5 ways to put a cap on cloud costs
According to a survey by Rightscale, cloud users underestimate the amount of wasted cloud spend. 30-45% on the amount spent on cloud is unnecessary and could have been avoided. Also, 53% of the respondents intend their top priority to be cloud cost optimization.
In this blog we discuss five sure-shot ways to reign in cloud costs and ensure that cloud budget is well-spent.
Spot instance market
Organizations can tackle their short-term needs with spot instances. Some public cloud providers offer spare compute resources at a discount rate (prices fluctuate on the basis of demand and supply) to organizations, for a short-time span. Providers do this to drive higher utilization from their end. Amazon calls these instances spot instance bids, while Google calls them preemptible VMs.
Check out these links to know how to leverage these schemes for your short-term projects –
Cut down unused instances
Once the purpose of a server instance is served, say for proof of concept testing, the teams should ideally close those instances to keep the costs in check. However, at times this step is not completed, leading to unnecessary billing. By enabling the admin to create automated processes to flag low load resources for removal, this problem of orphaned servers can be overcome.
Timesheet instance usage
In the last century, employees had to punch in time cards. This helped in estimating the work hours of each employee and wages were paid accordingly. In today’s modern world, the work of these punch cards is taken over by automated processes. And so it is in cloud. By automating processes that would run batch tasks in scheduled time duration, the cloud resources can be appropriately utilized. For example, if certain batch jobs are to be run only from 3 am to 6 am every morning, then it is common sense that cloud is billed on that instance only for those specific hours and not the full day.
Dump unnecessary storage
Due to compliance reasons and for business-related tasks, organizations need to store data for a specific period of time. However, once the compliance requirement/usability period is over, the data needs to be trashed. The longer this non-essential data is stored, the higher the negative RoI. Tools such as Google Cloud Platform’s Object Lifecycle Management and Amazon’s Simple Storage Service Object Expiration can help users automatically remove unneeded data once a storage object’s lifetime expires.
If the data can’t be deleted, then organizations should make arrangements to store these data sets in cheaper storage.
Avoid Snapshot Excess
Snapshot is an excellent way to retain backup data and configuration. Having multiple screenshots ensures that organizations have multiple restore points to choose from in case of an emergency restore. While this useful in many situations, having a large number of screenshots can cause a huge strain on cloud storage space. Excessive screenshots can cost heavy billing, so organizations need to monitor this aspect.
We hope these ideas help your organization reign in your cloud computing costs. Do let us know what measures you are employing and how beneficial it has been in the long-run, in the comments section.