In this brief video highlight from the Acceleration Economy course The Cloud Wars Top 10: How It Works, Why It Has Shifted, & How CXOs Use It, practitioner analyst Manny Korakis shares factors companies making big cloud investments should take into account when evaluating vendors.
This episode is sponsored by Acceleration Economy’s “Cloud Wars Top 10 Course,” which explains how Bob Evans builds and updates the Cloud Wars Top 10 ranking, as well as how C-suite executives use the list to inform strategic cloud purchase decisions. The course is available today.
00:01 — In regard to cloud technology, you’re making a big investment. Many of these [agreements with cloud vendors] are typically multi-year, very large commitments.
00:11 — Manny expresses his interest in where a vendor is investing its time and efforts. What are its incentives? What’s the opportunity that customers will have in the future, either for an efficiency play or for some innovation that they can turn around and use in their customer-facing products?
00:34 — Manny says that, if his company signs up for a multi-year deal, they want to be sure that the provider is going to be around. A vendor’s financial stability, therefore, becomes extremely important.