How Can You Keep Your Cloud Costs Under Control?
If you’re like most businesses, you are using cloud services to save on costs and improve efficiency. However, if you’re not careful, your cloud costs can spiral out of control. Here are a few tips for keeping your cloud costs under control.
Monitor Usage and Allocate Resources Appropriately
Organizations are quickly moving their workloads to the cloud, but with that migration also comes the need to manage costs. Several factors must be considered when planning for and using cloud resources, including understanding how much capacity is needed and monitoring usage levels. Without proper oversight, organizations can quickly find themselves spending more on cloud services than originally anticipated. By taking a proactive approach and allocating resources appropriately, businesses can keep their cloud costs under control.
Establish Billing Thresholds
Cloud billing thresholding is the practice of setting a limit on how much you’re willing to pay for cloud services in any given month. It’s a simple way to keep your cloud costs under control, and it only requires a small amount of effort on your part.
Review Charges Regularly
You may be surprised to learn that most cloud providers also charge for resource usage in addition to the monthly subscription fees. By tracking your resources and adjusting your usage patterns, you can keep your costs under control and avoid unexpected expenses.
Renegotiate Contracts When Possible
As your company grows, you may find that you need to renegotiate some of your contracts to keep your cloud costs under control. It’s important to stay on top of your bills and make sure you’re getting the best possible deals. Don’t be afraid to ask for discounts or more flexibility regarding pricing. By being proactive, you can ensure that your company stays within its budget while still taking advantage of all the benefits that the cloud offers.
Final Word
While these are only a few steps to manage your cloud costs, the rule of more is better applies to cost optimization. This is where intelligent cloud management platforms such as Centilytics come into the picture. Centilytics provides a single platform to manage your multi-cloud infrastructure and ensure that you stay on top of all cloud costs as they fluctuate and change over time.
It provides actionable insights and reports focused at bringing your cloud costs down by as much as 70%. Check out how Centilytics can help you reduce your cloud costs to a third here.