Controlling Cloud Costs: How to Go About it Smartly

Moving your IT resources to the Cloud was supposed to save you money. Instead, costs do not seem to stop piling up! So, what went wrong? And where?

More often than not, the answer lies in the implementation of Cloud infrastructures and how they are managed. There are many leading factors that impact the underlying Cloud costs. Let’s take a quick look at how you can manage each of them:

1. Cloud Inventory Visibility

This is common sense. If you are unable to access a holistic view of your Cloud infrastructure, spotting loopholes can be a neverending task! You need to analyze your entire Cloud ecosystem and drill down on unused resources. Even something as simple as a consolidated dashboard can do the trick for you.

2. Cost Analytics

Apart from an end-to-end view, it is also crucial to dig into the present and future usage trends. Niche details in the form of interactive graphical and tabular reports can help you access specific business data.

3. Role-Based Access

Limit the roles of users and allowing only the right stakeholders to access the Cloud is the next step. Such limitations would help users to manage launched, terminated, or changed instances in the cloud, appropriately take corrective actions, and control the costs.

4. Automated Alerts and Notifications

All day-to-day changes in your Cloud environment need to be shared via custom-built reports that chart out all associated costs, usage, and performance metrics. Notifications that should be targeted include authorization failures, budget overruns, cost spikes, and untagged infrastructure.

5. Policy-Based Governance

Setting up the right policies that track Cloud usage and costs across every specific tool or vendor-specific product can take the game to another level altogether. For instance, operational hours can be set up to automatically launch and shut down virtual machines. Instances can then be accordingly sized to find the right balance between performance and cost.

6. Maximizing Cloud Vendor Discounts

Cloud vendors are known to provide discounts from time to time. For instance, Amazon Web Services offer the option of leveraging Reserved Instances. Using such deals in a smart manner can significantly bring down the value of your spend, both in the long and short run.

If you don’t know the intricacies of the trade, managing a Cloud infrastructure (and especially a multi-cloud architecture) is no less than driving blindfolded into the night. These tips will help you light up the road ahead, possibly steering you away from pitfalls.

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