How Vantage's Cloud Optimization Platform Is Helping Businesses Reduce Costs and Improve Efficiency in the Cloud.
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Vantage, a cloud optimization platform, has raised $21M in Series A funding to help businesses reduce their cloud costs and improve efficiency. The platform, which uses machine learning to optimize cloud infrastructure, has already helped hundreds of businesses achieve significant cost savings. In this article, we'll explore how Vantage is helping businesses cut down on cloud costs and improve their overall cloud performance.
Cloud computing has become a crucial part of modern business operations, but it can also be a significant source of cost inefficiency. According to a survey by Flexera, 53% of businesses reported that they had exceeded their cloud budget in 2020. This highlights the need for tools and solutions that can help businesses optimize their cloud infrastructure and reduce costs.
Vantage's cloud optimization platform uses machine learning to analyze cloud usage patterns and recommend cost-saving measures. The platform provides businesses with real-time insights into their cloud usage, enabling them to identify areas of inefficiency and take action to reduce costs.
In addition to cost savings, Vantage's platform also helps businesses improve their overall cloud performance. By optimizing cloud infrastructure, businesses can improve their application performance, reduce downtime, and increase scalability.
According to a study by Gartner, by 2022, over 80% of businesses will overspend on their cloud budgets. However, businesses that leverage cloud optimization platforms like Vantage can significantly reduce their cloud costs and improve their overall cloud performance.
In conclusion, Vantage's cloud optimization platform is helping businesses cut down on cloud costs and improve their overall cloud performance. By using machine learning to analyze cloud usage patterns and recommend cost-saving measures, businesses can achieve significant cost savings and improve their application performance. With the continued growth of cloud computing, cloud optimization platforms like Vantage will become increasingly essential for businesses looking to stay competitive and achieve long-term success.