Four Stumbling Blocks In Cloud Computing On the Road To Optimized Cloud Spendings

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Organizations move to the cloud for various reasons and one of them is tech cost reductioncontrol over expenses has always been one of the fundamental promises of cloud computing.

But did everything run like clockwork when you said goodbye to your onpremise solutions? Probably, no or not fullyFlexera report shows that cost savings optimization is still a top priority for 61% of respondents.

What difficulties may you come across without timely optimization of cloud costs?

Four Stumbling Blocks In Cloud Computing On the Road To Optimized Cloud Spendings

Common bottlenecks in optimizing cloud costs

Lack of visibility is a global agenda for different IT services, from cloud computing to software development.

Keysight has found that 99% of companies indicated that comprehensive cloud visibility directly impacts their organizationsefficiency and securityit allows to see if their cloud resources are underutilized or overutilized and impact data security by detecting the sources of malicious traffic.

Common bottlenecks in optimizing cloud costs

Meanwhile, Flexeras report underlines that more than 23 of organizations think their cloud spending is inefficient for 30%.

Is your organization among companies that cant handle their cloud computing resources when the business scale and doesnt completely utilize cloud capabilities?

 Percentage of Cloud Spend Wasted

To have accurate data that provides you with actionable insights into optimal investments in cloud computing services, try using data visualization techniques and tools.

If your company is an enterprise with a lot of metrics to track, think of a custom dashboard for cloud cost monitoring. BI experts can build a custom solution tailored to your company’s needs and ambitions.

Also Read: What Technological Solutions Are the Future of Call Centers?

Complex pricing

Migrating to the cloud, you might have an irresistible desire to experiment with the latest technology, which lasts right until you get the bill from your cloud provider.

No wonder you start questioning the feasibility of cloud adoption if the costs are higher than you expected. It doesnt mean that cloud providers want to cheat you by suggesting an illfitting rate plan with unnecessary services.

Its quite the contrary, by the way. For example, the provider can copy your data to multiple locations for redundancy which increases fees for cloud services.

But the variety of possible cloud configurations is expected to respond to the needs of different companies so that every organization could find a solution customized to their requirements.

The ways to get a grasp of and cut your cloud costs

Opt for the consumptionbased model where you pay only for the resources youve utilized and implement a cloud cost optimization framework, which is an essential solution to figure out your bills. This scheme includes:

  • Transparency of cloud usage and its costs over any period in the past and present. Its needed for analysis of actual spending trends and forecasting their changes in the future.
  • Functional and architectural givesandtakes of the cloud. You should find your middle ground to maintain performance at the agreedupon level and not fall outside the planned budget.
  • Clear responsibility assignment for cloud assets and budgets. People become more attentive and conscientious when a certain duty is assigned to a particular employee.

With such an approach, youll be able to optimize resource allocation and get the most of the cloud for each dollar spent. To begin with, analyze your current cloud state and find areas to improve.

Improper provisioning

Any workload increases over time, and, naturally, developers request more resources to ensure that its enough to handle the growing amount of work. However, such an attitude often leads to wasted cloud spending on unnecessary resources.

Solutions that’ll help you to allocate resources wisely

Take advantage of cloud computing performance testing to be aware of your systems stability under changeable workload, and, thus, leverage cloud possibilities at a reasonable price to their fullest.

Heres what you need to do to avoid overprovisioning:

  • Build a culture of cost awareness. Implement a resource tagging modelusage, ownership, department, and cost center. When team members see the direct financial impact of their actions, the level of their responsibility rises.
  • Implement FinOps strategies and practices. Wellthoughtout purchase of cloud services helps pinpoint projects that overspend resources, shut down the system outside working hours, and notify you about cost spikes.

Poor application architecture design

An application cant provide you with the true value of the cloud platform if it was designed to fit an obsolete system.

Earlier, software architects were limited in resources and built onpremise solutions on the set of presources planned for peak workload. Fortunately, things are changing for the better with cloud computing services.

The way to reconsider your architect solution

Analyze your cloud usage trends based on billing to choose what resources and features to use. That way, youll get insights into the most costeffective and resultsoriented cloud architecture to meet the companys requirements.

Cloud technology allows building a system that perfectly meets the workload requirements. Use infrastructureascode, configurationascode, securityascode, etc. to amplify cloud economics benefits.

Lack of automation

One more thing about cloud cost optimization is that you cannot optimize it once and for all. Optimization is a permanent process that requires systematic reallocation of your cloud supply to gain more at a lower cost.

To achieve this, you can automate repetitive tasks. That way, youll save your employeestime for tasks that require their talent and eliminate the risk of human error.

The areas to improve to free up your developers from repetitive tasks

Leverage automation to find violations faster. Think of what can be done without manual labor. Start with setting notifications when costs are projected to exceed a monthly budget and while scheduling working and nonworking hours for nonproduction assets.

Also, establish where to run different types of workloads. A private cloud is suitable for static workloads because they are easy to forecast, while unpredictable dynamic workloads are better to run in a public cloud.

Also Read: 5 Quick and Easy Ways to Generate eBook Ideas

Implementation of the cloud cost optimization practices is an ongoing process

To simplify and speed up this process work with trusted cloud providerspartners. They will create architecture solutions with costsaving in mind, suggest automation tools, provide you with easytounderstand bills, and explain changes in pricing before you get confused with new bills.

You can work with official Google Cloud partners, who will guide and support you in your cloud migration and optimization 24/7. They have a good grasp of the possible pitfalls for you not to get trapped.

If you experience problems with cloud cost optimization and want to revise your cloud strategy, request IT consulting from experts.

Apart from that, you can take advantage of budget cloud cost forecasting to get an idea of future cloud spendings and be able to handle them when the time comes.

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