Organizations are transforming their industries through the power of data analytics and AI. A recent McKinsey survey finds that 75% expect generative AI (GenAI) to “cause significant or disruptive change in the nature of their industry’s competition in the next three years.” AI enables businesses to launch innovative new products, gain insights into their business, and boost profitability through technologies that help them outperform competitors.
Hey there! Have you ever found yourself scratching your head over unpredictable cloud data costs? It’s no secret that accurately forecasting cloud data spend can be a real headache. Fluctuating costs make it challenging to plan and allocate resources effectively, leaving businesses vulnerable to budget overruns and financial challenges. But don’t worry, we’ve got you covered!
The data landscape is constantly evolving, and with it come new challenges and opportunities for data teams. While generative AI and large language models (LLMs) seem to be all everyone is talking about, they are just the latest manifestation of a trend that has been evolving over the past several years: organizations tapping into petabyte-scale data volumes and running increasingly massive data pipelines to deliver ever more data analytics projects and AI/ML models.
Google recently introduced significant changes to its existing BigQuery pricing models, affecting both compute and storage. They announced the end of sale for flat-rate and flex slots for all BigQuery customers not currently in a contract. Google announced an increase to the price of on-demand analysis by 25% across all regions, starting on July 5, 2023.