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Top related persons:
Adam Selipsky - 2 Ellen Thomas - 2 Werner Vogels - 1 Sid Nag - 1 Gartner - 1 Nag - 1 wasn't - 1 Dave Linthicum - 1
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Las Vegas ethomas@insider.com DoiT
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Business - 2 AWS - 2 Microsoft - 2 Google - 2 FinOps Foundation - 2 Venetian Convention - 2 Expo - 2 Amazon Web - 1

Search resuls for: "FinOps Foundation"


3 mentions found


☆ Amazon's cloud sees growth rates slow from 'optimization' as customers keep cutting costs
  + stars: | 2023-12-11 | by ( Ellen Thomas | ) www.businessinsider.com   time to read: +6 min
Either way, one thing is certain: Companies are getting serious about cloud spend. And while Wall Street analysts hope the excitement over generative AI will drive customers to spend more money on cloud services next year, it's clear that optimization won't go away. "Cloud spend got big enough at most of the Fortune 500s that it's actually material now," Storment said. Cloud cost-cutting servicesTo save money on cloud services, customers often must first spend money. Customers aren't spending much on generative AI yetEven though "generative AI is the new sexy thing that everyone is exploring," the technology didn't come up in many conversations about budget, Lowell said.
Persons: Adam Selipsky, Werner Vogels, Sid Nag, Gartner, Nag, wasn't, Dave Linthicum, —, Storment, Craig Lowell, Lowell, Linthicum, they're, Bernstein, Mark Schilsky, Ellen Thomas Organizations: Amazon Web, Business, AWS, Wall, Microsoft, Google, Deloitte, FinOps Foundation, Fortune, Venetian Convention, Expo, Companies Locations: Las Vegas, DoiT, ethomas@insider.com
☆ Amazon holds an exclusive meeting at its cloud conference to give 'XXL' customers like Salesforce a forum to air grievances
  + stars: | 2023-12-01 | by ( Ellen Thomas | ) www.businessinsider.com   time to read: +2 min
One in particular is open only to very important cloud customers: a meeting for "XXL" or "extra-extra-large" AWS users. Roughly 50 people attended the meeting, they said, including about a dozen AWS representatives and employees from eight large AWS customers, including Salesforce and Adobe. Not all of the largest AWS customers attended the meeting. Though the meeting is for important customers, AWS CEO Adam Selipsky did not attend, the people said. Do you have information or insight to share about AWS or other large cloud providers?
Persons: Adam Selipsky, Ellen Thomas Organizations: Web Services, AWS, Business, Venetian Convention, Expo, Adobe, FinOps Foundation, Microsoft, Google Locations: Las Vegas, ethomas@insider.com
☆ Technology Chiefs Seek Help Wrangling Cloud Costs
  + stars: | 2023-03-03 | by ( Belle Lin | ) www.wsj.com   time to read: +6 min
Some chief information officers have turned to cloud management tools and established internal teams to oversee their cloud spending. Mr. Nimboorkar said the company has since built a dedicated team to manage its Amazon Web Services spending and invested in a third-party cloud spending management tool. Executives from all three cloud giants have said customers are optimizing or reining in their cloud spending, citing economic factors. Many of the best practices in cloud spending management have been codified by the nonprofit FinOps Foundation, which promotes cloud financial literacy and accountability, she said. That model allows Mr. Kanchi to wholly manage cloud spending, he said, but was only possible after UST figured out how to tag cloud usage by its various business units.
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