It’s no secret that we are in a very different business world than even a few years ago. Valuations have decreased significantly, fundraising faces more scrutiny and many companies have gone through layoffs. In response to this, companies are rightly re-evaluating their priorities and reigning in spending.
Cloud spend is no exception. In fact, cloud costs are second only to payroll in terms of spending for many modern companies.
The zeitgeist of prioritizing scale at any cost is changing toward a more grounded approach, where profits and burn rate are more of the concern—and not just for the finance team but also for the cloud developers and operators responsible for building and running these cloud systems.