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Hyperscalers place big bets on AI as cloud spending rolls on

CIO

While enterprise IT budgets have grown, a significant portion of spending is now going to investments related to artificial intelligence (AI). According to a new report from Canalys, the top three cloud providers — AWS, Microsoft Azure, and Google Cloud — collectively grew by 24% this quarter to account for 63% of total spending.

Cloud 304
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DIY cloud cost management: The strategic case for building your own tools

CIO

This strategy alone — achieved with the DIY approach — was responsible for saving $300,000 when his team dug into expenses surrounding Google Cloud Platform log storage, resulting in his team moving the logs to a lower tier of cloud storage and rightsizing the data they retain to adhere to retention requirements.

Tools 311
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14 in-demand cloud roles companies are hiring for

CIO

To tackle that, businesses are turning their budgets toward the cloud, with two out of every three IT decision-makers planning to increase cloud budgets in 2024, and nearly a third (31%) reporting that 31% of their IT budget is earmarked for cloud computing, according to the 2023 Cloud Computing Study from CIO.com parent company Foundry.

Cloud 325
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How Application Modernization Can Help You Manage Your IT Budget

Datavail

Layoffs and budget cuts abound. Up to 80% of a CIO’s budget can be spent maintaining legacy systems, according to some estimates. They will become even more apparent as you watch the speed, agility, and efficiency of your applications skyrocket. 98% of U.S. CEOs indicate they are anticipating a recession.

Budget 52
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5 ways to maximize your cloud investment

CIO

No IT organization wants to get caught short on processing or storage resources that could negatively affect operations, or have to suddenly add resources that exceed the budget. In this way, you can take advantage of the cloud’s agile, on-demand approach with unlimited capacity without breaking the budget.

Cloud 312
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What is Cloud FinOps?

Perficient

This could involve resizing instances, choosing the right storage type, or implementing automation to eliminate manual tasks. Increased Agility Another benefit of cloud FinOps is increased agility. By adopting cloud FinOps practices, businesses can quickly adapt to changing business needs and take advantage of new opportunities.

Cloud 69
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Cloud Cost Optimization – How to Manage Cloud Cost Effectively

RapidValue

Budget forecasting sometimes could get complex. Enterprises committed to the cloud for the long-term should invest in AWS Reserved Instances (RIs) or Azure Reserved VM Instances (RIs). Take advantage of Spot Instances as they can help you save more on your AWS spend or Azure spend. Minimize data transfer costs.

Cloud 92