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 9,556 followers
Build cost-efficient software without slowing down innovation
About us
CloudZero is the leader in cloud cost intelligence. We empower the world's engineers to build cost-efficient software without slowing down innovation. CloudZero's platform automates the collection, allocation, and analysis of cloud cost data to uncover savings opportunities and improve unit economics. Our unique approach ensures organizations have the most complete, accurate, and granular source of truth for their cloud costs. CloudZero is used by industry leaders worldwide, such as Demandbase, New Relic, Nubank, Rapid7, and Skyscanner.
- 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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We're #hiring a new Sr. Product Manager in Boston, Massachusetts. Apply today or share this post with your network.
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We're #hiring a new Sales Development Representative in Boston, Massachusetts. Apply today or share this post with your network.
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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
AWS Egress Costs 2024: How To Reduce Spend
cloudzero.com
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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
GenAI Efficiency 101: How To Maximize ROI On GenAI Projects
cloudzero.com
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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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We're #hiring a new Human Resources Generalist in Boston, Massachusetts. Apply today or share this post with your network.
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In our report, 23% of finance professionals reported high levels of disruption, while 66% of engineers reported a lack of visibility causing some level of disruption, pointing to this being a problem for both teams. Full report: https://bit.ly/3w72lT3 #Cloud #FinOps #DevOps
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🤩 When your founder/CTO is a bona fide celebrity 🤩 Engineering-led optimization is the best way to maximize your Cloud Efficiency Rate — the return you’re getting on your cloud investment. Reach out if you’re curious to dive deeper — Erik Peterson would love to tell you more. #AWS #AWSSummit #CloudCost
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Skyscanner sets a clear vision with CloudZero: driving a culture of fiscal responsibility. They're gearing up for years of enhanced cost reporting to engineers, leading to smarter, more informed decisions. 💡 https://bit.ly/3V9o7zm #FiscalResponsibility #SmartEngineering
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