DigitalOcean Report Uncovers Barriers SMBs Face in Cloud Adoption, Showing Need for Less Technical Solutions
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Business Wire
While 52% of traditional SMBs believe the cloud is critical to their business success, 43% have zero full-time technical staff to manage cloud solutions NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for developers, startups and small-to-medium sized businesses, today at deploy announced the findings of its latest Currents report.Fifty percent of traditional, non-tech SMBs turned to the cloud to overcome the business challenges of the ongoing pandemic, but the Currents report found that the responsibility of managing cloud services often falls on the CEO, president, or even the owner of the traditional SMB. On top of limited technical staff, traditional SMBs note cost (19%), technical training and education (13%), and time required to manage services (12%) as barriers to cloud adoption. Traditional SMBs are calling for cloud solutions that are less complex and easier to manage.“Developers and SMBs require a different approach to the cloud that addres
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DOCN
Earnings
- 2/21/24 - Beat
DOCN
Sec Filings
- 5/2/24 - Form DEFA14A
- 5/2/24 - Form 8-K
- 4/23/24 - Form 144
- DOCN's page on the SEC website