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However, as HolonIQ reports in its 2024 Global Education Outlook , funding sources slowed across the board in 2023, dropping 59% from 2022 levels. This tradeoff works best when organizations embrace FinOps, Cloud FinancialManagement (CFM) best practices that take a data-driven approach to maximizing business value from cloud spend.
For example, DOE manages numerous legacy applications that support such specialized operations as manufacturing nuclear weapons or managing the operational technology built into the electrical grid. That meant DOE needed to create a system to receive and manage those applications, and they needed to do it quickly.
Additionally, they are simple for first-time cloud users, as they offer greater flexibility in choices of Regions, tenancy, operating system, and usage. Additionally, researchers looking to store, query, and analyze genomic, transcriptomic, and other omics data, can use Amazon Omics , which recently launched at AWS re:Invent 2022.
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