Ben Schaechter from Vantage - Cloud Cost Optimization Explained

Aug 29, 2023

Ben Schaechter, Co-founder and CEO of Vantage, dives into cloud cost optimization and its growing importance amid rising cloud spending. He discusses the maturity levels organizations experience in cloud cost management and the starting point for seeking optimization services. Ben explains Vantage's role in alleviating the complexities of cloud costs, including challenges with major providers. He also shares insights on multi-cloud strategies and potential pitfalls, emphasizing that effective optimization can lead to long-term benefits despite initial concerns of vendor lock-in.

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Intro

00:00 • 2min

Evolving Cloud Cost Management

02:06 • 5min

Navigating Cloud Cost Optimization

06:40 • 17min

Navigating the Challenges of Cloud Cost Optimization

23:48 • 2min

Navigating Cloud Cost Optimization

25:51 • 6min

Cloud Cost Optimization and Growing Opportunities at Vantage

31:41 • 2min

Our Guest: Ben Schaechter is the Co-founder & CEO of Vantage, a cloud cost optimization platform for AWS, Azure, GCP, Kubernetes, Datadog, Snowflake, Databricks, Fastly, and more.

Episode Topics:

The current maturity level of the Cloud Cost Optimization cycle.
The dollar threshold of cloud spending at which organizations should consider pursuing cloud optimization services
Understanding how Vantage facilitates the process of cloud optimization.
Ben's view on the hyperscaler cloud service providers' included cost management tools + looking at all elements contributing to cloud usage-based cost.
Ben's take on the Morgan Stanley thesis that cloud cost optimization leads to greater spending / more workloads long-term.
Do all optimization efforts lead to greater lock-in with the cloud provider?
Commitment mechanisms + taking advantage of Enterprise Discount Program (EDP).
The timeframe for yielding positive results after implementing cloud optimizations.?
Ben’s commentary on trends outside the hyperscalers, including Snowflake, Databricks, and Datadog.

Resources:

https://www.vantage.sh/

https://www.vantage.sh/cloud-cost-report/2023-q2

https://www.vantage.sh/cloud-cost-report/2023-q1

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