Cloud management processes and tools are now all set to make cloud usage predictable and budgetable with Gartner predicting that organizations lacking cloud cost management processes will overspend on an average by 40 per cent on the public cloud by 2020. It can be related to conceiving your home utility costs getting away without any control because of lack of monitoring on usage and efforts to conserve.
Most of IT considers cloud computing services almost free, very scattered number deals with the ongoing cloud cost management and usage monitoring technologies until obtaining $300,000 bill. The increased load on public clouds derive increased usage billing, which is not unusual with enterprises obtaining bills around 30 to 40 per cent higher than the expected budget.
The easy fix: Called the cloud cost management or cloud usage management, It involves processes and approaches of tools that let you keep cost in check. Most importantly, keeps the cost levels predictable.
Cost governance tools help to monitor usage and the associated costs depending on the workload, by the user, department or by any other way. These tools acknowledge who’s using what and when, and it costs but also undertakes chargebacks and showbacks to make sure that the right budgets are funding the cloud usage. the most important aspect of this technology is that you can set predetermined limits including setting the usage parameters – that are not provisioning the most expensive instances of storage at all time and by making sure the budget restrictions are abided throughout.
Ironically, enterprises which control costs tend to divert towards cloud costs as an unknown element and accept whatever rolls in with not anticipating the bills.
Now put an end to those days with not engaging in cloud cost governance as those big cloud bills won’t pay themselves. Shift to the simple fix so as to drastically reduce your cloud costs.