CloudZero’s Post

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

Meetups, networking, learning opportunities — you can get access to it all by joining the FinOps Foundation, one of the most forward-thinking communities in the cloud space. CloudZero has long been a member, and here’s what we love most about it. #FinOpsFoundation #FinOps #Cloud

We compiled this Azure cost optimization checklist so you don’t have to. Dive right in to start your Azure cost savings journey! https://bit.ly/3VO6uUx #Azure #CloudCosts #AzureStorage

Imagine a house where everything depends on everything else: the blender depends on the TV, the drywall depends on the plumbing, the roof depends on the kitchen cabinets, and if anything fails, the house falls down. That was monolith architecture in software. Cloud technology changed the game, enabling integration, real-time collaboration, and turning multimillion-dollar nightmares into streamlined solutions. #CloudEvolution

Every CloudZero customer gets a FinOps Account Manager (FAM) who acts as an extension of their FinOps team. For Cloudera, the FAM has been essential in powering their cost management objectives. #Cloud #CloudCost #FinOps

Over one in five businesses now have at least 75% of cloud costs allocated ✔️ But, only one in four respondents have 100% cloud resource allocation. This signals an urgent need for better cloud cost optimization, since best practice calls for 100% allocation at all times. #Cloud #FinOps #DevOps

Ever wanted to know how your cloud spending stacks up against other companies like you? Now, with CloudZero’s new Cloud Efficiency Rate (CER) benchmarking tool — the first of its kind — you can. The cloud cost management space has never had a meaningful benchmark, and CloudZero has changed that. In partnership with Benchmarkit, a B2B SaaS research firm, we’ve established CER as the space’s first objective benchmark for holistic cloud efficiency. To calculate yours, see how it stacks up against industry peers, and dive deep into cloud efficiency trends, visit the link below. https://bit.ly/3LJB7Gh #Cloud #CloudCostManagement #FinOps

With CloudZero, SmartBear gains crucial insights into cost per customer, paving the way for refined pricing strategies, improved margins, better EBITDA management, and overall business optimization. https://bit.ly/3v1x6rY #Cloud #CostInsight

Want a cost-efficient application? Adopt and implement a Well-Architected Framework. Boom. #Cloud #Efficiency #FinOps