According to research conducted by Panda Security in 2019, 48% of corporate data is stored on the cloud. As the pandemic has brought its own changes to the world, this number has increased significantly. Moving a company’s data to the cloud from data centers affects the costs. We shall discuss how to manage, understand, and reduce cloud costs for the best economic outcome.
First of all, you have to understand why transferring your data to the cloud is beneficial to your business.
Also, you save money because updating the infrastructure is not your responsibility. Integrating different services becomes much easier, which also saves your time and nerves.
Although there are many financial benefits of using clouds, there are some things that you must know about before working in this area. Remember the saying “Great power brings great responsibility”? Well, this is the case where you can apply it. Clouds are powerful tools that can “hurt” you if they are used in the wrong way.
The cloud cost model is completely different from its opposite. Here are some expense categories that you might come across:
We shall explain each point, so you would understand where everything comes from.
If a mistake in a regular database won’t cost you any money, with cloud storage, this will hit your wallet. A simple example from our colleagues who have learned the hard way might clarify the problem.
Suppose you have a script that has to remove resources after the project is completed and the files are no longer required. One mistake in the code and the resources are not deleted but, on the contrary, they are doubled in the storage. This means that more storage is used and the pricing might go up if you pass the limit.
Tip: Always check new scripts and regularly monitor your cloud. All software must be tested and monitored during the work process to prevent such unwanted situations.
When the OpEx model is used, it is likely that the pricing for everything will change regularly. Your budget needs to be ready for that. There are two types of unexpected costs that we would like to point out:
In any case, you must be aware of the possibility of such situations and always be ready to react without hesitation to cut down potential losses.
Once you have used the service for some time, you might find that there are just too many files in the cloud. Choosing which resources must be deleted and which shouldn’t is quite hard because you never know what might be needed in a changing environment. Most engineers usually save everything just in case, so this lets the resources pile up, and they often have no use for the business.
Tip: Regularly check your storage for unwanted resources and delete everything you do not need. Services like Google Cloud and others often provide some additional tools that make things easier. You can tag certain files and get regular usage updates. In any case, only a human being should be allowed to delete the resources.
Understanding cloud costs may be very difficult because everything is gathered into one dollar bill. For people who are not aware of all the processes, this is like buying a pig in a poke.
First of all, the costs depend on the app and infrastructure architectures. The price difference may be huge. That is why it is necessary that you determine the most effective option based on finance and efficiency criteria. Only then you can proceed to the development of your cloud.
Second, although there are many applications that can help you manage and understand cloud costs, they also have many pitfalls. The field is complex and very broad, so no software can be compared with human expertise.
Finally, all services provide additional tools that are used to analyze costs and other important data. If you do not need details, they can be a good option. However, this is not a choice for large companies that need to understand every detail. There are many additional tools that are available on the web. Some examples are Azure, CloudVertical, CloudCheckr, ParkMyCloud, and others.
Here are 4 basic points you need to follow:
Even if it seems that everything is okay, it will not hurt to check the system from time to time. Better safe than sorry!