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Not monitoring the changes in your cloud usage or neglecting over provisioning of resources can start to affect your cloud billing before you take notice. Especially in cases where enterprises have a multi-cloud strategy, managing the cloud costs becomes an uphill task.
Make sure you don’t pay for cloud services you no longer require. Utilizing analytics to predict the cloud spend on resources is an important step enterprises should exercise.
Let’s discuss how you can predict and reduce the expenses for your public cloud implementation.
Get the basics right
It is important to monitor daily costs based on data from the cloud providers. Threshold alerts need to be set to make sure you are aware when the critical budget levels are hit and when to reduce the number of resources being used if the need arises. It is important to understand that the cloud vendor’s charges are mostly billed on time used and for data; metrics like storage (at rest) and network (transferred) are used.
Improve the Cloud configurations and rectify any flaws
If you observe abnormal cost rise in a particular month, it is essential to check for any anomalies. Analysis of the consumption trends and cost incurred over a few months must be done to discover any misconfigurations. One of the most common ones is overprovisioning – Network misconfiguration and lack of DDoS protection mostly leads to higher network costs.
Among all these, it is important to identify the spikes which are normal or expected. For example, you may have faced increased compute consumption on the cloud for your e-commerce website during the black Friday sale, which was expected.
Analyze your network traffic
Cloud providers calculate compute costs based on the hourly use of machines so it’s important that you right-size your machines to avoid overprovisioning. Also a scale out architecture can be built on a number of smaller machines.
There could be cases where the networking costs are high due to the traffic from the internet and not from internal network. At times, if the traffic from outside the local network is affecting your costs it could be due to a security breach wherein the cloud resources could be under a DDoS attack.
Analyzing your usage patterns, putting alerts for high network traffic, baselining and forecasting are other measures you can take to secure your cloud resources and cut down costs.
Relook at your storage costs
Storage costs are computed based on the volume of data stored over the time period it is being held on the cloud. There could be two scenarios here which can be fixed to reduce costs – Firstly, data stored for a particular project and the project has ended without the data been deleted and it is unnecessarily occupying space. Secondly, data that has been stored at multiple places mistakenly, without the need for any duplication. Both these scenarios should be corrected.
Data that is rarely used but is still considered valuable for business can be moved to an object oriented storage space like AWS S3 which is less expensive.
To ensure effective cloud cost management, the usage profile of the data being stored should be analyzed frequently to avoid the above mentioned scenarios.
Cloud Cost Management – The right way
Even though workers in the IT landscape are skilled in development and IT operations but not all are experts in cloud based technologies and the related configurations. Due to this there are severe cost implications on the cloud costs due to poor architecture or neglect of traffic patterns on the cloud.
It is therefore necessary to invest time and resources on setting up the right configurations, alerts, utilizing an advanced tool for baselining and forecasting to anticipate the costs in a multi-cloud IT infrastructure and deploying data analytics to spot unusual spikes and hence rectifying them.
It’s important that enterprises face these challenges and develop solutions with the right skillsets and innovation driven partners.
How can Cloud partners like InterraIT help?
Simplify your Cloud journey, increase agility and realize business value faster with InterraIT’s Cloud and Transformation Framework.
Some of the key business benefits we offer include:
InterraIT can help you create meaningful customer experiences by going Digital and using cloud as the foundation of your Technology infrastructure.
Talk to us and we can help you transform your existing cloud setup or build new cloud infrastructure.
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