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July 25, 2011 / David Bleeker

UptimeCloud helps companies track and predict Amazon cloud costs

uptimeCloud

Cloud computing is one of the IT industry’s hot sectors right now, and analyst firms are predicting it will heat up further in the next few years. According to one such market analysis study conducted by IDC, public cloud services are predicted to grow five times faster than traditional IT products, from more than $16 billion in 2009 to $55.5 billion by 2014. But the analyst firm adds that many CIOs are still having serious concerns about cloud cost monitoring and management.

Despite these concerns, cloud computing is still making its mark on the industry and appears to be here to stay. In order to meet the numbers predicted by IDC, an organization needs to understand just how much money that latest cloud project is going to cost. Trying to figure out the cost of an application, service, or workload running in the cloud with complicated spreadsheets and guestimated pricing will no longer suffice. [read more]

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