Cloud computing’s favorite new business model is starting to look like a huge risk as markets sour
The popular pay-as-you-go model for cloud computing is unexpectedly now seen as a risky proposition.
Given that consumption-based pricing is a recent development, there isn’t much data on how it will perform. Emil Eifrem, the CEO of Neo4j, another database provider that operates a consumption-based model, said there would be a sharp learning curve for all players.
“We don’t have answers in the downturn,” he said. “We’re all going to learn a lot over the next several quarters, and I think we will all come out of it smarter. Amazon Web Services was around in 2008, so they might have some data on it, but that’s it — no one else has anything.”
Keywords: Cloud Computing • Cloud Data Provider • cloud database