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Cloud Waste: Stick to your Budget with Careful Monitoring of Usage Billings
44 percent of businesses say that their companies are wasting more than one-third of the money that they’re spending on cloud computing, according to a survey by Anodot.
Gartner summarizes six reasons how businesses’ cloud budgets typically get blown:
- Ungoverned costs – No one is monitoring how cloud money is being spent. Cloud bills need to be analyzed with a cost management tool.
- Unanticipated usage – Cloud projects breed new ones, and often unexpected and unplanned projects that use the cloud are started. This could be a good thing, but it is outside the original budget.
- No commitments – Cloud vendors offer discounts when users commit to reserved or dedicated cloud resources, but organizations often worry about committing to something they won’t use and miss out on large savings.
- Dev/Test Waste – Developers are often culprits in mismanaging cloud resources. For example, not shutting servers down when not used or overestimating and over allocating the resources needed for development or testing.
- Not Using Cloud Autoscale – Businesses used to running on-premise even in the cloud like to over allocate resources to give themselves space and capacity that may be needed in the future rather than relying on cloud auto-scaling features.
- Suboptimal Design – Cloud architects may not consider resource cost during their design which can result in unexpectedly expensive implementations.
David Drai, Anodot CEO, said that “shifting to the cloud requires a delicate balance between the speed of workload migration and cost control. Today, cloud cost management – which is all the more crucial as businesses strive to mitigate wasted resources and shore up revenues – should be based on four key elements: visibility, insights, recommendations, and automated actions. Enterprises that are leveraging AI and ML to control and optimize their cloud environments.”
