DigitalOcean Holdings Inc. (NYSE: DOCN) is a cloud infrastructure on-demand provider that enables enterprises and developers to construct, develop, deploy, and scale applications in an affordable and scalable manner. It's instrumental for companies undergoing digital transformation and migrating to the cloud or getting started with cloud computing.
DigitalOcean operates in the computer and technology sector, competing with hyperscalers, including Microsoft Co., Alphabet Inc. and Amazon.com, Inc.
What Is Infrastructure as a Service (IaaS)?
IT infrastructure can be built from the ground up by buying servers, networking equipment, storage equipment, including hard drives and solid-state drives (SSDs) and software, including operating systems middleware, not to mention hiring a talent to manage and operate it. When adding artificial intelligence (AI) capabilities like models, training and inferencing, the costs rise exponentially, especially with NVIDIA Co. GPUs and servers that can cost over $100,000 each.
On the other hand, it can be rented with infrastructure-as-a-service (IaaS) at a fraction of the cost from providers like Digital Ocean. IaaS is way more cost effective, flexible and scalable in case you need to add more capacity and more servers.
DigitalOcean's Droplets Make It Simple
Droplets are DigitalOcean's virtual machines that you can rent as they act as lightweight, customizable servers through the cloud. Droplets are fundamental units of computing power you can manage and deploy on DigitalOcean. They are ...
