3 Reasons to Make Cost Assessment Part of Cloud Migration Strategy

3 Reasons to make Cost Assessment part of your Cloud Migration Strategy
July 21, 2021

Want to move to the cloud but not sure of the cost? You’re not alone on this journey!

While moving to the cloud is imperative for businesses to stay competitive in the current scenario and take advantage of enhanced agility, greater scalability, improved resource utilization, and cost reduction that the cloud offers, it is not as easy as it looks.

In the pursuit of saving costs, enterprises often spend more on their cloud migration journey because they fail to assess the cost of migration. Additionally, it brings multiple challenges along the journey:

  • Securing data and applications
  • Keeping a close tab on infrastructure/operations costs
  • Putting “right” governance in place
  • Moving away from the mindset of on-premises infrastructure
  • Keeping up with the pace of ever-evolving cloud technologies

If not addressed in time, these challenges and lack of proper cost assessment might soon make the cloud architecture more complex, costly, less performant, operational overhead, and less secure.

But how do you address these challenges?

#1 Spend on a professional readiness assessment

In a rush to move to the cloud, enterprises often overlook that they do not have a migration roadmap. They overlook the need for a professional assessment and consider it an unnecessary additional expense. In the process, they miss that cloud readiness assessment enables a smooth transition and provides substantial ROI.

A cloud migration readiness assessment considers various factors that influence the costs, like infrastructure costs, migration, and post-migration costs.

Cloud infrastructure cost is one of the most significant factors influencing your migration cost. Data usage, business applications and systems, network, database, storage capacity, etc., are some factors that determine your cost of migration. Once you assess the infrastructure you need in the cloud, you can use the TCO calculator offered by cloud service providers like AWS that consider factors like server type, number of VMs, memory, etc., to determine the cloud infrastructure cost.

#2 Migrate resources strategically

One of the most significant advantages of the cloud is you pay for only what you use. Therefore, it is necessary to identify resources that need to be online 24×7 and resources that are scarcely used. Categorize resources based on their usage to automate start-up and shut down the cloud resource. An assessment report can help you check each resource’s CPU and memory utilization to decide which resources need to be migrated to the cloud and which can be retained on-premise, thereby saving the cost of replicating underutilized resources on the cloud.

The cost of migration largely depends on the strategy you choose. The cost will vary depending on whether you choose to lift and shift, rearchitect, re-platform, re-purchase, or retire. You’ll also need to consider the time you’d need to migrate, the provision for any purchase you’d make, and additional help you’ll need to hire, all of which would push your migration cost higher.

#3 Have an effective backup retention and storage plan

How often have you kept a file on your system, thinking of deleting it later and forgetting it? Though it doesn’t cost us anything except disk space, storage comes with a cost in the cloud. Therefore, it is essential to have a comprehensive assessment to identify the files and applications that need replicating, if they need a backup, and how long? A detailed backup retention and storage plan can help enterprises avoid unnecessary storage costs in the cloud.

Enterprises also need to consider the cost of maintaining the applications in the cloud after migration. Having a team to monitor systems and apps required to function post-migration adds to the total migration cost.

Once you weigh the various factors and costs, you’d need to calculate the total cost of ownership (TCO) to decide whether it is prudent to move to the cloud. If the costs you’re currently incurring are less than the costs you would incur in moving to the cloud, the cloud migration will be beneficial, and you will be able to reap the benefits the cloud offers.

At Rapyder, we help you build a cloud migration strategy for moving your IT systems and applications to the AWS Cloud with minimal cost and effort so that you can reduce your capital expenses, retain the performance, security, minimize support and administrative costs, and retain the reliability requirements your business demands. Contact us to know more about how we can help you assess your migration cost and initiate a seamless migration.


Sign-up for our Newsletter to receive insights, research and expert articles on AWS Services, Cloud Migration, DevOps and other technologies.

Cloud Computing Insights and Resources

Cloud Consulting

6 Reasons to Collaborate with a Cloud Consulting Firm in 2024

The technology landscape keeps evolving, without a break, and the shift towards cloud solutions is undeniable. Companies are increasingly embracing […]

cloud computing

10 Secrets of Optimum Utilization of Clouds 

Cloud computing has emerged as a significant trend in recent years, transforming how businesses operate and delivering a range of […]

AWS migration

An Introduction to AWS’ Migration Acceleration Program

What is AWS MAP?  The Migration Acceleration Program (MAP) stands as an exclusive offering from Amazon Web Services (AWS), available […]