Cloud Technology News of the Month: September 2021
This series brings you up to speed with the latest releases, acquisitions, research, and hidden gems in the world of cloud computing.
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Autumn is officially here and with it another portion of fresh cloud technology news.
This series brings you up to speed with the latest releases, acquisitions, research, and hidden gems in the world of cloud computing – the stuff actually worth reading.
Here’s what happened in the cloud world this August.
Story of the Month: Do Most SaaS Cloud Cost Tools Really Suck?
It makes sense for industry players to be skeptical about cloud cost optimization tools. It’s true that many solutions on the market are pretty complicated and steal away a great deal of time for onboarding and training.
But allocating, analyzing, and forecasting cloud costs is time-consuming as well. You have to research pricing plans, make infrastructure changes, create new instances, and do all the other things that get you optimal performance at the lowest possible cost.
Cloud-native cost optimization can solve it all. A solution like that gives you full control over what happens but doesn’t force you to take any action to save costs. It all happens automatically.
Automated cost optimization platforms do all this to get you where you want to be:
- Select the most cost-efficient instance types and sizes,
- Autoscale your cloud resources to handle spikes in demand,
- Instantly remove resources that aren’t being used,
- Use Spot Instances to drive costs down and handle any interruptions gracefully.
- And do even more to help you avoid costs in other areas – from automated storage, backups, security, and compliance management, to changes in configurations.
The Business of Cloud
Google Cloud has done more than any other company for developing the cloud-native ecosystem, but it still struggles to compete with the enterprise cloud toolkits that are AWS and Microsoft Azure. Despite the efforts of Google Cloud’s CEO Thomas Kurian, the vendor still holds only 10% of the cloud market.
According to InfoWorld, while enterprises like 20th Century Fox and American Eagle use the service for advanced AI and machine learning, few companies out there decided to go all-in with Google Cloud – some notable exceptions are Deutsche Bank and Sabre, which both signed a 10-year deal with Google Cloud in 2020. How is Google going to close this gap? Let’s keep an eye on the vendor in the next few months.
Meanwhile, IBM got its hands on several hybrid cloud deals with Africa’s largest banks, including the South African Nedbank and Morocco’s Attijariwafa Bank, as per Bloomberg. This is part of the company’s broader strategy to pivot towards the growing market of storing large volumes of data on the internet.
Speaking of storage, according to Bloomberg, the cloud storage company OVH Groupe SAS kicked off its IPO in Paris and expects to raise at least $469 million. OVH will use the funding to build its competitive advantage against AWS and speed up international expansion, successfully recovering from the blow that was one of its data centers catching fire back in March.
Bain’s 2021 Technology Report is out and has some interesting findings of how the cloud technology and platform business models are now unlocking value for businesses across every sector. And cloud-native infrastructure software vendors are a big winner here – by 2020, the publicly traded companies in this niche were worth nearly half a trillion dollars.
Many of the leading companies more than doubled their market value last year, followed by a healthy pipeline of earlier-stage competitors valued at more than $1 billion each. Take the cloud identity provider Okta as an example here – it’s doing really well and reported the second quarter’s results that beat its expectations.
Microsoft is having one hell of a ride this year when it comes to security. Naturally, Microsoft isn’t the only tech giant having vulnerability issues today. But in 2021, the company released a patch for at least one zero-day vulnerability each month except for May. The vulnerabilities were found across Microsoft’s operating systems, platforms, and applications that may expose their customers to risk. Consider that attacks like SolarWinds, Colonial Pipeline, and HAFNIUM happened mostly due to Microsoft vulnerabilities.
According to Cybereason and Ars Technica, by the end of August, the “worst cloud vulnerability you can imagine” was discovered in Microsoft Azure, impacting some 30% of Cosmos DB customers. Apparently, Cosmos DB gave read/write access for every database in the service to attackers who exploited the bug. This vulnerability was part of the system for “at least several months, possibly years.”
The AWS Tokyo outage can be a lesson for everyone, says The New Stack. The outage happened because of a problem with multiple core network devices that were used to connect network traffic utilizing Direct Connect to all the Availability Zones within the AP-Northeast-1 region.
Food for Thought
The former Head of Open Source Strategy at AWS, Matt Asay, published an article immediately after leaving the company to tell us all what we don’t know about working with AWS. A fascinating glimpse into the cloud mogul’s inner workings that helps to understand the company values and what makes Amazon employees tick.
Published at DZone with permission of Vito Clover. See the original article here.
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