Turbonomic Blog

Welcome to the third article in our "Mastering Cloud Cost Optimization" series. This series was designed to help cloud users maximize the value of the cloud by sharing best practices and expert knowledge based on our experience. In this article, we will focus on leveraging the right cost model for your cloud workloads. 

Cost optimization is a top initiative for every organization - we know it, and the cloud providers know it. COVID-19 has amplified the criticality of cost optimization for businesses.

The COVID-19 global pandemic continues to affect every organization on our planet. We've been seeing the significant impact it has on the private and public sectors, and this weekend brings confirmation that large public cloud providers are also experiencing difficulties.

After the extensive review of the history of cloud computing over the last two decades, it is time to shift our gaze from the past into the future. In this post, we will examine and predict where the industry is heading in 2020 and beyond.

Introduction 

In the first article in this blog series, we covered the emergence of cloud computing during the 2000s decade:

Introduction 

In this second part of our series, we will examine the exponential growth the cloud computing field experienced during the 2010s decade.

Introduction

As we enter a new decade, we decided to take a look back at the history of cloud computing and how the space has evolved from the early 2000s to today.

This article is the first part of a blog series. This article will cover the 2000s decade (2000-2009), which marked the emergence of the cloud computing space.

The modern Cloud computing space enabled many of the innovative technologies and solutions we have seen over the last two decades.

Technically, concepts of cloud computing can be traced back to the 1960s - but to me, the origin story of the modern cloud computing can be attributed to Salesforce.com, which was founded in 1999 and later launched one of the first successful public Software-as-a-Service (SaaS) offerings.

As cloud computing gained momentum during the mid-2000s, many organizations struggled to understand what exactly 'Cloud Computing' is. A memorable example is when Larry Ellison, the founder and CEO of Oracle Corporation at the time, shared his thoughts in 2008 on Cloud Computing (a must listen). While Larry Ellison’s provocative comments highlight his lack of understanding of cloud computing at the time, most people were in the same boat and did not fully realize its benefits yet either.

One of the contributors for the confusion was the common practice of ‘Cloudwashing,' where vendors took their legacy software solutions, made them accessible over the internet and marketed them as cloud solutions.

During and before re:Invent 2019, Amazon unveiled over 77 new product announcements and unique capabilities. AWS Compute Optimizer, one of the more interesting offerings was quietly announced through a blog on December 3rd.

Last week approx. 65,000 IT professionals and executives converged on to Las Vegas for the most significant cloud event in the world: AWS re:Invent. It is hard to describe the spectacle, noise, excitement, and energy at the event.

On November 6, Amazon announced a new discount model called Savings Plans.  We’ll review the changes and benefits in just a moment but before we jump into the details, let’s review the complexity to manage “legacy” reserved instances so we fully understand how much of an improvement this is for AWS users.