New York Tech Media
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital
No Result
View All Result
New York Tech Media
No Result
View All Result
Home Cybersecurity

Visibility is key to optimized cloud infrastructure costs

New York Tech Editorial Team by New York Tech Editorial Team
February 21, 2022
in Cybersecurity
0
What are the barriers to moving legacy data to the cloud?
Share on FacebookShare on Twitter

ESG surveyed IT, DevOps, and AppDev professionals responsible for evaluating, purchasing, managing, and building application infrastructure. Out of 357 professionals, 64% agree that the adoption of public cloud or multiple public cloud providers has made observability significantly more difficult; this increases to 74% for the technology industry.

cloud difficult observability

The survey results highlight a strong need to gain better visibility into cloud costs while reducing the burden to the affected DevOps / IT teams that are responsible for those costs.

The promise of the cloud has always been scalability and flexibility of deployment models, and many organizations have realized those benefits. But as multi-cloud adoption has accelerated – 71% of organizations leverage more than 3 cloud infrastructure providers – it has become significantly more challenging to track, understand, and properly attribute cloud costs to their appropriate teams.

In the survey, 84% of organizations said that tracking costs and cloud cost allocation is burdensome and time-consuming, especially in tech industries, where 33% find it extremely burdensome.

“Gaining visibility into cloud costs is the first step for enterprises who want to optimize the cost of their cloud infrastructure,” said Scott Sinclair, Practice Director for ESG who led the research study. “Organizations need to operate on average 57% faster than three years ago. Trying to optimize cloud costs at that speed without the aid of a third-party tool leaves many enterprises ill-equipped to have total visibility into their cloud spend and cost attribution, especially for today’s modern architectures and containerized applications.

Sixty-one percent agree that they lack sufficient visibility into which teams own what cloud resources; this increases to 72% for the tech industry. Twenty-four percent of organizations who are considering making changes to their monitoring and observability practices are seeing their infrastructure costs scaling too quickly, leading to the need to make changes in their observability practices.

“The survey findings are consistent with our experience that enterprises are realizing significant ongoing savings from cloud cost optimization tools,” said Asim Razzaq, CEO, Yotascale. “Our customers have been able to see savings of up to 50% on their cloud costs and continue to see these benefits over time as Yotascale keeps up to date with infrastructure costs and usage. Cloud cost optimization isn’t something that you can cross off your to-do list. It is a dynamic process that requires continuous optimization, engineering empowerment and actionable recommendations based on data that teams can trust.”

Credit: Source link

Previous Post

Saudi FinTech EdfaPay Raises $1.6 Million

Next Post

NA Robotics competition attracts 30 teams from throughout the region

New York Tech Editorial Team

New York Tech Editorial Team

New York Tech Media is a leading news publication that aims to provide the latest tech news, fintech, AI & robotics, cybersecurity, startups & leaders, venture capital, and much more!

Next Post
NA Robotics competition attracts 30 teams from throughout the region

NA Robotics competition attracts 30 teams from throughout the region

  • Trending
  • Comments
  • Latest
Meet the Top 10 K-Pop Artists Taking Over 2024

Meet the Top 10 K-Pop Artists Taking Over 2024

March 17, 2024
Panther for AWS allows security teams to monitor their AWS infrastructure in real-time

Many businesses lack a formal ransomware plan

March 29, 2022
Zach Mulcahey, 25 | Cover Story | Style Weekly

Zach Mulcahey, 25 | Cover Story | Style Weekly

March 29, 2022
How To Pitch The Investor: Ronen Menipaz, Founder of M51

How To Pitch The Investor: Ronen Menipaz, Founder of M51

March 29, 2022
10 Raunchy Movies on Netflix You Won’t Regret Watching

10 Raunchy Movies on Netflix You Won’t Regret Watching

May 20, 2024
Japanese Space Industry Startup “Synspective” Raises US $100 Million in Funding

Japanese Space Industry Startup “Synspective” Raises US $100 Million in Funding

March 29, 2022
Startups On Demand: renovai is the Netflix of Online Shopping

Startups On Demand: renovai is the Netflix of Online Shopping

2
Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

Robot Company Offers $200K for Right to Use One Applicant’s Face and Voice ‘Forever’

1
Menashe Shani Accessibility High Tech on the low

Revolutionizing Accessibility: The Story of Purple Lens

1

Netgear announces a $1,500 Wi-Fi 6E mesh router

0
These apps let you customize Windows 11 to bring the taskbar back to life

These apps let you customize Windows 11 to bring the taskbar back to life

0
This bipedal robot uses propeller arms to slackline and skateboard

This bipedal robot uses propeller arms to slackline and skateboard

0
people talking to each other

New York Founders Are Underestimating the Compliance Debt of Their Low‑Tax Moves

March 15, 2026
PointFive

How Enterprises Can Cut Cloud Waste Across Snowflake, Databricks, and BigQuery With PointFive

March 11, 2026
Automat-it Vanta partnership

Automat-it And Vanta Partner To Transform Compliance Into A Growth Engine For AWS Startups

March 5, 2026
PointFive DeepWaste

DeepWaste AI Expands Cost Optimization to GPU Waste, Misconfigurations, and Provisioning Leakage

March 5, 2026
Reclaim Security team

Reclaim Security Raises $26M to Close the Remediation Gap With AI-Driven Automation

March 4, 2026
woman in green top posing beside a mirror wall

Inside the AI Shift: How Dolica Gopisetty Helps Enterprises Turn Hype into Real Transformation

February 25, 2026

Recommended

people talking to each other

New York Founders Are Underestimating the Compliance Debt of Their Low‑Tax Moves

March 15, 2026
PointFive

How Enterprises Can Cut Cloud Waste Across Snowflake, Databricks, and BigQuery With PointFive

March 11, 2026
Automat-it Vanta partnership

Automat-it And Vanta Partner To Transform Compliance Into A Growth Engine For AWS Startups

March 5, 2026
PointFive DeepWaste

DeepWaste AI Expands Cost Optimization to GPU Waste, Misconfigurations, and Provisioning Leakage

March 5, 2026

Categories

  • AI & Robotics
  • Benzinga
  • Cybersecurity
  • FinTech
  • New York Tech
  • News
  • Startups & Leaders
  • Venture Capital

Tags

AI AI QSRs Allseated AWS B2B marketing Business CISO CISO Whisperer coding Collaborations Companies To Watch cryptocurrency Cybersecurity Entrepreneur Fetcherr Finance FINQ Fintech hi-tech Hi Auto Investing Investors investorsummit Israel israelitech Leaders LinkedIn Leaders Metaverse Mindset Minnesota omri hurwitz OurCrowd PointFive PR QSR Real Estate start- up startupnation Startups Startups On Demand startuptech Tech Tech leaders Unlimited Robotics VC
  • Contact Us
  • Privacy Policy
  • Terms and conditions

© 2024 All Rights Reserved - New York Tech Media

No Result
View All Result
  • News
  • FinTech
  • AI & Robotics
  • Cybersecurity
  • Startups & Leaders
  • Venture Capital

© 2024 All Rights Reserved - New York Tech Media