Ways to Reduce Cloud Waste in your Business


Cloud computing has revolutionised the way businesses operate. It offers scalability, flexibility, and cost-efficiency. However, cloud services also come with a downside which is 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, which can lead to budget concerns as spending skyrockets. However, that figure also holds opportunity. It means that you can reduce nearly a third of cloud spending by optimising how you use cloud tools.

Here are some smart tactics to reduce cloud waste and save money:

  • Conduct a Comprehensive Cloud Audit – Conduct an audit before implementing any cost-cutting strategies.
  • Put in Place Right-Sizing Strategies – Analyse your existing data using tools such as Panzura’s Symphony and then resize data silos accordingly.
  • Use Reserved Instances and Savings Plans – Cloud providers offer cost-saving options like Reserved Instances (RIs) and Savings Plans. Seek out cloud providers which can provide cheaper pricing.
  • Install Automated Scaling Policies – Dynamic workloads have a need for dynamic resource allocation. Install automated scaling policies where available.
  • Track and Optimise Storage – Regularly review, delete, or archive unnecessary data to free up storage space.
  • Schedule Your Cloud Resources – Schedule your cloud resources to run only when you need them.
  • Delete Unused or Orphaned Cloud Resources – Regularly audit your cloud environment to delete any unused or orphaned resources your business is not using.
  • Weed Out Duplicate Services – Centralise cloud resources and remove duplicate tools.
  • Embrace Serverless Architecture – Serverless computing allows businesses to run applications without managing the underlying infrastructure.

 

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