6CIOReview | | NOVEMBER 2022The business world is witnessing a surge in the adoption of cloud computing as it makes way for companies to access innovative technologies and drive efficiencies in their operations and processes. To ensure economical and value-driven cloud adoption and utilization, organizations are leveraging various cloud cost management solutions.A recent report by MarketsandMarkets states that the cloud computing platform market is estimated to grow from 545.8 billion in 2022 to $1240.9 billion by 2027 at a CAGR of 17.9 percent. What powers this stellar growth is a gamut of tech trends sweeping across the arena. One such tech trend is highly cost-efficient multi-cloud infrastructure solutions. Businesses are adopting these containerized applications with full gusto to quickly port their applications across new platforms. Vertical-market clouds are increasingly gaining popularity as they allow enterprises to extract industry-specific data sets and realize full business value. Businesses with the ability to build their AI infrastructure in-house are leveraging AI and ML-powered cloud as they provide computing power and storage space at a more economical price compared to rent-as-a-service. Novel low-code and no-code solutions are being provided via the cloud-as-a-service to enable users to develop and run AI-powered applications without having to own the powerful computing infrastructure. This edition of CIOReview delivers a comprehensive view of the recent developments in the cloud cost management arena and insights into how businesses are aligning with these latest trends to transform legacy practices and improve outcomes.We have curated thought leadership articles from industry experts, the Director, AI Advancement Center and Cloud at Ford Motor Company, the Vice President, Cloud Security Advisor at SunTrust, and the Senior Director, IT Consulting, Data Centre Solutions, CBRE. We also took a deep dive into the market trends to narrow down the list of companies delivering robust cloud cost management solutions. Equipped with innovative technological capabilities, these enlisted companies, such as Amberflo, CloudSaver, and Exstratus, help transform businesses at the cloverleaf of various disruptive technologies. We hope this edition of CIOReview on cloud cost management special helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! EditorialMaking Cost-Effective Cloud Computing a Tangible Reality Copyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com November - 23 - 2022, Vol 10, Issue - 66 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewVisualizersDavid fincherJaxon Jase*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell Thomas
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