Q2 2023
Q2 2023 saw a crush of demand for GPUs and cheaper compute that resulted in capacity constraints across the major clouds. Increasingly, companies are using multiple clouds for different workloads.
Vantage uses anonymized data from thousands of connected accounts to snapshot industry spending patterns.
Q2 2023 saw a crush of demand for GPUs and cheaper compute that resulted in capacity constraints across the major clouds. Increasingly, companies are using multiple clouds for different workloads.
The first quarter of 2023 represented a return to normal among cloud spending, tracking with earnings reports from the hyperscaler clouds.
In Q4 we found dramatic shifts in how companies were allocating costs, recording the lowest ever on-demand EC2 spend and a 16% drop in utilization of the most expensive S3 tiers. Data for serverless and database costs also demonstrates a new focus on cost optimization.
In the inaugural Cloud Cost Report we profiled spending across compute, databases, storage, and serverless AWS costs to determine how companies were thinking about cloud infrastructure using real, anonymized data.
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