Articles about Cloud costs

74 percent of companies struggle with cloud spending

cloud cost

New research from tech consultancy esynergy, which surveyed 700 business and tech leaders in the US and UK, finds 74 percent of organizations struggle to optimize cloud spend.

It also finds that 51 percent anticipate making a change to their cloud strategy in response to cost pressures. Increasingly they're looking at FinOps (financial operations) is to ensure that cloud resources are used efficiently.

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7 cost benefits of cloud computing

Cloud dollars

Both aspects of a list of cloud computing costs and benefits could be summed up with just two words: "Lots, potentially."

While hosting your application in the cloud does come with a tangible price tag, leveraging the power of the cloud can have a profound positive impact on your business. Fortunately, there are many ways in which cloud computing reduces costs. With careful planning, most companies, especially start-ups and small businesses, can scale their operations and continue building products much faster and more cost-effectively than with on premises hosting.

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Anomaly Detection: Four steps to avoiding unforeseen cloud costs

Cloud money

Data volumes are simultaneously exploding and migrating, making it difficult for businesses and their CIOs to both monitor and secure across their environments. With so many moving parts in the cloud, it can often run away with businesses because as it expands to handle the data that it’s given, so does its cost. This is both a blessing and a curse, as flexibility is a vital attribute of a successful business, but it means that unanticipated cloud costs are common and hard to track.

Anomalous, unexpected costs can crush businesses’ confidence in their budgets and forecasts, impact their burn rate and make it difficult to understand their wider spending patterns. Yet, despite this, many wait until their bill arrives before reacting. To avoid these unpleasant surprises, which can be caused by a repository error, crypto mining incident or simply because servers have been spun up and forgotten about, businesses can turn to Anomaly Detection tools with great success.

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Understanding how on-premises system costs compare to cloud-based solutions 

In today’s uncertain economic environment, understandably every purchase decision needs to be thoroughly analyzed and the cost to the business clearly understood. With so many organizations migrating to the cloud, it is important to understand not only the cost of migrating systems but also the longer-term costs. 

IT managers must understand the main business driver(s) for moving their organization to the cloud, and those drivers need to be reconciled with business application requirements. Some applications will be CPU-intensive, others memory-intensive, while others are cost-sensitive. Likewise, understanding whether this is the best short and long-term solution for the business as well as the total cost of ownership (TCO) and predicted return on investment (RoI) is important.  

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