Migrating to the cloud ensures your business remains competitive with scalable and strategic solutions. However, as with any technology, you have to manage your costs. We offer best-in-class cloud cost management services to optimize your cloud usage.
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What Is Cloud Cost Management?
What Are Typical Cloud Costs?
Many direct and indirect factors contribute to cloud costs:
- Virtual machine instances
- Software licenses
- Memory and storage
- Network traffic
- Training and support
- Web services
Benefits of Cloud Cost Management
Cloud infrastructure is life-changing for many businesses. However, when cloud costs get out of control, you’ll lose the benefits of a cloud environment. What can cloud cost management do for you?
Improved Visibility
Many businesses face a lack of clarity when they move from on-premise solutions to cloud infrastructure. It’s not as clear who is buying what services. Moreover, static budgets for IT procurement don’t work with such scalable environments.
However, when IT teams incur costs with continuous new resources, your business might struggle to settle the bill. A cloud cost management framework organizes and structures fees based on your exact budget needs. With granular views of cloud usage and expenses, you’ll have a clear picture of your total costs—which is crucial for long-run decision-making.
Allocate Budget Accurately
Cloud cost management eliminates untagged costs and shared resources from your accounting. Therefore, you’ll have cohesive transparency and accurate data about business units, products, charges, and roles. With such vital information readily available, you can map your resources and allocate budgets more efficiently.
In addition, you can analyze raw billing data to optimize chargebacks and negotiate prices with cloud service providers. Sharing financial data between team members enables greater visibility and optimization of cloud costs.
Culture of Accountability
One of the biggest challenges of cloud infrastructure is accountability. With many team members potentially incurring costs, you need a robust structure and tools to monitor activities. Lack of accountability is rarely intentional but inevitable in digital environments; it’s often the result of unclear responsibilities, limited resources, and poor strategy.
Your team will have a solid structure to focus cloud activities with cloud cost management strategies. Cloud governance involves tag compliance and strategic initiatives to ensure all resources and finances are accounted for effectively.
Drive Organizational Transformation
Investing in cloud infrastructure is vital for digital transformation and scaling in the modern workplace. However, IT teams with a traditional, on-premise environment struggle to cope with new cloud environments, which, in turn, impacts decision-making. Preparing your budget and resources to migrate to the cloud can improve success.
Cloud cost management frameworks drive organizational transformations by uniting teams and setting innovative goals for growth. With the focus on a cost-effective environment, you’ll naturally optimize storage and resources while implementing strategic business initiatives.
Cloud Cost Optimization Capabilities
How can our cloud cost optimization services revolutionize your business’ digital environment?
Cloud Cost Analysis
Visibility and transparency are vital for any business. Understanding usage patterns across the cloud environment is crucial for a consolidated cost analysis. By projecting cloud usage, you can predict future costs and budgets for scalability and additional cloud services. Businesses can also use this data to establish performance and operational metrics.
Application and Service Assessment
Our cloud cost management appropriately assesses applications and cloud services from the very start. You need to invest efforts into workload accessibility throughout cloud migration and leverage a phased migration approach to understand cloud costs per application better. Cloud vendors can provide early estimates of expenses before you migrate to budget better.
Timely Reviews
One of the best advantages of cloud infrastructure is the ability to change anything at a moment’s notice. However, your cloud costs may spiral without regular audits on resources and usage. Timely reviews are highly beneficial for cloud cost control and optimization. Our cost analysis tools actively provide invaluable insights into cloud usage, enabling you to save cloud costs.
Storage and Memory Management
Cloud storage and storage type are integral to cloud computing. Cloud cost management includes deleting unused storage resources, backup data, and monitoring cloud usage. Cloud management tools and services help control cloud storage and instances, discarding useless data and avoiding clutter to save cloud costs.
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Why Defensive Networks?
Defensive is a Next Generation Solution Provider for a Cloud-First World. We exist to take the guesswork out of Cybersecurity and Information Technology procurement and adoption.
Defensive of your Brand.
We are trusted by leading enterprises around the globe.
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Let’s create harmony between Infosec, IT, Executives, End Users, and Finance.
Defensive of your Time.
We’re straight to the point with technologies and strategies that work.
Defensive of your Budget.
Eliminate wasted expenditure and maximize the value of every dollar.
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