CloudZero

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

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

Two-thirds of companies report that investigating rising cloud costs disrupts both finance and engineering workflows. For engineers specifically, 66% report a lack of visibility into cloud costs causing some level of disruption to their work. Full report: https://bit.ly/3UqyoFB #Cloud #FinOps #DevOps

At Forcepoint, aligning spend with the right engineering teams is an evolving journey. Elite cloud cost allocation requires continual updates and discussions as the business changes. #Cloud #Efficiency #FinOps

📣It's #AWSSummit 2024 Week📣 Catch our session "Profiting from Innovation: Proficient Growth in the AI Era" on Wednesday from 1:30 - 2:30 PM ET. Erik Peterson, CTO and Founder of CloudZero, will be speaking alongside Anne Hunt, DNB Product Leader from AWS about strategies for transitioning AI R&D into profitable solutions Also, network with industry peers at our #FinOps happy hour on Wednesday in partnership with @prosperopshq 🍻 RSVP: https://bit.ly/3VVN6Fd #AWS #Networking #CloudZero #ProsperOps #NYCEvents #TechEvents

One underused tactic to control cloud costs: Monitor costs before and after making changes to the environment to highlight areas of waste. Here’s how automating the process can help. #CloudSavings #FinOps #Cloud

Find out what's new with CloudZero in June 2024 — and how you can make the most of our latest product updates! https://bit.ly/4bAEsSd #CloudZero #ProductUpdates

Imagine building a house, by yourself, from scratch — quarrying your own stone, chopping down trees for lumber, synthesizing PVC pipes. Now, picture software development without pre-built components. That's the challenge developers faced — once upon a time, in pre-cloud history — and that the cloud would make obsolete. #DevLife #SoftwareEvolution

In 2022, public companies fared worse than venture-backed or private equity-owned companies when it comes to cost attribution. But in 2024, venture-backed companies report having the least confidence in attributing cloud spend (32%). #Cloud #FinOps #DevOps

Exciting news! 🎉 CloudZero is teaming up with @ProsperOps to host a FinOps happy hour in NYC! This is a fantastic opportunity to network with industry professionals and dive into the latest FinOps strategies. 🗓️ July 10 📍 New York City Whether you're a FinOps expert or just getting started, join us for an evening of great conversation, insights, and fun! RSVP here: https://bit.ly/4cmPsnN #FinOps #Networking #CloudZero #ProsperOps #AWS #TechEvents #NYCEvents