Cloud Cost optimization
Despite the rapid advancement and efficiency of technology, the digital economy faces traditional challenges, particularly with cost management. While cloud technology solves complex issues, cost optimization remains a challenge. Optimizing cloud costs is crucial to fully realizing the potential of the cloud. Without a comprehensive understanding of cloud costs and how to optimize them, this potential cannot be fully realized. This is where Do For Information Technology can assist you. Our intelligent optimization, analytics, and governance tools, combined with our expert guidance, can help you deploy and manage cloud projects that outperform the competition while managing costs.
Understanding cloud cost optimization
To succeed with the cloud, companies must comprehend the constantly evolving nature of cloud economics. Traditionally, acquiring IT infrastructure assets involved a predictable asset refresh cycle that progressed from requirements to request for proposal to negotiations to award. However, the flexibility of the cloud introduces more demand-driven variables, where decisions about services and specifications are made continuously. Failure to manage these decisions properly can result in significant cost implications. A consumption-based approach to the cloud, coupled with demand-driven decision-making, simplifies cloud cost optimization. This approach aligns cloud costs with business KPIs and links spending to ROI. However, achieving this level of insight requires full visibility into a company's cloud spending and those responsible for it. To identify where a cloud budget will create the most value, it is crucial to secure cost transparency and visibility and integrate costs into the product lifecycle. Automating cost governance is also essential.