After All, In Cloud You Don't Only Pay For What You Use
If you too have jumped on the cloud bandwagon without completely understanding the
implications of the trade, chances are that you are bleeding cash or revenue. And fast!
Hidden and unoptimized cloud costs are the leading causes of soaring cloud costs. While the “pay-per-use” model looks attractive on paper, what we often do not realize is that ‘use’ comes with a rider warning. Let’s look at the leading cloud usage practices that will optimize your cloud infrastructure costs:
1. Consider the Cost of Migration
Moving or tweaking the cloud infrastructure is not an easy feat. It calls for careful planning and strategizing, related to data migration, code architectures, and applications. It is necessary to have the entire course of migration charted out to avoid hidden costs such as indirect costs for integration, coding and data backup costs, and the like.
2. Tap into Cloud Cost Analytics
Cloud costs analytics provides you with an overview of cost visibility, comparison, and chargeback details. Not only does this help you understand the correct workload placements, but you can also compare the costs of internal provisioning to external sourcing.
3. Avoid both Over and Under Provisioning
The key is to find the perfect balance between the deployed cloud resources and its underlying management. Overshooting cloud resources or under-allocating them can be equally devastating, as far as revenues are concerned. You should be aware of just the right amount of resources that need to be deployed. While under-provisioning hinders business performance, over-provisioning leads to idle resources and inflated costs!
4. Poor Management of Cloud Deployment
Poor code deployment, unintended or mismanaged configuration changes, and improper job deployment can all increase cloud costs. This can be mainly attributed to a lack of automation or undefined processes. Manual processes not only increase direct costs but also add to the indirect costs of resource management.
5. Cloud Service Costs
It is relatively common for cloud service providers to hook customers onto their platforms with lucrative offers. But these usually last for up to a certain limit, post which the services become billable. Recent cloud migrators often fall into this trap by forgetting to cut down on unwanted costs and extra resources!
An absence of any of these techniques can hike your costs beyond measure. To avail cloud
management and automation intelligence that help you tame your cloud costs, check out
Which of these cloud cost management practices have you been missing at your organization? Share with us in the comments section!