Although the usage of cloud service has been a norm, yet many still face an acute burden while using the cloud services. Cloud can actually cost more than what was spend while using dedicated servers or traditional software licensing. There are many studies on the cost-effectiveness of cloud computing, and an initial common marketing buzz that it would help to save costs has been proven wrong! A cloud server can be proven to be very costly if you plan to scale it to achieve the result of a dedicated. The users often make mistakes that stop them from seizing the opportunities provided by cloud computing.
What Can We Do to Save Money by Using Cloud Service
Cloud cost management is important because without it, companies will be spending more than they should. This can also help to get an overview of what has been spent so that there are no excesses. If you’re driving blindly to an unknown destination with no one to pay attention, you’ll be over your budget despite your best intentions. Consider that if you’re doing the same thing with your cloud storage, you don’t know what costs are going sky-high.
Cloud services are often not monitored and when they are, it’s difficult to make changes in one’s habits when lenient punishments follow. To effectively regulate cloud usage without costing employees money, appropriate incentives and consequences must be implemented.
The only way to solve this problem is to make unpopular decisions on the company’s part. It’s either take care of accountability now or wait until it becomes a big problem.
Third, lack of optimization in cloud resources is harming many companies. A main focus of a strong Finops program is to reduce cloud spending. The goal and most difficult part: more business added value with less cloud spending.
Companies are able to find and eliminate the causes of unnecessary expenses and find new ways to spend less, for example through discounted programs or reserved instances.
Cloud services help us not to buy the resources we will never use. That means, if your need is a web server with 8GB RAM, you should monitor the performance and avoid using a web server with 12GB RAM. Often we do not notice the ongoing costs of various cloud subscriptions which we barely use. For example, if you do not use Adobe Photoshop, simply stop the subscription after their lock-in period. In the same way, always keep an eye on the ongoing prices offered by various CDNs and DNS services.