Predecir is pleased to announce the availability of a new, powerful predictive analytics platform to address a $20 billion problem for businesses: inefficient cloud spending management, otherwise known as “cloud waste.”
PREDECIRx utilizes artificial intelligence (AI) and machine learning (ML) technology to dramatically reduce inefficient cloud management, which according to Forbes, now accounts for 23% of total cloud spending.
The Last Mile in Actionable Predictive Analytics
A $20 Billion Annual Problem for Businesses
It is estimated that wasted cloud spend will exceed $20 billion in 2021.
Cloud use is skyrocketing for businesses of all sizes,...
but so is cloud waste...
Executives estimate that at least 30 percent of their cloud spending is wasted in 2020.
The explosive growth of AWS, Azure, and other cloud providers clearly demonstrates that companies of all sizes are embracing public cloud. However, the story of the expansion of public cloud use needs to include the exorbitant amount of waste in cloud spending.
Challenges in Cloud Spend Management
No Visibility into
Visibility into utilization; i.e., peaks and valleys of usage is not transparent.
Cost & utilization data is at an abstract level.
Actionable Data is
Cloud providers do not proactively give end users any meaningful analytics to help them reduce resource spending.
Negative Impacts on EBITDA
As a result, companies end up spending significant $$$$ with no clear justification of their cloud spend
The Great Need for
- Right Sizing
- Dynamic provisioning and De-provisioning of resources
- Just-in-time Provisioning