Join David Feinleib of the Big Data Group as he shares the results of the first ever big data trends study on Cloud Cost Management.
If you are a public cloud user, you’ll discover on this interactive webcast, critical information about typical cloud costs, utilization rates and emerging trends.
Some of the key findings from the study included:
-Only 33% of instances are reserved instances today, while some 94% of instances, if converted to reserved instances, would result in expected cost savings. Many of the reasons buyers cite for avoiding reserved instances, such as expecting projects to run only for a short time, prove to be financially unsound over time.
-Many instances are underutilized. Medium instances are on average only 12% utilized, suggesting that many customers use medium instances when they could use small instances instead.
-Elastic Cloud (EC2) instances account for more spend (at 62% of total spend) than any other resource type including Simple Storage Service (S3), Elastic Block Store (EBS) volumes, and Relational Database Service (RDS).