Smart Ways to Reduce Your Cloud Costs
Why are my cloud costs so high? Before we dive into the what, let's first cover the 'why'. There are a few reasons why cloud spend can creep up on businesses, including:
Using many services: Most companies use at least two cloud providers. It's normal to lean on different providers for different services. However, different providers also have different terms and charge different amounts. It can be easy to get confused between costs, and it is harder to keep track of multiple work streams in various cloud environments.
Tracking spend manually: The cloud's flexibility is one of its most significant assets, but it can also be its biggest downfall for businesses. Because it's so easy to scale up resources, it's almost impossible to keep track of costs manually. Yet, many companies fail to use automated tools to help keep an eye on costs and usage.
Haphazard adoption: Many businesses tend to adopt the cloud haphazardly. Once they need a cloud instance, they'll buy it and pay as they go. Doing this can easily lead to a considerable cloud bill. What's needed instead is a strategy, but Gartner found that less than one-third of organizations have a documented one for the cloud.