loud Cost Optimization

Cloud Cost Optimization

OverviewToday, provisioning and scaling resources in cloud is easy and simple and can be done with a click of a button. Organizations are leveraging the latest and most innovative cloud services to expand their businesses, one thing they don’t realize is the complexity of managing over-provisioned and under-utilized resources and cost optimizing to get the maximum benefits at the lowest price point.

The reality of the cloud is that the total cost of ownership steadily rise over time and without clear insights into what drives your spend, strategic cost reduction is impossible.

CLOUD COST OPTIMIZATION

Cloud Cost Optimization is developing a cost reduction strategy and implementation plan to reduce the cloud bill without negatively impacting the business and the performance. Take control of the total cost and continuously optimize your cloud spend, while building modern, scalable applications to meet your business needs.

Cloud Cost Assessment

Cloud Cost Optimization is developing a cost reduction strategy and implementation plan to reduce the cloud bill without negatively impacting the business and the performance. Take control of the total cost and continuously optimize your cloud spend, while building modern, scalable applications to meet your business needs.

• Analyse provisioned services & resources, their sizes & associated costs. One of the best approach to start with is to identify the top 5 cost consuming resources.

• Identify the resources and services as per the production and non-production environments.

• Perform usage analysis and patterns for all services and resources to match capacity with demand and identify waste resources.

• Assess the anomalies, improvement areas, standardized approach and architectural gaps.

• Prepare a roadmap for cost optimization which includes forecasts and trends, recommendations for cloud optimization and application modernization

Cost Optimization Best Practices

• Decommission or terminate unused services & resources.

• Implement right-sizing for all over-provisioned resources.

• Purchase or modify reserved compute resources or bid for spot resources based on sizes and usage.

• Use managed services or PaaS to reduce cost of ownership.

• Resize non-production environment resources and decommission them during holidays and weekends.

• Create a di erent disaster recovery strategy (downtime and data loss) for production and non-production environments and applications.

• Rearchitect application to leverage cloud native services instead of using third-party

tools or buying environments.

• Optimize storage services including backup, infrequent access tier, archive, and lifecycle policy.

• Allocations and Tags based on environment, business application, projects, departments, etc.

• Avoid orphaned resources and always use new and latest services.

• Automate infrastructure provisioning with templates, launch configurations, and scripts wherever possible.

• Establish policies and mechanisms to ensure appropriate costs are incurred.

• Set budgets and alarm for consumption and cost notifications.

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