New video production study uncovers cloud native cost efficiencies over lift-and-shift cloud

Rhea-AI Summary

On January 18, 2023, Blackbird plc (OTCQX: BBRDF) and Caretta Research launched a study titled 'Going native: production in the cloud', revealing that the shift to cloud-based media workflows during the pandemic has increased costs and inefficiencies. Key findings indicate that 90% of video users now utilize cloud production, but 65% still rely on outdated workflows that involve moving large media files online. The report highlights excessive infrastructure and storage costs due to ineffective practices, while emphasizing the need for more advanced cloud-native technologies. Blackbird's solution offers editing speeds up to four times faster and a Total Cost of Ownership 35% lower than traditional methods.

Positive

• Blackbird's cloud-native solutions enable editing speeds up to four times faster than traditional systems.
• The Total Cost of Ownership for Blackbird's platform is 35% lower compared to lift-and-shift alternatives.
• Increasing adoption of cloud-native production workflows can lead to cost efficiencies and improved collaboration.

Negative

• High infrastructure costs and inefficiencies persist due to reliance on lift-and-shift cloud strategies.
• Inflated cloud storage costs due to ineffective use and content duplication across workflows.
• 65% of users still depend on insecure and outdated workflows for remote editing.

LONDON, Jan. 18, 2023 /PRNewswire/ -- Blackbird plc (AIM:BIRD; OTCQX:BBRDF), the technology licensor, developer and seller of the market-leading cloud native video editing platform, Blackbird, and leading research consultancy, Caretta Research,  announce the launch of a new video industry study – 'Going native: production in the cloud'.

The rapid adoption of cloud-based media production workflows for remote working and collaboration during the Covid-19 pandemic has led to the proliferation of  higher costs and inefficient workflows. That is one of the headline findings of a new study by Caretta Research, in partnership with Blackbird, which also identifies how a more transformational approach to cloud-native workflows can unlock a new era of cost effective multi-platform operations.

The study, Going native: production in the cloud, also finds that the rush to cloud and remote working has too often been tactical, involving the lift-and-shift of legacy tools and workflows.

While this is enabling short-term operational benefits, and kept the industry working during the pandemic it has frequently led to media operations missing out on the true potential of cloud-enabled live and post-production.

Key areas of increased cost and inefficiencies from lift-and-shift cloud identified in the report include:

• Higher infrastructure costs where static cloud compute instances are used rather than elastic cloud-native services.
• Inflated cloud storage costs where storage tiers are used inefficiently or content is duplicated across workflows.
• Excessive cloud egress bandwidth charges where content is repeatedly transferred in and out of the cloud.

However, in the next step of transformation, a new generation of flexible and collaborative cloud-native technology is being deployed. Camera-to-cloud workflows are bringing tools and creative users to the content rather than requiring the content to be moved around to the users. Live and post-production for TV, streaming and multiple digital endpoints are delivered by internal and external users able to access a single source of content and shared tools.

The new report builds on industry research conducted by Caretta Research with Blackbird, which found that, despite 90% of video users adopting cloud production and remote editing, most of this is still being carried out using old-school inefficient and insecure workflows — with 65% of users moving original high-res media files around the internet to support remote editing workflows, and only 27% of remote editors making use of a cloud-native browser-based production platform like Blackbird.

Robert Ambrose, Caretta Research's Co-Founder and Managing Director, who conducted the research said: "It's clear from our extensive conversations with production operations and technology leaders that we're at the start of the next big transition: from remote lift and shift cloud production to cloud-native production. We expect to see more and more content going directly from cameras to the cloud, and both live and post-production happening there. That not only creates efficiencies, but it's an imperative for handling fast-turnaround content efficiently for multiple platforms."

Blackbird plc CEO, Ian McDonough, added:  "We believe the clear direction of travel for media supply chains is from on premise to cloud. However, the pace of change is sometimes hindered by industry perceptions of latency, limited functionality and high cost. The term bill shock has become more familiar to some media companies in the last few years. The beauty of cloud native systems, like Blackbird, is that the user is able to perform advanced editing functions at up to four times the speed of an on premise system and at a Total Cost of Ownership of 35% less than lift and shift alternatives. As the future looks to be cloud, it needs to be cloud native." 

Download the full findings here: https://www.carettaresearch.com/downloads/cloud-native

About Blackbird plc

Blackbird plc operates in the fast-growing SaaS and cloud video market. It has created Blackbird®, the world's most advanced suite of cloud-native computing applications for video, all underpinned by its lightning-fast codec. Blackbird plc's patented technology allows for frame accurate navigation, playback, viewing and editing in the cloud. Blackbird® enables multiple applications, which are used by rights holders, broadcasters, sports and news video specialists, esports, live events and content owners, post-production houses, other mass market digital video channels and corporations.

Since it is cloud-native, Blackbird® removes the need for costly, high end workstations and can be used from almost anywhere on almost any device. It also allows full visibility on multi-location digital content, improves time to market for live content such as video clips and highlights for digital distribution, and ultimately results in much more effective monetisation.

Blackbird plc is a licensor of its core video technology under its 'Powered by Blackbird' licensing model. Enabling video companies to accelerate their path to true cloud business models, licensees benefit from power and carbon reductions, cost and time savings, less hardware and bandwidth requirements and easy scalability.

www.blackbird.video  
www.linkedin.com/company/blackbird-cloud  
www.twitter.com/blackbirdcloud  
www.facebook.com/blackbirdplc  
www.youtube.com/c/Blackbirdcloud

About Caretta Research

Caretta Research is helping broadcast and media technology buyers and suppliers make better technology decisions by using real information. Caratta Portal is the industry's leading source of market data — based on our decades of experience, continuous hands-on research and an extensive network of technology buyers and decision-makers. We help vendors understand and target their potential market, and help buyers identify the most-suitable solutions—saving time, reducing risk and lowering costs.

To learn more visit www.carettaresearch.com 

Logo: https://mma.prnewswire.com/media/1456628/Blackbird.jpg

View original content:https://www.prnewswire.com/news-releases/new-video-production-study-uncovers-cloud-native-cost-efficiencies-over-lift-and-shift-cloud-301724964.html

SOURCE Blackbird plc

FAQ

What is the main finding of the Blackbird plc and Caretta Research study launched on January 18, 2023?

The study reveals that the shift to cloud-based media workflows during the pandemic has led to increased costs and inefficiencies.

How does Blackbird's cloud-native platform compare to traditional editing systems?

Blackbird's platform offers editing speeds up to four times faster and a Total Cost of Ownership 35% lower than traditional methods.

What percentage of video users have adopted cloud production according to the new report?

The report indicates that 90% of video users have adopted cloud production.

What are some of the inefficiencies identified in the video production study?

Key inefficiencies include higher infrastructure costs, inflated cloud storage costs, and excessive bandwidth charges.

What does Blackbird plc aim to address with its technology?

Blackbird aims to provide cost-effective, efficient cloud-native production solutions that improve collaboration and reduce costs.