Cloud Optimization

Cloud Optimization: How to Optimize your Cloud Investment

Today, more than 90% of enterprises around the world use multi-cloud systems. And it's not hard to see why. Migrating to the cloud allows businesses to easily scale up or down according to their needs.

Once you migrate to the cloud, however, it can be difficult to understand where your cloud spend goes, and costs can spiral out of control. Without the right cost management and accountability, you may not know why your costs are increasing and what you can do to optimize them. That’s where cloud optimization comes in. Implementing cloud optimization practices can boost your organization’s cloud efficiency and productivity.

What Is Cloud Optimization?

Cloud optimization is the process of determining the most effective way to allocate cloud resources. You can do this by selecting, assigning, and right-sizing the resources you spend on specific cloud features. When done right, cloud optimization can help boost your visibility, reduce cloud costs, and increase productivity.

How to Optimize Your Cloud Investment

A cloud optimization strategy can help you generate a better return on your cloud investment. Follow these tips to get started.

Identify Mismanaged Resources & Eliminate Waste

Moving your data to the cloud can be a great way to save money since costs are often measured in pennies per gigabyte. Besides being less expensive, cloud storage is reliable and easy to manage. But if you are not careful, the cloud storage costs can add up over time due to issues like duplicate data.

One simple way to optimize your cloud costs is to identify resources that you’re not using. For instance, your team may have powered up temporary servers and failed to erase or switch these resources, generating unnecessary costs for your enterprise. Since detecting and deleting unneeded cloud resources becomes more challenging as they pile up, it’s always easiest to get rid of them as soon as you’re done with them.

Find & Fix Cloud Problems Faster

When compared to data centers, the cloud makes it easy to run services and applications on a large scale. However, as the demand for cloud-based applications to fulfill your vital business needs rises, it can take a toll on the system. Cloud performance issues like connectivity dropouts and slow response can dampen your clients’ enthusiasm, perhaps even leading them to work with your competition. The right cloud monitoring and optimization tool can give you the visibility you need to monitor and troubleshoot resources across your tech stack, whether in the cloud or on premises.

Manage Cloud Resources More Effectively 

Inefficient cloud resource management can negatively affect your performance and cost. When you have an adequate understanding of how your cloud resources are used, it leads to a lack of scalability and poor spending. It can also impact system functionality, becoming too expensive to maintain.

Effective cloud management can help you allocate, manage and monitor your resources in the cloud. It lets you create and manage pools of resources. You can also assign these resources to specific applications or users and track how they’re utilized.

Managing your cloud resources can help you do more with less. Your business can improve its ability to respond to changing needs. You can also save a lot of money in the long run.

Meet SLOs and SLAs During and After Migration to the Cloud

Service level objectives (SLOs) detail the required service levels of applications in cloud environments, and service level agreements (SLAs) are contractual agreements between you and your customers. These documents set customers’ service expectations and help your business understand how the cloud can help meet its objectives.

As a business owner, you must align your SLOs and SLAs to meet your customers’ needs. SLA and SLO violations can lead to penalties and damage your business's reputation. Cloud optimization can help ensure you’re meeting your SLOs and SLAs after migrating to the cloud.

Detect Ransomware Before It Impacts Your Business

The cloud hosts a goldmine of data for businesses that want to turn it into actionable insights. It’s also a valuable target for cybercriminals. They may try to use data exfiltration to encourage enterprises to make ransom payments, threatening to publish sensitive data on the dark web. When a ransomware attack happens, it is not only costly but can also ruin a company’s reputation. The easiest way to protect your business is to prevent such attacks before they happen.

Keep Track of Your Data Transfer Charges

Although transferring data to the cloud is free, moving it from the cloud may cost you. These outbound transfer charges vary based on region. When determining where to host your data, balance cost and proximity to your customers. To avoid these extra costs, try grouping cloud resources within regions. Also, keep an accurate record of your resource inventory to ensure you aren’t wasting money on data transfer.

Improve Customer Experience with Cloud Optimization

The experts at LinkSource help our clients with cloud optimization, monitoring, advisory, and migration services. We’ll help you create an optimization strategy that’s effective, secure, and scalable. For more information about cloud optimization, access our free ebook.

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