Cloud and how it can pivot your Business ?

The Best Benefits Of Optimizing Your Cloud Investment

The cloud is a rapidly changing ecosystem and optimizing a cloud environment can be difficult, but the benefits are well worth it. Optimized environments can lower costs by leveraging economies of scale for their users and by continuously adapting to changes in the industry.

So how does your organization stack up? What are the benefits of optimizing your cloud investment?

What is cloud optimization?

Cloud optimization is the process of making your cloud infrastructure and applications as efficient as possible. This means reducing waste, improving performance, and ensuring that you are getting the most value for your money. This will lead to increased productivity and happier users. As a bonus, you will be able to free up valuable resources to undertake other activities. By taking the time to optimize your investments, you can reap significant rewards in terms of cost savings, performance, and resource utilization.

Challenges? 

1. Lack of visibility into your cloud spend leads to difficulty in knowing where your money is going and how to optimize your costs.

2. Another challenge is the complexity of cloud environments. With so many moving parts, it can be difficult to identify areas where you can save money.

3. Enterprises often struggle with optimizing their use of resources, which can lead to wasted spend on unnecessary resources.

4. Lastly, many enterprises are not using automated tools to help with their cloud cost optimization efforts. Automated tools can help identify areas of waste and recommend changes that can lead to significant savings.

Value of an Enterprise Cloud investment

An enterprise cloud investment can bring a number of benefits to an organization – the most important being – optimised IT infrastructure and resources. Additionally, an enterprise cloud can help to improve an organization's competitive edge by providing access to new & innovative technologies.

Identifying venue

1. Spend optimisation - Proactively identify savings opportunities such as idle/ or underutilised resources through best practise scans.

2. Reserved Instances(RIs) - Automatically buy and sell RIs and savings plans to save more on cloud without risk, manual effort, or management.

3. Savings Plans - Evaluate savings plan usage and performance, identify waste, optimize cloud spend and make purchases with the least upfront commitment

4. Automated Right Sizing - Get right sizing recommendations that make profit more efficiently and meet your business objectives, while preventing waste and budget overruns. 

Benefits of optimizing your cloud investment

1. One of the best benefits of optimizing your cloud investment is that you can save money. By optimizing your cloud usage, you can collectively reduce your monthly bill. This will free up money that can be used for other purposes, such as investing in new features or upgrading your infrastructure.

2. You can improve your performance by optimizing your cloud usage thereby resulting in a better user experience and increased conversions.

3. You will also be secure – given your data is stored safely and securely. This can help to protect your business from data breaches and cyber-attacks.

Conclusion

While cloud cost optimization involves rightsizing the computing service for scale, eliminating waste, securing more significant discounts, and targeting mismanaged resources. There are multiple benefits to optimizing your cloud investments that will not only result in money saves but also reduce complexity and improve performance. In addition, you will also enjoy increased flexibility and scalability.

In essence – in the new world – If you're looking for ways to improve your business, consider optimizing your cloud investment today!