Cloud Computing Industry Analysis and Infographic: Companies Overspend on Infrastructure by 30% or More
June 4, 2014
Grazed from PRWeb. Author: PR Announcement.
Cloudamize, the leading cloud infrastructure analytics platform for Amazon Web Services, today released the results of a three-month study of the cloud computing marketplace. After analyzing more than 77,000 Amazon Web Services instances for its clients, Cloudamize uncovered usage trends, customer misconceptions, and potential areas for improvement in how organizations utilize the cloud. Among those findings: 34% of analyzed instances had cost-saving opportunities of 30% or more.
“In exploring the benefits of cloud computing, many organizations are finding that they encounter a significant amount of noise that hinders their decision making,” commented Khushboo Shah, founder and CEO of Cloudamize. “This analysis deciphers the signal from that noise, dispels the myths around the cloud, and enables them to move forward with confidence and efficiency.”…
Among the top findings:
- Over 34% of instances analyzed had cost-saving opportunities greater than 30%.
- Nearly 70% of instances did not use the most cost-efficient pricing plan for their workload type and usage pattern.
- Most users reserve future capacity at the highest reservation level possible in order to realize cost savings through AWS Reserved Instances.
- 76% of instances were not optimally provisioned for their workloads.
- Over-provisioned workloads had the potential for cost savings of 34% or more.
The results indicate that while there is significant potential in the cloud, most organizations still need to put the right tools in place to provide visibility and ensure that they fully leverage the cost benefits of the cloud, achieve optimal performance quickly, and avoid extensive experimentation that results in wasted time and money.
For a limited time, Cloudamize is offering an in-depth analysis of the study results to help guide companies as they migrate and manage their cloud deployments. To download the infographic and analysis, visit here.