Businesses on cloud have seen a sharp increase in the cloud infrastructure growth over the past couple of years. With a range of useful services, various pricing structures with added options for saving costs by various cloud providers like AWS, Azure, Google etc. enterprises have the flexibility to scale their existing IT infrastructures in order to match the performance and workload SLA requirements.
However, without any governance process cloud costs can quickly escalate. Without an adequate understanding of your enterprise cloud spending and IT usage, most companies end up with a bill that is significantly higher than it normally would be.
- Understanding the various usage and cost structures
resource and user licensing have a plethora of different tiers, including small vs. large virtual machine or specific functionality license vs. a full access license. It’s important for companies to figure out which tier suits them best. - Maximizing cloud efficiency with multi-platform environments
Multi-platform environments like AWS BeanStalk are ideal for reducing cloud-cost. The workload-specific approach allows specific tasks to run significantly better and faster. - AWS and Reserved Instances
AWS Reserved Instances can actually be re-purposed to suit different workloads in your business without suffering a penalty. They are basically discounts that companies get for their upfront commitment. They have lower costs of usage per hour, however RI’s will only work if the instances are going to be consistently used. - AWS and Spot Instances
The spot instances are probably the most overlooked. They represent the spare capacity available at large discounts in an auction-based pricing model. By using AWS API’s, you can automate the procurement and usage of Spot instances for your enterprise batch workloads, data cleaning workloads or even use spot instances as part of auto-scaling strategy for enterprise workloads that can tolerate instance failures. - Get the most out of AWS
Categorizing workload as either memory or CPU intensive is one of the first steps in utilizing instances effectively. Once you’ve realized what your company’s utilization patterns are, identifying the type of instances that push the utilization to a higher percentage becomes easy.
Most business leaders and IT owners fail to realize that most cloud providers, including the AWS offer discounts that are proportionate to the increase in the cloud usage. As a CFO or a business leader, you can get complete cloud cost control and governance with intelligent cloud management platforms like Botmetric.
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