Walmart creates software to run hybrid cloud, saving the company thousands of dollars

Walmart has built custom software that allows it to run its back end operations across any cloud system, saving the company thousands of dollars, The Wall Street Journal reported 23. 

The company's hybrid cloud system is based on third-party platforms from Microsoft and Google, as well as an internal server network Walmart has built. The new technology has reduced cloud costs by 10 percent to 18 percent as well as boosted performance for the retail giant. 

"The hybrid cloud allows us to be able to draw the best that the public cloud providers can offer and to be able to combine that with something that is really purpose-built for us," said Suresh Kumar, global chief technology officer of Walmart.

Three U.S. vendors — Amazon, Microsoft and Google — dominate the cloud business, accounting for 65 percent of the global market, according to market research firm Synergy Research Group. But companies like Walmart are trying to reduce costs and gain more control over cloud technology. 

The new move from Walmart allows the company to invest in its own technology and the hybrid cloud. 

The company is now looking at opportunities to sell its technology to other organizations.

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