Cloud computing has revolutionised the way businesses operate. It offers scalability, flexibility, and cost-efficiency. But cloud services also come with a downside: cloud waste. Cloud waste is the unnecessary spending of resources and money on cloud services. These services are often not fully utilised or optimised. About 32% of cloud spending is wasted. This can lead to budget concerns as spending skyrockets.
But that figure also holds opportunity. It means that you can reduce nearly a third of cloud spending by optimising how you use cloud tools. So, how can you reduce cloud waste at your business and save money? Here are some smart tactics to consider.
Conduct a Comprehensive Cloud Audit
Before implementing any cost-cutting strategies, conduct an audit. It’s essential to have a clear understanding of your current cloud usage. Conducting a comprehensive cloud audit allows you to identify:
- Underutilised resources
- Over-provisioned instances
- Unnecessary services
Use cloud management tools to generate reports. Look at usage patterns, costs, and performance metrics. This initial assessment forms the foundation for implementing effective waste reduction tactics.
Put in Place Right-Sizing Strategies
Right-sizing involves matching your cloud resources to the actual demands of your workloads. Many businesses fall into the trap of over-provisioning. This means securing more user licences or features than they need. This leads to increased costs and unnecessary waste. Analyse your workload requirements and resize instances accordingly. Use tools provided by your cloud service provider. These tools can identify and adjust the capacity of instances. This ensures that you only pay for the resources you truly need.
Use Reserved Instances and Savings Plans
Cloud providers offer cost-saving options like Reserved Instances (RIs) and Savings Plans. These allow businesses to commit to a specific amount of usage. This is in exchange for discounted rates. By leveraging these options, you can significantly reduce your cloud costs over time. Carefully analyse your workload and usage patterns. Then, determine the most cost-effective reserved capacity or savings plan. Find a plan that aligns with your business’s long-term goals.
Install Automated Scaling Policies
Dynamic workloads have a need for dynamic resource allocation. Install automated scaling policies. These ensure that your infrastructure scales up or down based on demand. This optimises performance. It also prevents over-provisioning during periods of low activity. Some cloud services enable you to set predefined policies for scaling. These features help ensure efficient resource utilisation without manual intervention.
Track and Optimise Storage
Storage costs can accumulate quickly. This is especially true when data is not regularly reviewed and archived. Estimate your storage needs. Then, put in place lifecycle policies to automatically downsize lesser-used data. Such as transitioning less frequently accessed data to lower-cost storage options. Regularly review and delete unnecessary data to free up storage space. Adopt a proactive approach to storage management. This can help you significantly reduce costs associated with data storage.
Schedule Your Cloud Resources
Schedule your cloud resources to run only when you need them. For example, turn off development, testing, or staging environments during nights and weekends. Or scale down your production environment during off-peak hours. Use available tools to automate the scheduling of your cloud resources. Base this on automated rules and policies that you define.
Delete Unused Cloud Resources
Sometimes, you may forget or neglect to delete cloud resources. Resources that you no longer need or use. This can include:
- Snapshots
- Backups
- Volumes
- Load balancers
- IP addresses
- Unused accounts
These resources can accumulate over time and incur unnecessary costs. To avoid this, you should regularly audit your cloud environment. Delete any unused or orphaned resources your business is not using. You can often use cloud provider tools to find and remove these.
Weed Out Duplicate Services
Different departments in the same organisation may be using duplicate services. Marketing may use one task management app, while Sales uses a different one. Centralise cloud resources and remove duplicate tools. Having everyone use the same cloud tool for the same function can save money, as well as enhance collaboration, reporting, and data integration.
By following these smart tactics, you can reduce cloud waste at your business. As well as optimise your cloud spending. This helps you save money. You can also improve operational efficiency and environmental sustainability.
Professional Managed Cloud Services
Does your business need assistance managing your cloud services? ITM Tech’s team of cloud experts can help you. We offer a variety of effective cloud solutions to companies in Co Kildare, Dublin and throughout Ireland, including Managed Cloud Backups, Office 365, Google Suite and File Share & Sync.
Contact us today on 045 409984, or reach us here through our website.
