As businesses increasingly move to the cloud, optimising cloud costs has become a top priority for CIOs and other IT decision-makers. After all, the cloud is a pay-as-you-go model, so even a small inefficiency can add up to big expense over time.
There are a number of ways to optimise cloud costs, but the best place to start is with a review of your current usage and spend. This will help you identify where your biggest expenses are and where you might be able to save.
A few key factors to consider when assessing your cloud spend include:
- Efficiencies: Are you using the right mix of resources? Could you use lower (but still effective) compute power or storage?
- Redundancy: Do you have resources that are redundant or no longer needed?
- Scale: Are you using more resources than you need?
Once you have a good understanding of your current cloud spend, you can start to look at ways to optimise.
Strategies for cloud cost optimisation
One of the best ways to optimise your cloud costs is to right-size your cloud resources. This means ensuring that you are only using the resources that you need, and that they are sized appropriately for your workloads.
2. IDENTIFYING AND REMOVING UNUSED RESOURCES:
Another way to optimise your cloud costs is to identify and remove any unused resources. This could include resources that are no longer needed, or resources that are underutilised.
3. UTILISING AUTO-SCALING:
Auto-scaling is a great way to optimise your cloud costs as it allows you to dynamically scale your resources up or down based on demand. This means that you only pay for the resources that you actually need, when you need