Exchange based price discovery creates competition through a real bid/offer based marketplace. UCX provides a standardized, apples to apple type pricing and allocation intelligence as a basis for comparison. Our proprietary metering measures use and precisely tracks spending.
UCX saves money by easily cutting wasted and useless cloud spend from your IT budget. A better balance between use and spend allows users to redirect capital to innovation and revenue. Sellers get access to a reliable marketplace, with multiple buyers, to monetize spare capacity.
Now compute resources can be bought and sold on your terms at your price, when you need them, and with zero pre-commitments or reserved instances. When the needs change, UCX is there to help you adjust to changing compute requirements. This is the future of the cloud today.
We are participating in UCX as a way to monetize our excess inventory and provide a normalized vetting process. What UCX does is bring some efficiency to the process for us. What I want to do is maximize utilization on my cloud.
I know that I am getting a competitive price because people are competing for my business. Now I can just go to UCX and they have their marketplace with different providers, which saves me lots of time and makes sure I am getting the best deal.
We are heading towards a market where firms will purchase computing power in the same way they buy electricity or telecommunications.