Cost Optimization is the utmost priority of every business; whoever runs their infrastructure on the cloud.
As every segment of the business, be it online or offline, is adopting cloud environments to make their business available 24x7 and by providing highly available set up by making every application and database in the synchronized format.
Legacy setups have already been moved by early adopters on the cloud, and few are still in a run to do so. It is essential to select the cloud of your choice while keeping the required resources in mind, along with the price factor.
The following are the points to keep in mind while choosing the right cloud provider. Price should be at the top of the list.
Apple-to-Apple Comparison of infra cost
Most of the Giant Cloud providers present the infra cost in such a manner, wherein end customer gets lured easily without checking the hidden cost i.e., Bandwidth & Cost of additional resources like Storage, CDN, etc.
Usually, end-users, who are familiar only with these cloud providers, are not able to differentiate the overall pricing comparison wherein they might get benefited by not paying the additional cost for bandwidth and resources to providers like E2E Networks.
After getting an overall comparison of all factors, the end customer can differentiate and select the right cloud of choice.
Right-sizing of resources
The cost of cloud infrastructure can be reduced by segregating the required infrastructure as per the resource utilization. It becomes easier to keep track of all the resources and free up those who are not in use or may not be used at all.
When compute and storage are used separately, the end customer might not remember to free up the synced resources, which could cost a lot if the number of instances is high.
Knowledge of nodes with similar resources is one of the vital components while estimating the infrastructure cost.
Keep a check on hidden charges :
Analysis of cloud infra cost is not always crystal clear. Hidden fees of different resources could bump up the graph of monthly spending on cloud infrastructure.
Bandwidth charges, license cost of the resources, and products provided by the cloud provider as services can be one of the reasons for increased monthly spending, which can be avoided by keeping a check on applicable charges.
When compute and storage are used separately, the end customer might not remember to free up the synced resources, which could cost a lot if the number of instances is high.
Grouping and scheduling of nodes
Good Knowledge of Nodes with similar resources is one of the vital components while estimating the infrastructure cost. Free resources can be tracked and identified by putting the nodes in the same group.
Another way is to do the scheduling the audit of running infra, wherein unused resources can be free-up if not in use. Resources that get only activated for a specific duration can be tracked in scheduling and analysis reports. Otherwise, it will balloon up the infra cost for no reason. Which ultimately decreases the ROI of any environment of business.
Scaling up the cloud environment
Scaling of the infrastructure makes it easier to manage the spent on cloud infra. By enabling the scaling setup, end-customers can quickly scale up as per the need and scale down when the requirement ends.
This makes a massive drop in infra spent and contributes to ROI.
Resources that are only needed at peak loads are not worth keeping up all the time. As it will only increase the cost.
Nut Shell :
Cost optimization of cloud infrastructure has become challenging and necessary to build ROI while boosting up the business to pass the competitive runway.
The same can be achieved by keeping the above factors in mind while choosing the right cloud provider.
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