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
CloudZero
Software Development
Boston, Massachusetts 10,254 followers
Build cost-efficient software without slowing down innovation
About us
CloudZero is the leader in proactive cloud cost efficiency. We enable engineers to build cost-efficient software without slowing down innovation. CloudZero's next-generation cloud cost optimization platform automates the collection, allocation, and analysis of cloud costs to uncover savings opportunities and improve unit economics. We are the only platform that enables companies to understand 100% of their operational cloud spend and take an engineering-led approach to optimizing that spend. CloudZero is used by industry leaders worldwide, such as Coinbase, Klaviyo, Miro, New Relic, Nubank, and Rapid7.
- Website
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https://www.cloudzero.com
External link for CloudZero
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- Boston, Massachusetts
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Cloud Computing, DevOps, Site Reliability, FinDevOps, AWS, Machine Learning, Cloud Cost Intelligence, and FinOps
Products
CloudZero
Cloud Monitoring Tools
CloudZero is the world’s leading cloud cost intelligence platform, providing accurate visibility and continuous savings to drive profitable innovation.
Locations
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Primary
Boston, Massachusetts 02111, US
Employees at CloudZero
Updates
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Good news: dedicated FinOps teams are on the rise 🎉 The number of organizations with one person primarily focused on FinOps or cloud cost management has increased from 21% in 2022 to 25% in 2024. Full report: https://bit.ly/3y9UWTl #Cloud #FinOps #DevOps
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$350,000+ GCP savings in a matter of clicks? Could only be CloudZero Insights. Read our blog on the latest and greatest in automated CloudZero savings: https://lnkd.in/gDDjaKzt #CloudCost #Savings
5 Automated GCP Optimizations That Make Cloud Cost Savings Simple
cloudzero.com
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Can you believe it’s already September? Here are the cloud cost news headlines you may have missed in August 2024. https://bit.ly/4gtjith #CloudCostNews #CloudNews #AWS #GCP #Azure
Top Cloud Cost News From August 2024 | CloudZero
cloudzero.com
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Tired of feeling like OpenAI's personal ATM? Here’s how to minimize waste and maximize OpenAI usage, costs, and more — all in the time it takes to swig a coffee. https://bit.ly/4dY03FP #OpenAI #OpenAIOptimization
OpenAI Cost Optimization: 11+ Best Practices To Optimize Spend
cloudzero.com
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Like an art museum, which has to store, display, and compile data on all of its artworks, software needs three core elements to function: storage, compute, and database. For e-commerce sites, mobile apps, entertainment platforms, and more, these three services make digital experiences as accessible as physical ones. https://bit.ly/3xwNUrz #CloudComputing
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Cloud cost priorities continue to align for engineering and finance. Cost and budget-related goals are a high priority for both engineering and finance teams, with our data revealing near-identical alignment in priorities. Full report: https://bit.ly/4a0sII0 #Cloud #FinOps #DevOps
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August was a busy month at CloudZero, and we're excited to share the latest updates, which are all designed to enhance our customers’ experience and boost productivity throughout our platform! Key highlights from the last month include: 🔑 Seamless SSO 👨💻 User Groups (RBAC) Enhancements 📋 Resource Summary 📊 Telemetry API Improvements On top of all of that, we’ve launched CloudZero Academy — a self-service learning hub with tutorials, webinars, and office hours to help you make the most of our platform. Check out our blog post to dive deeper into the latest features and enhancements: https://bit.ly/3Xu0ceN #FinOps #CloudZero #ProductUpdates
Product Release Notes August 2024 | CloudZero
cloudzero.com
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CloudZero takes a very hands-on approach to turning new customers into FinOps experts. For KnowBe4, that approach has turned their engineers into proactive cloud cost managers. #Cloud #CloudCost #FinOps