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 9,735 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
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Andy Jolls
C-Level Marketing Executive & Advisor | B2B SaaS | AI Enthusiast & Practitioner
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Don Bulens
Executive Chair at CloudZero
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Mark Musselman
GTM Leader, Sustainability Exec, Non-Profit & Start Up Board Advisor, Music Producer, Board Rider
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Adam Rice
Building World-Class Software Engineering Teams
Updates
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Curious about AWS EKS? Checkout our latest blog to learn about AWS EKS, benefits, and cost-saving strategies. As a bonus, see how CloudZero can optimize your AWS EKS costs! https://bit.ly/4cPba3F #AWSEKS #CloudComputing #Kubernetes
AWS EKS Pricing Explained: A 2024 Guide | CloudZero
cloudzero.com
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Imagine constructing a skyscraper with copy and paste — and how much you could out-compete builders still working from the ground up. That’s how cloud computing, with its virtual servers and instant architecture, unseated on-premise architecture — a revolution in speed and efficiency for builders and entrepreneurs. https://bit.ly/3TrWA9V #CloudInnovation #CloudComputing
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Engineering ownership positively correlates with a better understanding of cloud cost. 81% of respondents said their cloud costs are about where they should be when engineering has some level of ownership. Full report: https://bit.ly/3UEafN8 #Cloud #FinOps #DevOps
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Shoutout to Business Insider for including CloudZero in this list! #Cloud #FinOps #SaaS
85 of the most promising startups of 2024, according to top VCs
businessinsider.com
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If July flew by, you may have missed these cloud cost news headlines. We’ll get you caught up. https://bit.ly/4d8d9QW #Cloud #CloudCostManagement #FinOps
Top Cloud Cost News From Last Month: July 2024 | CloudZero
cloudzero.com
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🚨 Exclusive Event: All-Inclusive Boston Red Sox Game With CloudZero 🚨 Don't strike out! ⚾ Join CloudZero and your peers for an unforgettable evening at Fenway Park as the Boston Red Sox take on the Texas Rangers. Discover why we're the globally trusted leader in proactive cloud cost efficiency. Event Details: Date: Wednesday, August 14 Start Time: 4:10 PM ET Game Time: 6:10 PM ET Location: Fenway Park 👉 https://bit.ly/3yr6SRg #CloudZero #BostonRedSox #FenwayPark #CloudCostEfficiency
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In 2024, there’s been a noticeable shift in the landscape of cloud cost ownership within companies, with engineering teams showing a stronger sense of responsibility and ownership over cloud expenditure. Full report: https://bit.ly/44vpefx #Cloud #FinOps #DevOps
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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