An estimated 28% of cloud spending is wasted, giving reason to why 82% of organizations referenced managing cloud spending as their top business challenge.1
Protecting and securing your data in the cloud can be a big cost center for your organization. Plan and implement some of our best practices to optimize your spending without compromising any protection whatsoever.
01
Plan
- Snapshots vs. backups - Understand the benefits of snapshots and the higher costs associated with them.
- Leverage cost calculators — Utilize cost calculators to estimate expenses and to analyze different pricing models while optimizing resources.
- Maximize discount opportunities — Identify volume‑based discounts, new offerings and more to ensure favorable terms and pricing based on your organization’s requirements and long‑term commitments.
02
Implement
- Take a policy-based approach — Govern your data and avoid unexpected costs by automating policy settings across your installations.
- Compress your data — Reduce storage costs by implementing data compression settings within your cloud storage.
- Tier to a lower cost storage — Apply a data tiering strategy using high‑performance storage for frequent access and low‑cost object storage for infrequent access.
03
Optimize
- Automate processes — Adopt cloud‑native automation tools to dynamically provision and scale resources based on actual usage patterns.
- Dynamic/ephemeral processes — Design applications to spin up resources only when needed, including automatic depreciation.
- Monitor backup state — Routinely review and adjust backup policies to avoid misconfigurations and overspending.