How to manage your cloud costs efficiently?
Recent study indicates that companies who start with a focus on managing their cloud cost efficiently will often benefit from having a great baseline from which they can define their own unique roadmap and playbook for implementing cloud governance policies. They can then work to define and implement the cloud governance – the decision making processes, policies and procedures - required to optimize cost, maintain security and compliance, and ensure that the business is able to be more agile in addressing their target markets. Think of it this way – if you have a "cloudy" (pun intended) idea where you are spending on cloud computing and why, then you cannot really make the best decisions as to the investments priorities for your cloud governance efforts. Why spend a lot of time and money on securing data to four or five different cloud storage services when you really only need to be using just one or two of them? Getting a good handle on the sources of your cloud cost, therefore, will be very valuable to your decision making when developing your cloud governance roadmap. When it comes to understanding and managing the cost of cloud services there are many complicating factors. Almost universally, companies of all sizes are