Understanding & Managing Committed Cloud Spend

Tim Banks (@elchefe, Principal Cloud Economist @duckbillgroup) talks about how public cloud providers are offering committed spend programs, and ways to best use their programs to manage cloud spending. SHOW: 590CLOUD NEWS OF THE WEEK - http://bit.ly/cloudcast-cnotwCHECK OUT OUR NEW PODCAST - "CLOUDCAST BASICS"SHOW SPONSORS:New Relic (homepage)Services down? New Relic offers full stack visibility with 16 different monitoring products in a single platform.Usage.ai (homepage)Start saving up to 57% of your AWS EC2 spend in under 5 minutes with Usage AI. No code change, no downtime, no engineering work required.SHOW NOTES:Duckbill Group (homepage)Topic 1 - Welcome to the show. You’ve got a very interesting background of hands-on technical and being on the business side of things. Tell us a little bit about your background and what you focus on at Duckbill Group. Topic 2 - Let’s start by talking about this trend of long-term cloud contracts. Why are we seeing more and more announced, and who does it seem to benefit more (cloud provider or customer)?Topic 2a - How do companies typically size these deals? Is it some percentage of current spend forecasted forward, or some aspirational goal, or something else? Topic 3 - When a company signs up for one of these long-term committed spend contracts, what are the mechanics of the contract? Is it just “all-you-can-eat” technology, or do they tend to include additional capabilities/services, etc?Topic 4 - What have you found to be the behavior of companies that sign these contracts? Does it lead to more projects getting created, or more experimentation, or any other unintended consequences?Topic 5 - At what point do companies start re-evaluating the contracts? What happens if they find themselves way below expected spending expectations?  Topic 6 - Have you seen any new behaviors from the cloud providers once they sign a contract, whereas one group (or service) is pushing hard to capture a bigger portion of the contract? FEEDBACK?Email: show at the cloudcast dot netTwitter: @thecloudcastnetFEEDBACK?Email: show @ the enterprise ai show dot comeBluesky: @EntAIShow.bsky.socialTwitter/X: @TheEntAIShowInstagram: @TheEntAIShow