Anodot updates its annual survey report,
offering an in-depth summary of cloud cost optimization in 2024 for
FinOps professionals
NEW YORK, April 19,
2024 /PRNewswire/ -- Anodot publishes its annual
Cloud Cost Optimization Report, delivering insights from customer
data and analysis of news and trends within the FinOps sector
to prepare cloud users for 2024.
The report summarizes key findings from major organizations and
companies in the FinOps space, including Anodot's recommendations
on how to use these findings.
Additionally, Anodot utilizes its customer data to inform the
report, showing how users optimize their cloud investments using
their platform.
Key insights include:
- 90% of recommendations generations focused on optimizing
workloads: Anodot's AI engine findings indicate that in 2023,
workload recommendations outperformed rate optimizations.
- Data and storage optimizations made up nearly 80% of total
savings: In 2023, Anodot customers achieved their biggest
savings through Data & Storage optimizations, accounting for
about 80% of total savings, up from 50%.
- In 2023, FinOps practitioners implemented 90% of Anodot's
optimization suggestions: Ebs-unattached, ec2-stopped-instance,
ip-unattached, ebs-outdated-snapshot, and
cloudtrail-duplicate-trails were the top 5 most frequent
optimizations.
Anodot collects this data to help FinOps teams understand how
colleagues manage cloud costs for navigating the cloud in 2024.
David Drai, CEO of Anodot
commented:
"Cloud computing faces challenges with inflation, economic
uncertainty, and resource demand from generative AI investments.
Our new State of Cloud Cost Optimization Report provides
data-driven insights and a TLDR summary for navigating 2024. At
Anodot, we proudly support FinOps practitioners, offering them the
insights for informed cloud decisions, significant savings, and
sustainable growth."
The State of Cloud Cost Optimization Report 2024 is
available for download on Anodot's website.
About Anodot
AI-based cost Optimization platform that forecasts, detects
waste, and provides transparency and recommendations. Allowing
you to facilitate strategic financial planning and management
of your multicloud, K8s pods, and SaaS tools. Our multi-tenant,
multi-billing platform optimizes costs across departments, teams,
products, unit economics, and customers.
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SOURCE Anodot