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Onix Positioned as the Leader in the 2024 SPARK Matrix for Cloud Cost Management & Optimization by QKS Group
- The QKS Group SPARK Matrix™ provides competitive analysis and ranking of the leading Cloud Cost Management and Optimization vendors.
- Onix with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact.
NEW YORK, Sept. 11, 2024 /PRNewswire/ — QKS Group has named Onix as a technology leader in their 2024 SPARK Matrix™ analysis of Cloud Cost Management and Optimization market.
The QKS Group SPARK Matrix™ evaluates vendors based on technology excellence and customer impact. It offers an in-depth analysis of global market dynamics, major trends, vendor landscapes, and competitive positioning. By providing a competitive analysis and ranking of leading technology vendors, the SPARK Matrix delivers strategic insights that help users assess provider capabilities, differentiate competitively, and understand market positions.
Onix was chosen as a leader in the 2024 SPARK Matrix for Cloud Cost Management & Optimization due to its outstanding capabilities in optimizing cloud costs and enhancing operational efficiency in complex multi-cloud environments.
QKS Group defines Cloud Cost Management and Optimization (CCMO) as a strategic practice that encompasses understanding, evaluating, and controlling cloud computing expenses while maximizing efficiency and performance. It involves the continuous process of aligning cloud resource usage with actual needs, eliminating waste and optimizing architecture to achieve the best possible value. CCMO aims to balance cost reduction with maintaining service quality, supporting growth, and ensuring compliance and security across an organization’s cloud infrastructure.
“Onix provides a robust solution that offers a unique value proposition by integrating seamlessly with its broader cloud services portfolio, particularly in cloud migration capabilities,” said Manish Chand Thakur, a Senior Analyst at QKS Group.”Onix platform uses advanced machine learning algorithms to deliver intelligent cost optimization suggestions, such as rightsizing, reserved instance purchases, and workload placement, enabling organizations to manage and reduce their cloud expenses effectively.” Thakur further adds “Onix excels in tracking the effectiveness of FinOps and cost optimization practices using dollar-driven metrics and places a special emphasis on achieving aggressive cost reductions in non-production environments, resulting in more substantial savings.”
“Onix is proud to be recognized as a leader in the 2024 SPARK Matrix for Cloud Cost Management and Optimization,” said Niraj Kumar, CTO of Onix. “This accolade underscores our commitment to deliver innovative solutions that optimize cloud costs and boost performance in complex multi-cloud environments. Our focus remains on a customer-centric approach, ensuring our clients navigate and thrive in the rapidly changing cloud landscape.”
The CCMO market has experienced significant growth due to rapid cloud adoption, financial constraints, and the rising difficulty of managing multi-cloud and hybrid systems. This convergence has fueled high demand for solutions that optimize cloud spending and eliminate unnecessary costs. Due to these factors, the CCMO market has seen an influx of new entrants and expanded offerings from existing players. Cloud service providers have enhanced their native cost management capabilities while hybrid cloud management vendors have added deeper public cloud features. CCMO market is poised for further evolution where there will be an increased focus on automation leveraging AI and ML. The market is also likely to see a greater emphasis on cross-functional collaboration tools and advanced predictive analytics for proactive cost management. As cloud environments continue to grow in complexity and scale, CCMO solutions will play an increasingly critical role in helping organizations maintain financial control and optimize their cloud investments.
Additional Resources:
- For more information about Onix, visit here
- SPARK Matrix: Cloud Cost Management & Optimization, 2024
About Onix:
Onix is a trusted cloud solution provider and premier Google Cloud partner that helps companies migrate to the cloud and get the most out of their data and technology with innovative, IP-backed AI-powered solutions and services. Onix is able to deliver exceptional results for customers because of a 20+ year partnership with Google Cloud, our dedication to customer success, and depth of patented technologies and expert teams.
Contacts:
Sagar Desai
[email protected]
About QKS Group:
QKS Group is a global advisory and consulting firm focused on helping clients achieve business transformation goals with Strategic Business and Growth advisory services. At QKS Group, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://qksgroup.com/
Media Contacts:
Shraddha Roy
PR & Media Relations
QKS Group
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Middleton Massachusetts 01949
United States
Email: [email protected]
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Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
The post Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets appeared first on .
LIMASSOL, Cyprus , Nov. 15, 2024 /PRNewswire/ — Doo Group is proud to announce that Doo Financial, one of its brands, has been awarded a new license by the Cyprus Securities and Exchange Commission (CySEC). This achievement strengthens Doo Group’s commitment to providing a secure and regulated trading environment for its clients globally.
Expanding Regulatory Reach
The addition of the CySEC license highlights Doo Group’s extensive regulatory framework, which already spans across multiple financial jurisdictions, including the United Kingdom, Australia, Hong Kong and Malaysia. This strategic milestone reflects Doo Group’s dedication to ensuring compliance with international regulatory standards and prioritizing client security. As a European Supervisory Authority, CySEC offers a robust regulatory environment and is expected to enhance client confidence. For Doo Group, this new regulatory milestone reinforces its reputation as a trusted, reliable financial services provider.
“Acquiring the new license from CySEC is a significant milestone for Doo Financial, marking a key step in our ongoing growth and strategic expansion. This achievement not only reinforces our commitment to maintaining the highest standards of regulatory excellence but also solidifies our position as a trusted, reliable financial institution within Europe. By aligning with CySEC’s rigorous requirements, we are better positioned to offer enhanced services to our clients, foster greater transparency, and ensure long-term stability in an increasingly complex and dynamic financial landscape.” Costas Kappai, Doo Financial EU
Strengthening Client Confidence
Doo Financial EU, the European branch of Doo Financial, is now positioned to serve clients across Europe under the guidelines of a European Supervisory Authority. European clients will benefit from CySEC’s regulatory protections, including client fund safety and transparent business practices, ensuring a secure and trustworthy trading experience. This development allows Doo Financial EU to offer its suite of financial services and trading products to a wider audience, backed by the credibility and oversight of CySEC.
By expanding its regulatory reach, Doo Group continues to strengthen its position in the global financial market, enabling clients to trade with confidence. The CySEC license is another step toward achieving Doo Group’s vision of becoming a leader in financial services.
About Doo Group
Founded in 2014 and headquartered in Singapore, Doo Group is an international financial services provider with a focus on FinTech. With operations across 10 major business lines—including Brokerage, Wealth Management, Payments, and Digital Marketing—we are dedicated to delivering comprehensive financial solutions that empower our clients to explore a better future.
View original content:https://www.prnewswire.co.uk/news-releases/doo-group-strengthens-global-reach-with-cysec-license-for-doo-financial-302306893.html
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