Cloud is evolving and growing in every industry for all the benefits it comes with. Cost optimization is a way to reduce the total cloud cost by only charging for services that are used, discarding waste, and using resources that are needful for the organization.
The cost-effectiveness of computing services is determined by the features it provides. Cloud has been a cost savior to organizations. Although it is a time-consuming process, cloud utilises the benefits of a hybrid cloud infrastructure from private and public cloud, and keeps the ability to reduce labor demand, maintenance cost.
Let us assume the organization is already on Cloud and look at some best practices to reduce cloud costs.
A Detailed Assessment
The preliminary step to cut short on cloud bills is to conduct a detailed assessment of the software licenses and hardware assets in the form of a Migration Readiness assessment. The evaluation gets into understanding the dependencies of the applications, databases, hardware, and software assets in the infrastructure.
An assessment report can identify the flaws and show the deficiencies in the software licenses or any hardware asset. It also helps in knowing where your application is, what is your security management posture.
AWS has its own assessment tools such as Cloudamize, CloudChomp for a better maintained AWS cloud cost.
Run a Cost Optimization Assessment
The cost optimization analyzes whether the workload needs to run on reduced hardware assets or choose a different family of processes. For example, choosing AMD over Intel as your processor can save up to 10% to 15% of the IT costs.
A cloud cost assessment, an activity that might take up to two man-days to be completed. This job is carried out by a team of professionals, which analyzes the workload capacity of the cloud infrastructure.
Big scale organizations like Netflix, Pinterest, Instagram, MediaMath have taken to Cloud and expanded and upgraded their business to a whole different level. The business expansions are successful specifically for the cost-effectiveness feature of Cloud, without any harm caused to data security or the performance.
How Rapyder helped companies in reducing cloud bills
Rapyder, an innovative cloud provider with fast solutions and 24*7 support, has helped many companies migrate to Cloud and specifically to AWS Cloud for a better cost structure with over 200 cloud services.
AWS certified professionals from Rapyder take a look into all the log files and have assisted companies like MediaAssist, Oxigen, RupeeRedee, and NeoGrowth migrate to Cloud to achieve better performance with saving a great deal of value on cloud costs.
Conclusion
Industries across the globe are migrating to cloud for better business out-turn, saving on costs with uncompromised data security. Among a few ways of reducing your cloud bills, running a detailed assessment works the best as it comes up with issues that can be performed on, thus saving the unnecessary spend on Cloud bills.
Businesses can look at this blog and decide which might be the best practice for reducing cloud bills for them.
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