7.7 C
London
Monday, November 28, 2022

Where is cloud management going • londonbusinessblog.com

Must read

The 28 best early Cyber ​​Monday 2022 deals under $50

With all the deals, discounts and promotions going around, it can be very tempting to spend a coin during Black Friday and Cyber ​​Monday....

The App Store’s Top Scanner app is over 80% off today only

Opinions expressed by londonbusinessblog.com contributors are their own. As hybrid and remote working become entrenched across the globe, entrepreneurs must prepare for the digital workplace....

Taryn Hatcher- Wiki, age, height, net worth, boyfriend, ethnicity

Taryn Hatcher is a well-known sportswriter in the United States. Hatcher is known for his work as a sports anchor for NBC News...

Lawyers see crypto regulation coming in 2023 as industry needs to restore confidence • londonbusinessblog.com

Despite an uneven years in the crypto markets, many market participants are unperturbed about the long-term health of the sector, saying legal frameworks could...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

“There is a big” wave of innovation in cloud cost management,” Team8 co-founder and managing partner Liran Grinberg told londonbusinessblog.com as part of our latest cloud investor survey.

After seeing the tailwind for the wave of B2B startups offering cloud cost optimization solutions and cloud management in general, we were curious where VCs thought the space was headed — and the answers we heard hold promise.

Indeed, the tailwind we are talking about is not limited to the current macroeconomic environment. The need to better manage cloud spend is undoubtedly fueled by the downturn, making everyone more cost-conscious. But, as we’ll explore, innovation in this area is also an outgrowth of broader trends, such as the emergence of product-driven growth among B2B SaaS companies, which have become both practitioners and consumers of usage-based pricing.

There are also reasons to think that we haven’t seen everything yet. “We continue to see tremendous opportunities in the cloud management space given how early we are in the cloud adoption journey,” Battery companies venture investor Daniel Dayan said. So what could be next? Let’s dive in.

Beyond Cost Optimization

The first wave of cloud optimization solutions did the obvious: help companies track and reduce their cloud spend. Grinberg of Team8: “The first generation of cloud cost management (represented by Cloudability, CloudHealth) helped provide visibility and clarity on spending on AWS, Azure and GCP. Meanwhile, cloud cost optimization tools (represented by Spot, Granulate) enabled tactical changes to reduce costs.”

Consolidation followed, londonbusinessblog.com’s Kyle Wiggers noted, “as incumbents in adjacent industries saw the opportunities presented by cloud cost optimization. Microsoft acquired Cloudyn in 2017. [ … ]. Then, in 2019, Apptio took hold [ … ] Cloudability, while VMware and NetApp bought CloudHealth and Spot (formerly Spotinst) respectively within a few years.” And in April, Intel bought Granulate for $650 million.

As time and mergers progressed, it became clear that there was more than startups could do in this space for their clients. First and foremost, cloud teams needed more than cost optimization: they needed cloud management.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

The 28 best early Cyber ​​Monday 2022 deals under $50

With all the deals, discounts and promotions going around, it can be very tempting to spend a coin during Black Friday and Cyber ​​Monday....

The App Store’s Top Scanner app is over 80% off today only

Opinions expressed by londonbusinessblog.com contributors are their own. As hybrid and remote working become entrenched across the globe, entrepreneurs must prepare for the digital workplace....

Taryn Hatcher- Wiki, age, height, net worth, boyfriend, ethnicity

Taryn Hatcher is a well-known sportswriter in the United States. Hatcher is known for his work as a sports anchor for NBC News...

Lawyers see crypto regulation coming in 2023 as industry needs to restore confidence • londonbusinessblog.com

Despite an uneven years in the crypto markets, many market participants are unperturbed about the long-term health of the sector, saying legal frameworks could...

Today I learned that LG makes a space-saving cabinet monitor

Desk space is quite limited when you work in a cubicle, but LG's 27-inch Libero monitor could help you free up some more space....