Bringing Cloud Data Costs Under Control
datanami, April, 7th 2023
It should come as no surprise that companies are struggling to contain the cost of storing and processing data in the cloud. With no upper limit on scalability, companies that were once data-starved can easily swing to being data-drunk.
Unless companies are going to bring their data estates back on-prem, getting these costs under control is critical to the long-term health and stability of data operations.
There's no shortage of data when it comes to understanding that cloud costs are spiraling out of control. A 2021 study by Anodot found that nearly one-third of data professionals reported their monthly cloud bills went up by nearly 50%, while one-fifth of them had their cloud bills double. In its 2022 State of Cloud Cost Report, Anodot says 54% of those surveyed believe their primary source of cloud waste is a lack of visibility into cloud usage.