies report having the least confidence in attributing cloud spend (32%). 👉 Nearly nine in 10 respondents say poor cost visibility affects their ability to perform. Not only does low cost visibility cause a lot of disruption, but it also has a big impact on job performance. A whopping 89% of respondents said that lack of cloud cost visibility has an impact on their ability to carry out their role. Just under half report a significant impact, while only 11% said it has no impact at all. The survey is available for viewing here: https://lnkd.in/esnEwbBX #Cloud #FinOps #SaaS

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It's crucial to put cloud cost metrics front and center for both engineers and their business partners. Keeping costs at the forefront of daily engineering activities and investing in cost visibility can deliver a return on investment that often far outweighs the expense. If you can’t measure it, you can’t manage it. Plain and simple. #Cloud #FinOps #DevOps #FrugalArchitect #WernerVogels

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Data transfers feel like hidden costs for many cloud users. Here is how AWS egress costs work – and how to prevent overspending on data transfers. https://bit.ly/3xXXzrG #AWS #AWSEgress #EgressCosts

AI spending is on the rise! 📈 Earlier this week our co-founder, Erik Peterson, spoke at the AWS NYC Summit 2024 alongside Dr. Anne Jude Hunt about the positive impact AI innovation is already having on our world, and how businesses who are investing in AI/ML can proactively manage the costs of their innovative breakthroughs. If you weren’t able to make it to the summit, don’t fret. Erik Peterson’s latest blog post quickly dives into the very same topic, giving two strategies for managing and optimizing AI costs effectively. Whether it's short-term allocation or long-term efficiency, learn how to stay ahead in this competitive landscape. Read more: https://bit.ly/4eWDZNh #AI #Innovation #TechTrends #AWSSummit #FinOps

Before the cloud, software engineers had to reinvent the wheel anytime they wanted to build anything new. Cloud architect Allan Vermeulen discusses these challenges — and how they led his team at Amazon to develop AWS. https://bit.ly/3UNUgwk #CloudCost #AWS #CloudAtlas

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