In late April, the major public cloud computing providers reported earnings. AWS’ revenue growth of 16% lagged previous quarters and was lower than Microsoft’s reported cloud sales, according to Channel Futures. “Meantime, Amazon executives on April 27 said the seeming slowdown at AWS ties to cost optimization rather than to any direct spending cuts,” the publication added.
Cloud cost optimization isn’t a new concept but it’s certainly gaining steam this year. There were hints at the beginning of 2023 of a cloud repatriation movement, but that hasn’t materialized in a notable way. Instead, enterprises are seeking to reduce waste and spend smartly in the cloud, as cloud spending has raised the eyebrows of many an executive in recent months.
Cloud spending often represents more than 50% of the overall cost of revenue in hypergrowth SaaS firms and has significant implications on balance sheet health and market cap, according to Forbes.
Silicon Angle reports that the cloud spending slowdown is a result of “cautious consumption patterns and aggressive cloud optimization, which is being promoted by the big three cloud vendors in an attempt to lock customers into longer-term commitments.”
Proven ideas for cloud cost optimization
There are many ways to optimize and reduce cloud spend. Common tactics include signing up for cost savings plans and other pricing promotions offered by the cloud vendors, monitoring spend with third-party tools and those offered by cloud providers, deleting duplicate and orphaned data, using cloud cost optimization software to look for additional efficiencies, and managing cloud sprawl and shadow IT through automated discovery and corporate policies.
Data management is another proven method; it gives storage and IT managers a means to view data assets across all storage and right-place data in the most appropriate storage solution for current needs.
This avoids data sitting endlessly on high-priced storage when it’s no longer active. Data management can also automate data movement between cloud storage tiers as it ages or as its usage and requirements change.
Komprise for cloud cost optimization
Komprise delivers a variety of metrics and reports to help you understand data growth, data usage and storage costs. You can use those metrics to forecast savings of switching to different types of storage such as cloud object storage for deep archives.
- Read the Komprise blog on our new reports which users can download and shared with stakeholders.
- It’s also helpful to learn about the new metrics every IT director should be tracking in today’s hybrid cloud organization.
- Earlier this year, Komprise announced Komprise Analysis, an entry-level subscription offering to get started on unstructured data management. Read the white paper to learn more about all the ways Komprise Analysis helps you understand your data environment and plan for data lifecycle management.
What’s New at Komprise
Komprise Intelligent Tiering for Azure: This exclusive offering is the only Microsoft Azure Marketplace solution that gives customers access to file analysis and tiering to and within Azure. Customers can acquire this without purchasing the full Komprise Intelligent Data Management platform.
“Since Komprise tiers data to Microsoft Azure in native readable format and provides data workflows, customers can cut costs and leverage the full power of Azure services to address AI, big data, security and compliance use cases.”
Blocks and Files: Komprise Auto Tiers Files to Azure Blobs: “Pump the files up to Azure Blob storage and then they can be accessed by services such as Microsoft Purview and Defender for Storage, Azure Synapse Analytics and Azure AI.”
Top Fastest Growing Storage Companies in 2022: Komprise was included again in this prestigious list compiled by Storage Newsletter.
CRN Storage 100: Komprise was named a top vendor under the data protection category of CRN’s annual list.
American Business Awards: Komprise was a Bronze Winner in the category for Most Innovative Tech Company of the Year.