The bottom line!!
It is no secret that the Cloud services offered by Big Tech companies like Microsoft and Google still use servers, storage systems, and other old-school hardware components.
The use of this older technology still comes with a high cost as these companies need to pay for equipment and the operation of that equipment. When they pass those expenses on to you, the client, the cost can be extremely high and affect your bottom line.
Keep reading to find the information on the best practices for resource allocation in cloud computing.
Understanding Your Cloud Usage
Cloud usage is often called a demand curve and this curve details your cloud usage. Your company’s cloud service usage will go through peaks and valleys and you need to monitor this activity to thoroughly understand how this demand curve can help you allocate your funds better.
The tool to help you do the monitoring is called Cloud Cost Optimisation Services. This tool identifies those key periods where you spend most of your cloud service budget.
With this information, you can optimise your allocation of your resources better. These services can also do continuous monitoring enabling you to allocate your funds according to your cloud usage.
In other words, they help you avoid paying too much when you are not using the cloud service and not underfunding those peak times when you need that service a lot.
As you know and have been proven over the decades, automation helps a company become more efficient. This proven strategy can help you optimise your funding by setting up an automatic scaling system.
What the auto-scaling system does is move funds to those areas where it is needed in real-time demand. This ensures that your applications are fully funded when they need to be.
Also, auto-scaling prevents resource waste. Your company can save money by implementing the tools that run automatic scaling. These metrics and analytic tools will set up triggers and parameters for your scaling system to follow.
Turn To A Multi-Cloud Operation
Keeping it simple is not always the best way to run a computer system. While using a single cloud for everything, you may be wasting money. A multi-cloud operation brings your company many benefits besides saving some money.
By using the best features of a variety of cloud services, you can optimise your allocation of your resources and make the allocation balanced and efficient. Other benefits you get will be added protection in case there is a problem with one cloud service.
Do Continuous Monitoring
Because the cloud service is not the same and different demands are placed on your application, continuous monitoring helps you reallocate your resources to those needed and high-demand areas.
Reviewing your performance metrics helps you to identify where your resources are needed and allow a smooth transfer of your resources. This monitoring helps your company be more cost-effective.
Make Security A Priority
To protect your resources and data, you have to make security a high priority. Optimising your resources can only occur when your data and processes remain far from the reach of hackers and viruses.
By implementing top cloud security measures, your company avoids those costly breaches and other cloud security issues that hamper operation, etc., and builds trust in your users at the same time. Encryption and regular security audits should help you retain that top security and identify vulnerable locations that need upgrading.
Review And Fine Tune
Nothing is perfect, even your original allocation and scale strategies will have flaws that need some fine-tuning. Do regular audits or reviews of your systems to ensure they are meeting your ever-evolving business needs.
This strategy calls for you to be flexible and ready to make adjustments when they are called for. In the end, this effort helps keep your cloud usage cost-effective and efficient
Train Your People
Effective cloud resource allocation can only be optimised when your people are fully educated and trained in the systems your company implements. One way to help keep your employees up to date is to encourage them to continue learning about new trends, etc.
Having an informed set of employees is one way to keep your resources allocated in a manner that benefits the company’s bottom line and cuts expenses.
Constructing A Serverless Architecture
This design helps companies do the same work without the responsibility of looking after any underlying infrastructure. The result of this move is that you can allocate resources as required automatically.
The allocation is based on demand and you only have to pay for what you use. This option helps to prevent over or under-funding different applications.
One of the bigger expenses your company will have in its cloud usage is storage. By auditing your storage needs, you can store your data in those areas that not only will optimise your storage but also cut your expenses.
With optimised data storage you facilitate better performance and still reduce your costs.
Choose The Right Pricing Model
The way to choose the right pricing option is to understand the different options cloud services offer companies. Once you understand, you can choose the right model that fits your application’s needs.
By eliminating the higher-priced models, you can significantly save money. It takes a little analysis to do but once you figure out your cloud service needs, it is easy to pick the right pricing model for your company.
Some Additional Words
Cloud resource allocation and optimisation is an ongoing learning process. It will take a while to master this process because technology continues to change, and upgrades and new strategies are always needed.
When you need advice or help in optimising your allocation of your resources contact our company today. Our years of experience have taught us how to watch for new trends, analyze data, understand pricing models, and much more.