NYCX Emerges from Stealth, Announces Cloud Exchange

NYCX, a new over-the-counter (OTC) market and spot exchange for trading excess high-performance computing (HPC) capacity, announced its plans to launch later this year.  The company will immediately make its patent-pending Cloud Gauge technology available to interested and qualifying market participants to get acclimated with its cost analysis capabilities.

 

To date, organizations have generally sourced their cloud infrastructure directly from Amazon (AWS) or Microsoft, or via one of their resellers.  However, these providers charge for their services in fixed hourly prices, as if the consumer consistently utilizes 100% of their available resources, all of the time.  NYCX CEO, Tim Martin, says this isn’t actually the case.  “In reality, most cloud consumers only utilize ~10% on average, yet are forced to pay for their entire allocation of resources – even the unused ones”, Martin said.

 

NYCX’s technology, known as Cloud Gauge, is software that measures the consumption of the underlying resources within a computing environment.  Cloud Gauge utilizes a proprietary algorithm, known as the Workload Consumption Unit (WCU), to convert usage metrics from disparate computing resources (Compute, Graphics (GPU), Storage, and Network) into a standardized unit of measure, enabling an apples-to-apples cost comparison and benchmark.  Cloud Gauge works similar to how an electricity meter measures WATT consumption when appliances are powered on.

 

“Cloud computing desperately lacks a secondary marketplace where companies can find liquidity for their excess capacity, and a mechanism to reduce costs of non-production and R&D environments.  The recent rapid adoption of Platform-as-a-Service (PaaS) and container orchestration tools, such as Kubernetes, OpenShift, Docker, and Pivotal Cloud Foundry (PCF), are enabling organizations to abstract their workloads from the underlying hardware on which it runs.  These advancements are so dramatic, that many firms will soon be able to purchase their compute processing power in the same exact way they buy electricity”, says Martin.

 

Interested market participants, such as broker-dealers, value-added resellers (VARs), IT consultants, and cloud suppliers can visit www.thenycx.com/register to sign-up for access to the Cloud Gauge for testing purposes.

 

For all other information or to stay up-to-date on company news, visit www.thenycx.com or follow on Twitter @TheNYCX.

 

About NYCX

NYCX™ is a wholly-owned subsidiary of Carolina Cloud Exchange Inc. (CCE).  The company is building a new on-demand, over-the-counter (OTC) market and spot exchange for trading high-performance computing (HPC) capacity.

Launch of Cloud Pricing Services LLC (09/25/18)

Cloud Pricing Services (CPS), the company delivering trusted and unbiased cloud pricing and analysis, announced a new Workload Cost Analysis product for CIOs and CFOs to quantify their IT budget waste, recover costs, and negotiate cloud pricing with confidence.

 

Traditionally, cloud service providers bill for their infrastructure based on the total amount of computing resources they supply (measured in time), as opposed to the total amount of computing resources an organization actually consumes (like electricity). On average though, organizations only consume a fraction of the total resources they’re being supplied (typically 10% or less), yet they are forced to pay for their entire allocation – including the unused portion.

 

CPS’s technology, known as the Cloud Gauge, monitors and measures the consumption of the underlying resources within a cloud environment. It works similar to how an electricity meter measures WATT consumption when appliances are powered on. The Cloud Gauge utilizes an algorithm to convert disparate usage metrics (Compute, Graphics, Storage, Network) into a standardized unit of measure, known as the Workload Consumption Unit (WCU), so an apples-to-apples cost comparison and benchmark can be made.

 

“A recent Stanford University study reported that 25% or more of all data center investments are tied up running idle IT workloads, generating zero return on investment. Meanwhile, cloud providers like AWS and Microsoft Azure are making a killing because they bill their customers a fixed hourly price. It would be the equivalent of the electric company charging you for your air conditioning unit whether it was running or not,” said Cloud Pricing Services President, Tim Martin.

 

CPS’s Workload Cost Analysis is being offered as-a-service and includes an audit of an organization’s workload usage and costs. For organizations with large cloud deployments, the analysis will provide critical cloud pricing intelligence and empower negotiations from a newfound position of strength with their hosting provider(s).

 

In addition, CPS announced that the Workload Cost Analysis-as-a-Service is now available for Government customers on GSA IT Schedule 70 via an Authorized CPS Reseller.

About Cloud Pricing Services

Cloud Pricing Services LLC (CPS) is a wholly-owned subsidiary of Carolina Cloud Exchange Inc. CPS delivers trusted and unbiased cloud pricing and analysis, so CIOS and CFOs can quantify their IT budget waste, recover costs, and negotiate with confidence. The company provides ‘Made in USA’ patent-pending software that measures high-performance computing resource usage.