DigitalOcean Has a Smart Strategy for a Tough Economy
Cloud computing platform DigitalOcean (NYSE: DOCN) has carved out a niche for itself in the industry by focusing on simplicity. While Amazon Web Services and other hyperscale cloud platforms offer expansive product lists and complicated pricing schemes, DigitalOcean focuses more on core offerings and keeps pricing transparent.Developers and businesses without vast IT budgets have been drawn to DigitalOcean. The company now has more than 170,000 customers spending at least $50 per month.A new CEO took over in early 2024, and the company has tweaked its strategy in an effort to accelerate growth. While simplicity remains at the core of DigitalOcean's platform, the company is now emphasizing the significant cost savings customers can achieve by switching from a hyperscaler. DigitalOcean claims that customers can see total cost of ownership savings of more than 30% by moving to its platform.Continue reading
Cloud computing platform DigitalOcean (NYSE: DOCN) has carved out a niche for itself in the industry by focusing on simplicity. While Amazon Web Services and other hyperscale cloud platforms offer expansive product lists and complicated pricing schemes, DigitalOcean focuses more on core offerings and keeps pricing transparent.
Developers and businesses without vast IT budgets have been drawn to DigitalOcean. The company now has more than 170,000 customers spending at least $50 per month.
A new CEO took over in early 2024, and the company has tweaked its strategy in an effort to accelerate growth. While simplicity remains at the core of DigitalOcean's platform, the company is now emphasizing the significant cost savings customers can achieve by switching from a hyperscaler. DigitalOcean claims that customers can see total cost of ownership savings of more than 30% by moving to its platform.
