6 Secrets Of Cloud Cost Optimization
InformationWeek, Monday, August 14,2023
Getting the most out of your cloud budget requires thoughtful research and planning. Here are six proven tactics that will help you bring your cloud costs under control.
Cloud costs are soaring. That's no secret. What's not as well known is that there are several fundamental, yet frequently overlooked, approaches that organizations can use to optimize their cloud costs. By using these techniques, hidden to many cloud users, it's possible to trim costs without sacrificing performance or security.
1. Measure the cloud-spend drivers
Cloud cost optimization should begin by measuring the drivers of cloud spend at a granular level and then providing full visibility to the teams and organizations that are behind the spend, says Tim Potter, principal, technology strategy and cloud engineering with Deloitte Consulting. 'Near-real-time dashboards showing cloud resource utilization, routine reports of cloud consumption, and predictive spend reports will provide application teams and business units with the data needed to take action to optimize cloud costs,' he notes.