A guide to enterprise cloud cost management – understanding and reducing costs

Managing the integrated cloud systems and then migrating to the cloud is not an easy thing at all but if you find it incumbent to move to the cloud and then take care of your interests in there then you will have to pay a heavy sum for it. Yes, if some of you were thinking that cloud technology was going to be free or getting covered with minimal expenses then you need to think once again.

Cloud computing, migration, implementation, configuration, management as well as deployment comes with extensive costs that needs to be covered by the enterprises. GCP cloud architect certification is needed for the professionals who want to properly adopt this thing as a profession and serve industries with cloud intensive services.

Many organizations have scalable benefits from moving onto the cloud and then continuing their operations there, for starters less management and more protection of data is guaranteed in there. Apart from these some other benefits might be tempting enough for the organizations to choose the cloud based solutions but managing costs at the same time might be extremely difficult to pull off. This article is all about the various costs that arises in terms of cloud management and how to properly address these various costs in a unified manner. So, without further ado, let’s get right into it;

Challenges associated with cloud costs

One of the most challenging aspect of cloud computing is that organizations have a very hard time tracking the actual costs and forecasting the usage of the computing systems. Not only the cloud reporting and survey management can prove really helpful for the management of costs but can provide with a dedicated approach to minimize the costs at the same time. Following challenges need to be addressed right away in a cloud intensive world;

Evaluating the costs of cloud migration

The first thing that you need to address while migrating to the cloud is to determine the overall costs of the operation. You should not meddle with the affairs of the migration if you don’t have a clear and concise image of what kind of costs you would be dealing with. With this said aloud the first thing that you need to do is to spectate the current billing models of various private cloud vendors and make an assumptions such as what kind of package would complement your needs in a cost-effective manner.

Not all of the packages are going to tempt you with going through with them, there would be either performance based issues over low prices or unnecessary resource inclusion at very high price.

This is not what you need to go with because you need the optimized performance at optimized costs. Furthermore, what needs to be done is to choose the cloud vendors that offer customized packages such as only including and paying for the resources that are included in the package. This is also a great way to manage the costs and keep them at minimum.   

Multi-cloud systems costs

Some of the businesses and websites might not fit or align with the dedicated cloud computing systems and then might aim for the multi-cloud systems. This is not a really bad option but still puts into practice the use of extra features such as integrating, development and deployment of the applications on multiple clouds at the same time. You might need the extra bandwidth and CPU power to even the odds which could evidently add more costs to your bill with the integration of the applications onto the multiple clouds.

Make an assumption of all the costs that you might have to bear in the future and tread lightly as multi-cloud systems are not going to come with easy management and less costs. This is a challenge which needs to be taken not lightly but be thought upon and then acted along.

Multiple areas where costs can be cut

Dealing with all the hype of cloud computing and migration can be heavy for the business as well as the web based integrations. Therefore, the need to cut costs at every turn is paramount and supported by almost all of the businesses that indulge within cloud computing and migrating their assets to the cloud. Why is it necessary should you ask to cut the costs at various small sections instead of going behind a particular one? Because cutting down a massive element of the project is going to affect the performance of the cloud and is not going to help in bringing down the costs.

Therefore, costs from each and every cloud based section needs to be brought into the consideration and then simultaneously torn off to bring about any suitable results. Following are some of the areas from where you can cut the cloud costs;

• Make sure that your management teams and related personnel can spectate all of the resources that are being used and have their say in buying or hiring new ones. This way all of the resources would be monitored up close and beneficial results would be drawn.
• The next thing that you need to do is to associate the resources with the specific type of the users that are spending them. You can either use tags or build special programs that can sense the spend and its dedicated source and then put up with what’s left in the inventory and how long can it be used.
• Build up realistic and suitable budgets for each and every cloud based resource that you are using, doing so would help you to come around what you are spending and what originally needs to be spent thus helping you to manage the costs.
• Determine whether or not your cloud environment needs a 24x7 availability or is it alright to shut it down for time being such as on holidays and weekends. Because doing so would help you cut down costs immensely.

These are some of the areas where cloud costs can be better managed and cut significantly. If you want to best manage your cloud based interests then it is advised that you seek the services from cloud computing training institute. Doing so would help you to better manage and think thoroughly which resources are important and which ones need to go.