Virtana, a provider of AI-driven monitoring solutions for hybrid cloud management, has been named in Forrester’s Now Tech: Cloud Cost Management and Optimization (CCMO), Q2 2022 report. Forrester analyzed 30 vendors with varying size, functionality, geographical presence, vertical market focus and offering type. Virtana is categorized in the large, established vendor market presence segment and in the standalone CCMO functionality segment. According to the Forrester report, “Standalone CCMO tools provide the deepest functionality for public cloud optimization.”
Forrester’s Now Tech: Cloud Cost Management and Optimization Q2 2022 report helps tech leaders understand the value they can expect from a CCMO provider and motions them to select one based on size and functionality.
The report, co-authored by Forrester Senior Analyst Tracy Woo, states that “To meet employee and customer expectations, cloud leaders need to lean into tools that can increase efficiency …” and therefore encourages leaders to “Lean into automation.”
The report defines three cloud management functionality segments – Native Cloud Management, Standalone Cloud Cost Management and Optimization (CCMO) and Integrated Cost Management. Virtana was named in the Standalone CCMO segment, which contains “tools [that] are purpose-built for cost management and optimization of resources … their functionality tends to be the deepest relative to other categories.”