A combination of fast-changing cloud propositions and lack of visibility into consumption are just two reasons why you should take advantage of Ergo’s cost optimisation services to avoid overspends.
Whether it’s a failure to right-size compute power resulting in overprovisioned services, unused cloud resources still ramping up costs, or unexpected charges for moving data around, cloud services can become a money pit that plays havoc with budgets and causes carefully planned business strategies to unravel. According to IDC, 10-30% of cloud spending is wasted.
In extreme cases, companies have been known to repatriate services back from the public cloud to their data centre because the ‘bill shock’ has been too great. It’s a problem engineered out of existence by Ergo, because we use automation and a suite of tools to impose strict limits on money spent. Good governance and meticulous cloud execution are the solution.
10 - 30%
Cloud spending is wasted
Savings per month
How Ergo keeps cloud costs down
Tools and techniques for cost savings and visibility:
Dashboards can track and report on everything from reserved instance utilisation to cost centres in the business, with insights used to forecast spend and manage billing.
Monitoring tools will also detect servers or storage instances that are ramping up charges despite being underutilised or dormant.
Strict controls can be built into your cloud management platform, with preconfigured alerts for when spends get close to their allotted ceiling.
Resource provisioning and scaling can all be automated, saving on human resources and reducing manual error. ‘Turn the lights out’ automation is another money saver.
Cloud providers constantly move their goalposts which is why you need a partner like Ergo. We make it our business to stay up to date with usage plans and discount opportunities.
Track where your money goes via dashboard metrics around CPU and disk usage, memory in storage and network bandwidth utilisation.
Keep track of assets with tagging and standardised naming conventions, because misspelled tags and wrong names can undermine the effectiveness of cost allocation.
The objective should be to only pay for what you need, by neither over or under provisioning. Needs will change and evolve which is why rightsizing should be a constant process.
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