Zelma  Gerlach

Zelma Gerlach

1624852620

Cloud Financial Management

What is cloud financial management?

Cloud Financial Management, or FinOps, is the operating model for cloud solutions. It combines tools, processes and best practices that enable an organization to better understand, manage and optimize its cloud usage and spending. In addition, cloud financial management fosters collaboration between management, IT, development, finance and procurement departments.

Change of approach to technology consumption with FinOps adoption

Until recent years a certain modus operandi was elaborated and used over the decades. It was based on a cycle that starts when engineering or IT teams request finance teams to procure IT infrastructure and ends when operation teams install it and hand it over to engineers.

This process raises CapEx, takes much time and effort, and increases the cost of failure for organizations due to its sluggishness. It also becomes a limiting factor to experimentation and innovation on behalf of IT teams, who can therefore become even incapacitated by dependencies from other departments.

#cloud-cost-optimization #cloud-computing #cloud-management #cloud

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Cloud Financial Management
Adaline  Kulas

Adaline Kulas

1594162500

Multi-cloud Spending: 8 Tips To Lower Cost

A multi-cloud approach is nothing but leveraging two or more cloud platforms for meeting the various business requirements of an enterprise. The multi-cloud IT environment incorporates different clouds from multiple vendors and negates the dependence on a single public cloud service provider. Thus enterprises can choose specific services from multiple public clouds and reap the benefits of each.

Given its affordability and agility, most enterprises opt for a multi-cloud approach in cloud computing now. A 2018 survey on the public cloud services market points out that 81% of the respondents use services from two or more providers. Subsequently, the cloud computing services market has reported incredible growth in recent times. The worldwide public cloud services market is all set to reach $500 billion in the next four years, according to IDC.

By choosing multi-cloud solutions strategically, enterprises can optimize the benefits of cloud computing and aim for some key competitive advantages. They can avoid the lengthy and cumbersome processes involved in buying, installing and testing high-priced systems. The IaaS and PaaS solutions have become a windfall for the enterprise’s budget as it does not incur huge up-front capital expenditure.

However, cost optimization is still a challenge while facilitating a multi-cloud environment and a large number of enterprises end up overpaying with or without realizing it. The below-mentioned tips would help you ensure the money is spent wisely on cloud computing services.

  • Deactivate underused or unattached resources

Most organizations tend to get wrong with simple things which turn out to be the root cause for needless spending and resource wastage. The first step to cost optimization in your cloud strategy is to identify underutilized resources that you have been paying for.

Enterprises often continue to pay for resources that have been purchased earlier but are no longer useful. Identifying such unused and unattached resources and deactivating it on a regular basis brings you one step closer to cost optimization. If needed, you can deploy automated cloud management tools that are largely helpful in providing the analytics needed to optimize the cloud spending and cut costs on an ongoing basis.

  • Figure out idle instances

Another key cost optimization strategy is to identify the idle computing instances and consolidate them into fewer instances. An idle computing instance may require a CPU utilization level of 1-5%, but you may be billed by the service provider for 100% for the same instance.

Every enterprise will have such non-production instances that constitute unnecessary storage space and lead to overpaying. Re-evaluating your resource allocations regularly and removing unnecessary storage may help you save money significantly. Resource allocation is not only a matter of CPU and memory but also it is linked to the storage, network, and various other factors.

  • Deploy monitoring mechanisms

The key to efficient cost reduction in cloud computing technology lies in proactive monitoring. A comprehensive view of the cloud usage helps enterprises to monitor and minimize unnecessary spending. You can make use of various mechanisms for monitoring computing demand.

For instance, you can use a heatmap to understand the highs and lows in computing visually. This heat map indicates the start and stop times which in turn lead to reduced costs. You can also deploy automated tools that help organizations to schedule instances to start and stop. By following a heatmap, you can understand whether it is safe to shut down servers on holidays or weekends.

#cloud computing services #all #hybrid cloud #cloud #multi-cloud strategy #cloud spend #multi-cloud spending #multi cloud adoption #why multi cloud #multi cloud trends #multi cloud companies #multi cloud research #multi cloud market

Adaline  Kulas

Adaline Kulas

1594166040

What are the benefits of cloud migration? Reasons you should migrate

The moving of applications, databases and other business elements from the local server to the cloud server called cloud migration. This article will deal with migration techniques, requirement and the benefits of cloud migration.

In simple terms, moving from local to the public cloud server is called cloud migration. Gartner says 17.5% revenue growth as promised in cloud migration and also has a forecast for 2022 as shown in the following image.

#cloud computing services #cloud migration #all #cloud #cloud migration strategy #enterprise cloud migration strategy #business benefits of cloud migration #key benefits of cloud migration #benefits of cloud migration #types of cloud migration

Zelma  Gerlach

Zelma Gerlach

1624852620

Cloud Financial Management

What is cloud financial management?

Cloud Financial Management, or FinOps, is the operating model for cloud solutions. It combines tools, processes and best practices that enable an organization to better understand, manage and optimize its cloud usage and spending. In addition, cloud financial management fosters collaboration between management, IT, development, finance and procurement departments.

Change of approach to technology consumption with FinOps adoption

Until recent years a certain modus operandi was elaborated and used over the decades. It was based on a cycle that starts when engineering or IT teams request finance teams to procure IT infrastructure and ends when operation teams install it and hand it over to engineers.

This process raises CapEx, takes much time and effort, and increases the cost of failure for organizations due to its sluggishness. It also becomes a limiting factor to experimentation and innovation on behalf of IT teams, who can therefore become even incapacitated by dependencies from other departments.

#cloud-cost-optimization #cloud-computing #cloud-management #cloud

Capacity Management in a Cloud Environment

This article analyzes the key themes in the challenges of capacity management in all Cloud environments; public and private.

Like many people in 2020, I found myself working exclusively from home and having a bit more time on my hands in the evenings. I was much more fortunate than many as I had my whole family at home, and we were all working or studying remotely. I decided that I wanted to make something of the time in isolation (those of us trained in physics may remember Isaac Newton’s productive period in 1665 when he left London for the countryside during a plague outbreak). My team does database cloud capacity management in a converged, VMware environment. My theory was that the public cloud providers faced capacity management issues similar to the ones that we were solving. So our team attended the various online vendor conferences and took a lot of online training (one good thing that came out of 2020) to see if the larger cloud world was experiencing similar problems and what we might be able to learn to make our analyses and processes better.

#cloud management #capacity management #cloud environment #cloud

Zelma  Gerlach

Zelma Gerlach

1619141280

How to Cut Cloud Costs

People leverage the cloud for many reasons. More often than not, the need to cut costs ranks high among them. And while the cloud does offer significant benefits that include cost-efficiency, some organizations have found out the hard way that this isn’t necessarily true as they scale. Cloud native infrastructures are complex entities that must be managed properly to scale cost-effectively. In this blog, we identify eight ways that can help your organization optimize its cloud usage.

#cloud-cost-management #cloud-computing #cloud-cost #cloud-cost-optimization #cloud