Maximizing ROI with CloudOps: Cloud Cost Optimization

3. Modernize your Cloud Infrastructure

When organizations migrate to Cloud, refactoring their applications, as well as processes, is essential. Deep application modernization can reduce hidden costs that your lift-and-shift migration has forced onto your Cloud infrastructure. It helps you reduce CI/CD costs too.

4. Collect, analyze, and utilize data efficiently

CloudOps automation tools are great at fetching the data that your team should be keeping an eye on. There also are tools to deploy advanced analytics and automated resource monitoring processes to collect more useful data.

Analyzing this data/information is a great way to understand your Cloud infrastructure and realize how to make it perform better. You can utilize the Cloud data for in-depth testing, background processing batch analytics, and reporting in order to improve your infrastructure-related decision-making and intelligence. Doing so will significantly cut down the extra costs.

5. Perform Resource Optimization from time to time

Using CloudOps, it becomes easy to do the following:

• Understand your processes;
• Figure out which resources are idle;
• Guess which storage space can be freed;
• Eliminate unnecessary traffic across zones and regions;
• Perform network configurations as per the updated business needs;
• Find non-production environments that are sitting in your Cloud for days;
• Mark potential areas where cost-cutting is possible, and so on.

With this knowledge, resource optimization and cost-cutting become straightforward tasks.

6. Be a proactive decision-maker as an organization

CloudOps frees you from manually looking into your Cloud infrastructure and network for trivial things. It helps you quickly access a broad picture of your Cloud with much less effort. With real-time analytics data it puts on your fingerprints, organizational decision-making becomes easy and effective.

To maximize your ROI through CloudOps, you must use take quick decisions related to the following with its help:

• Cloud resources purchase management
• Cloud storage selection and management
• Scaling or shrinking the Cloud

7. Use Reserved and Spot Instances

When you turn to your Cloud provider after the demand for a resource arrives, it will have a higher cost. In case you don’t know, Cloud providers like AWS, Google Cloud, and Microsoft Azure have incentivizing plans/features for committed customers. You can go for –

• Reserved Instances when you want some resources for 1-3 years. It will save you up to 33%.
• Spot Instances when you want to leverage the Cloud's unused capacity at less expenditure for your low-priority instances, you can save up to 90% with ease.

Not sure how to find plans or Cloud providers offering such benefits? Your CloudOps experts or CloudOps support team must be able to tell. Ask them.

8. Check your licenses

Unnecessary licenses, as well as expired licenses for useful applications, add to business operations (or non-operations) costs. With the help of CloudOps, you can track your licenses better and save this cost. It will also help you and your team operate and work smoothly.

9. Prioritize security

An unsecured Cloud is the riskiest thing to own for an organization. You put your data, assets, business, and customers at stake when your team overlooks security.

As CloudOps can help you automate a few security operations while improving others, opting for it is undoubtedly a great way to save costs and build trust in the market.

10. Leverage automation

CloudOps ensure that your business takes full advantage of automation – a practice that inherently aims at cost-cutting. You can opt for the following paths (a few or all) progressively and reduce your operations cost

• Reactive and predictive (AI-based) auto-scaling;
• Backup and data recovery
• CloudOps maintenance
• Cloud rightsizing
• Cloud organization (by teams, departments, applications, etc.)
• Continuous cloud cost optimization
• Cloud storage reviews