TECH SUPPLIER Jun 2022 - Market Note - Doc # US49125722
Containers Bring New Challenges for Cost Optimization
This IDC Market Note focuses on a recent press release from CAST AI on April 25 and IDC's interview with customers that recently deployed CAST AI in their production environment.
It is difficult for even the most mature IT organization to successfully manage the complex task of optimizing hundreds of container-based parameters while simultaneously controlling cloud costs. IDC estimates that companies waste up to 30% of their cloud spending, and as containers grow in popularity, this is likely to increase further. Spot instances offer tremendous cost savings but are a risk for production applications, which many companies wish to avoid. Combining AI and automation makes this risk mitigation possible, and continual optimization with spot instances can bring tremendous savings to an enterprise.