Nowadays, cloud technology and multiple platforms available make running apps and web services in the cloud easier.

One of the greatest benefits of running in the cloud is being able to scale up and down to meet demand and reduce operational expenditures.

Clearly it’s a fact that adopting cloud services offer powerful agility benefits. But without having a plan for managing cloud costs, they can quickly spiral out of control.

No matter where organizations are in their cloud journeys, cloud cost optimization continues to be a top-rated concern.

Also Read: Brains of the internet – Data centers

There are some common things people tend to miss when looking for ways to optimize costs.

If your organization is one of those who overspend on the cloud resources, then this blog is for you. The blog suggests the prominent strategies to optimize your cloud costs as per your business requirement.

Let’s get started!

Discover Billing and Cost Management Tools

The prime step organizations should follow is to discover some billing and cost management tools.

Cost monitoring and optimization tools are specifically designed to give you the visibility and control to keep your monthly cloud bills in check and reduce your management overhead.

Considering this, Google Cloud has introduced a robust set of no-cost billing and cost management tools with so many features such as-

  • Organize and structure your costs in relation to your business needs.
  • Billing reports getting an at-a-glance view of your costs.
  • Build your own custom dashboards for more granular cost views.
  • Use quotas, budgets, and alerts to closely monitor your current cost trends.

Pay for Useful Computer Resources

The majority of spending for most users is on compute, making it a key area of focus for cost reductions.

Once you have better visibility in your cloud spend, it’s time to set your sights on your expensive projects that aren’t providing enough business value.

With Google Cloud, you can optimize these resources effectively.

Google Cloud offers several Recommenders including an idle VM recommender that identifies inactive virtual machines (VMs) and persistent disks based on usage metrics.

Optimize Cloud Storage Costs

Storage issue is sometimes also considered as a downside for organizations, making it harder to do proper cost management.

But in the cloud environment, paying attention to storage utilization and configuration can result in substantial cost savings.

Here are some useful factors that will help you to save storage-

  • Storage Classes
  • Lifecycle Policies
  • Deduplication

Monitor Network and Security Operations

In clouds and on-premises environments, getting clear visibility into your network usage can be as hard as identifying how much electricity your microwave used last month.

To overcome this issue, Google Cloud offers several tools that can give you visibility into your network traffic and then costs.

In fact, there are also some quick configuration changes you can make to bring your network costs down. Have a look-

Cloud Logging

We do have control over network traffic visibility by filtering out logs that no longer required.

A few examples are- cloud load balancing, excluding virtual private cloud flow logs, exclude HTTP responses, data access audit logs etc.

Identify Top Talkers

Cloud Platform SKUs is a quick way to identify how much you are spending on a given Google Cloud service.

Also, Network Topology, a module of Network Intelligence Center allows you to identify inefficient deployments and take necessary actions to optimize your regional and intercontinental network cost.

Network Service Tiers

Google Cloud lets you choose between two network service tiers: premium and standard.

The premium tier is very much preferred due to its performance, which continues to be our tier of choice. On the other hand, the standard tier offers lower performance but maybe a suitable alternative for some cost-sensitive workloads.

Watch Out Data Warehouse

Nowadays, BigQuery has been used by organizations for a modern approach to data analytics.

It’s important to check your BigQuery environment and set up some guardrails to help you keep costs down.

There are a few ways by which it can be done easily, such as partitioning and clustering, using flex slots, enforce controls and streaming inserts.

Conclusion

Whether it’s a startup or a large enterprise, costs are always an important factor.

These methods are some of the exemplary Cloud cost optimization techniques you can inculcate in your regular tasks.

For more information, you can connect with us. Successive technologies have helped hundreds of companies with cloud cost management to optimize and drastically reducing their monthly spending.

About Successive Technology

Our goal is to optimize, transform, and reinvent businesses one step at a time.

As a leading technology services provider, we offer solutions to various industry segments such as e-commerce, legal tech, fintech, media, agri-tech, telecom, logistics, and more.

Our 500+ employees are highly skilled at leveraging intelligent processes, in-depth analytics, and innovative technology

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