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.”
Read more: https://www.businessinsider.com/consumption-based-pricing-snowflake-cloud-companies-risky-market-downturn-2022-5?r=US&IR=T
Keywords: Cloud Computing Cloud Data Provider cloud database