It’s important to establish and measure parameters for return on investment (ROI) on Cloud Computing initiatives. By analyzing the advantages of Cloud Computing since the beginning, IT personnel can show potential returns to the top executives and encourage them to get their buy-in towards cloud programs. For more info visit here http://www.intelligentia.co.in/services-cloud-computing/.
Cloud Cost Analysis: A Comprehensive GuideLucy Zeniffer
Explore the intricacies of Cloud Cost Analysis in this comprehensive guide, offering a concise yet insightful overview of key factors influencing expenses in cloud computing. From resource optimization to budget management strategies, gain valuable insights to navigate the complex landscape of cloud costs efficiently.
It’s important to establish and measure parameters for return on investment (ROI) on Cloud Computing initiatives. By analyzing the advantages of Cloud Computing since the beginning, IT personnel can show potential returns to the top executives and encourage them to get their buy-in towards cloud programs. For more info visit here http://www.intelligentia.co.in/services-cloud-computing/.
Cloud Cost Analysis: A Comprehensive GuideLucy Zeniffer
Explore the intricacies of Cloud Cost Analysis in this comprehensive guide, offering a concise yet insightful overview of key factors influencing expenses in cloud computing. From resource optimization to budget management strategies, gain valuable insights to navigate the complex landscape of cloud costs efficiently.
Cloud IT Economics: What you don't know about TCO can hurt youAl Brodie
An e-book that explores factors beyond basic price that impact the true cost of ownership for cloud implementations by comparing and contrasting prevalent approaches, using common enterprise workloads, from three prominent cloud service providers.
Managing cost for your cloud workloads - Loves cloudLoves Cloud
Managing cost for cloud workloads is a paradigm shift for most teams who’ve worked historically with a fixed price model for running all their workloads. With cloud leading the way for “Pay as you go” model by accruing cost of all resources consumed in a month, organizations and teams often find asking following questions among themselves:
Cloud computing is a pay-per-use model enabling convenient, on-demand network access to shared pool of configurable computing resources (e.g., networks, services, storage, applications and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.
Cloud Computing refers to both the apps delivered as services over the Internet and the hardware and system software in the datacenter that provide those ...
Best cloud computing training institute in noidataramandal
TECHAVERA is offering best In Class, Corporate and Online cloud computing Training in Noida. TECHAVERA Delivers best cloud Live Project visit us - http://www.techaveranoida.in/best-cloud-computing-training-in-noida.php
Revenue Maximization with Good Quality of Service in Cloud ComputingINFOGAIN PUBLICATION
Cloud computing enables people to use resources and services without implementing them on their systems. Profit and quality of service is the most important factor for service providers and it is mainly determined by the configuration of a cloud service platform under given market demand. Single long term renting scheme is usually adopted to design a cloud platform which leads to resource waste and having more renting charges. The novel double renting scheme which is combination of short term and long term renting is aiming at existing issue. This double renting scheme will effectively and efficiently promises a good quality of service of all request and reduces the resource waste significantly. It also provides services with lower cost compared to short term renting scheme. It uses optimal queuing model to maximize the profit. That means the users can access the services simultaneously. The main objective of proposed system is, to maximize profit of service provider by providing efficient and effective services to user.
Intended for the owners of the business side of the equation, this session is about reducing the complexity of managing costs for AWS deployments, ranging from few instances to fleets of hundreds and thousands of instances, so they run efficiently. Attendees will learn about optimization basics, common roadblocks that prevent customers from cost optimizing, tools they can use to efficiently remove those roadblocks, and techniques to monitor their rate of cost optimization when dealing with AWS deployments ranging from few instances to hundreds and thousands of instances. The session will include multiple case studies that will demonstrate how customers implement optimization techniques to reduce their costs.
How the Cloud is Revolutionizing the Retail IndustryRaymark
In this exclusive guide, you will learn about:
The top 5 advantages of cloud for retailers
The economics of cloud computing
Frequently asked questions about the cloud
Get Started Today with Cloud-Ready Contracts | AWS Public Sector Summit 2017Amazon Web Services
In this session, we provide an overview of existing cloud-ready contracts, such as cooperative, federal, and state directed contracts, and walk through steps on how to choose the right one for your procurement. We compare various cloud-ready contracts by identifying scope, end-user eligibility, and primary service offerings to help you make the right choice for your mission needs. Learn More: https://aws.amazon.com/government-education/
The paper aims to provide a means of understanding the model and exploring options available for complementing your technology and infrastructure needs.
navigating the cloud key considerations for cloud computing solutions.pdfbasilmph
Cloud computing has become a pivotal part of modern business strategies due to its numerous benefits. - By driving innovative digital transformations, cloud technology accelerates the development and implementation of new business models.
Cloud computing - the impact on revenue recognitionPwC
By 2017 global cloud service providers are expected to generate approximately $235 billion of revenue from cloud computing services.
Telecom companies are searching for ways to save money, limit fixed costs and improve efficiencies. The use of cloud computing can help. However, challenges may arise specifically in revenue recognition patterns and costs associated when accounting for revenue generated for cloud services.
IEEE 2015-2016 A Profit Maximization Scheme with Guaranteed Quality of Servic...1crore projects
1 CRORE PROJECTS offers M.E, BE, M. Tech, B. Tech, PhD, MCA, BCA, MSC & MBA projects based on IEEE (2014-2015) and also a real time application projects.
Final Year Projects for BE, B. Tech - ECE, EEE, CSE, IT, MCA, ME, M. Tech, M SC (IT), BCA, BSC and MBA.
When most people in the industry talk about online or digital reputation management, what they're really saying is Google search and PPC. And it's usually reactive, left dealing with the aftermath of negative information published somewhere online. That's outdated. It leaves executives, organizations and other high-profile individuals at a high risk of a digital reputation attack that spans channels and tactics. But the tools needed to safeguard against an attack are more cybersecurity-oriented than most marketing and communications professionals can manage. Business leaders Leaders grasp the importance; 83% of executives place reputation in their top five areas of risk, yet only 23% are confident in their ability to address it. To succeed in 2024 and beyond, you need to turn online reputation on its axis and think like an attacker.\
Key Takeaways:
- New framework for examining and safeguarding an online reputation
- Tools and techniques to keep you a step ahead
- Practical examples that demonstrate when to act, how to act and how to recover
Cloud IT Economics: What you don't know about TCO can hurt youAl Brodie
An e-book that explores factors beyond basic price that impact the true cost of ownership for cloud implementations by comparing and contrasting prevalent approaches, using common enterprise workloads, from three prominent cloud service providers.
Managing cost for your cloud workloads - Loves cloudLoves Cloud
Managing cost for cloud workloads is a paradigm shift for most teams who’ve worked historically with a fixed price model for running all their workloads. With cloud leading the way for “Pay as you go” model by accruing cost of all resources consumed in a month, organizations and teams often find asking following questions among themselves:
Cloud computing is a pay-per-use model enabling convenient, on-demand network access to shared pool of configurable computing resources (e.g., networks, services, storage, applications and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.
Cloud Computing refers to both the apps delivered as services over the Internet and the hardware and system software in the datacenter that provide those ...
Best cloud computing training institute in noidataramandal
TECHAVERA is offering best In Class, Corporate and Online cloud computing Training in Noida. TECHAVERA Delivers best cloud Live Project visit us - http://www.techaveranoida.in/best-cloud-computing-training-in-noida.php
Revenue Maximization with Good Quality of Service in Cloud ComputingINFOGAIN PUBLICATION
Cloud computing enables people to use resources and services without implementing them on their systems. Profit and quality of service is the most important factor for service providers and it is mainly determined by the configuration of a cloud service platform under given market demand. Single long term renting scheme is usually adopted to design a cloud platform which leads to resource waste and having more renting charges. The novel double renting scheme which is combination of short term and long term renting is aiming at existing issue. This double renting scheme will effectively and efficiently promises a good quality of service of all request and reduces the resource waste significantly. It also provides services with lower cost compared to short term renting scheme. It uses optimal queuing model to maximize the profit. That means the users can access the services simultaneously. The main objective of proposed system is, to maximize profit of service provider by providing efficient and effective services to user.
Intended for the owners of the business side of the equation, this session is about reducing the complexity of managing costs for AWS deployments, ranging from few instances to fleets of hundreds and thousands of instances, so they run efficiently. Attendees will learn about optimization basics, common roadblocks that prevent customers from cost optimizing, tools they can use to efficiently remove those roadblocks, and techniques to monitor their rate of cost optimization when dealing with AWS deployments ranging from few instances to hundreds and thousands of instances. The session will include multiple case studies that will demonstrate how customers implement optimization techniques to reduce their costs.
How the Cloud is Revolutionizing the Retail IndustryRaymark
In this exclusive guide, you will learn about:
The top 5 advantages of cloud for retailers
The economics of cloud computing
Frequently asked questions about the cloud
Get Started Today with Cloud-Ready Contracts | AWS Public Sector Summit 2017Amazon Web Services
In this session, we provide an overview of existing cloud-ready contracts, such as cooperative, federal, and state directed contracts, and walk through steps on how to choose the right one for your procurement. We compare various cloud-ready contracts by identifying scope, end-user eligibility, and primary service offerings to help you make the right choice for your mission needs. Learn More: https://aws.amazon.com/government-education/
The paper aims to provide a means of understanding the model and exploring options available for complementing your technology and infrastructure needs.
navigating the cloud key considerations for cloud computing solutions.pdfbasilmph
Cloud computing has become a pivotal part of modern business strategies due to its numerous benefits. - By driving innovative digital transformations, cloud technology accelerates the development and implementation of new business models.
Cloud computing - the impact on revenue recognitionPwC
By 2017 global cloud service providers are expected to generate approximately $235 billion of revenue from cloud computing services.
Telecom companies are searching for ways to save money, limit fixed costs and improve efficiencies. The use of cloud computing can help. However, challenges may arise specifically in revenue recognition patterns and costs associated when accounting for revenue generated for cloud services.
IEEE 2015-2016 A Profit Maximization Scheme with Guaranteed Quality of Servic...1crore projects
1 CRORE PROJECTS offers M.E, BE, M. Tech, B. Tech, PhD, MCA, BCA, MSC & MBA projects based on IEEE (2014-2015) and also a real time application projects.
Final Year Projects for BE, B. Tech - ECE, EEE, CSE, IT, MCA, ME, M. Tech, M SC (IT), BCA, BSC and MBA.
When most people in the industry talk about online or digital reputation management, what they're really saying is Google search and PPC. And it's usually reactive, left dealing with the aftermath of negative information published somewhere online. That's outdated. It leaves executives, organizations and other high-profile individuals at a high risk of a digital reputation attack that spans channels and tactics. But the tools needed to safeguard against an attack are more cybersecurity-oriented than most marketing and communications professionals can manage. Business leaders Leaders grasp the importance; 83% of executives place reputation in their top five areas of risk, yet only 23% are confident in their ability to address it. To succeed in 2024 and beyond, you need to turn online reputation on its axis and think like an attacker.\
Key Takeaways:
- New framework for examining and safeguarding an online reputation
- Tools and techniques to keep you a step ahead
- Practical examples that demonstrate when to act, how to act and how to recover
Is AI-Generated Content the Future of Content Creation?Cut-the-SaaS
Discover the transformative power of AI in content creation with our presentation, "Is AI-Generated Content the Future of Content Creation?" by Puran Parsani, CEO & Editor of Cut-The-SaaS. Learn how AI-generated content is revolutionizing marketing, publishing, education, healthcare, and finance by offering unprecedented efficiency, creativity, and scalability.
Understanding
AI-Generated Content:
AI-generated content includes text, images, videos, and audio produced by AI without direct human involvement. This technology leverages large datasets to create contextually relevant and coherent material, streamlining content production.
Key Benefits:
Content Creation: Rapidly generate high-quality content for blogs, articles, and social media.
Brainstorming: AI simulates conversations to inspire creative ideas.
Research Assistance: Efficiently summarize and research information.
Market Insights:
The content marketing industry is projected to grow to $17.6 billion by 2032, with AI-generated content expected to dominate over 55% of the market.
Case Study: CNET’s AI Content Controversy:
CNET’s use of AI for news articles led to public scrutiny due to factual inaccuracies, highlighting the need for transparency and human oversight.
Benefits Across Industries:
Marketing: Personalize content at scale and optimize engagement with predictive analytics.
Publishing: Automate content creation for faster publication cycles.
Education: Efficiently generate educational materials.
Healthcare: Create accurate content for patients and professionals.
Finance: Produce timely financial content for decision-making.
Challenges and Ethical Considerations:
Transparency: Disclose AI use to maintain trust.
Bias: Address potential AI biases with diverse datasets.
SEO: Ensure AI content meets SEO standards.
Quality: Maintain high standards to prevent misinformation.
Conclusion:
AI-generated content offers significant benefits in efficiency, personalization, and scalability. However, ethical considerations and quality assurance are crucial for responsible use. Explore the future of content creation with us and see how AI is transforming various industries.
Connect with Us:
Follow Cut-The-SaaS on LinkedIn, Instagram, YouTube, Twitter, and Medium. Visit cut-the-saas.com for more insights and resources.
Videos are more engaging, more memorable, and more popular than any other type of content out there. That’s why it’s estimated that 82% of consumer traffic will come from videos by 2025.
And with videos evolving from landscape to portrait and experts promoting shorter clips, one thing remains constant – our brains LOVE videos.
So is there science behind what makes people absolutely irresistible on camera?
The answer: definitely yes.
In this jam-packed session with Stephanie Garcia, you’ll get your hands on a steal-worthy guide that uncovers the art and science to being irresistible on camera. From body language to words that convert, she’ll show you how to captivate on command so that viewers are excited and ready to take action.
SMM Cheap - No. 1 SMM panel in the worldsmmpanel567
Boost your social media marketing with our SMM Panel services offering SMM Cheap services! Get cost-effective services for your business and increase followers, likes, and engagement across all social media platforms. Get affordable services perfect for businesses and influencers looking to increase their social proof. See how cheap SMM strategies can help improve your social media presence and be a pro at the social media game.
Core Web Vitals SEO Workshop - improve your performance [pdf]Peter Mead
Core Web Vitals to improve your website performance for better SEO results with CWV.
CWV Topics include:
- Understanding the latest Core Web Vitals including the significance of LCP, INP and CLS + their impact on SEO
- Optimisation techniques from our experts on how to improve your CWV on platforms like WordPress and WP Engine
- The impact of user experience and SEO
Come learn how YOU can Animate and Illuminate the World with Generative AI's Explosive Power. Come sit in the driver's seat and learn to harness this great technology.
Top 3 Ways to Align Sales and Marketing Teams for Rapid GrowthDemandbase
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Monthly Social Media News Update May 2024Andy Lambert
TL;DR. These are the three themes that stood out to us over the course of last month.
1️⃣ Social media is becoming increasingly significant for brand discovery. Marketers are now understanding the impact of social and budgets are shifting accordingly.
2️⃣ Instagram’s new algorithm and latest guidance will help us maintain organic growth. Instagram continues to evolve, but Reels remains the most crucial tool for growth.
3️⃣ Collaboration will help us unlock growth. Who we work with will define how fast we grow. Meta continues to evolve their Creator Marketplace and now TikTok are beginning to push ‘collabs’ more too.
For too many years marketing and sales have operated in silos...while in some forward thinking companies, the two organizations work together to drive new opportunity development and revenue. This session will explore the lessons learned in that beautiful dance that can occur when marketing and sales work together...to drive new opportunity development, account expansion and customer satisfaction.
No, this is not a conversation about MQLs and SQLs. Instead we will focus on a framework that allows the two organizations to drive company success together.
Influencer marketing isn't just for big brands or consumer products anymore. In 2024, marketers face hurdles like escalating paid channel costs, diminishing organic reach, and building trust in their ideal customer accounts. This session offers practical ways to bring influencer marketing into your organization, to provide cost-effective access to niche audiences, countering budget constraints and rising CPMs. We'll discuss the impact of social algorithms on reach, the trust deficit in traditional advertising and how influencer partnerships offer genuine connections with audiences. Attendees will gain actionable insights to integrate influencer marketing into their strategies, leveraging influencers for impactful campaigns in both B2B and B2C environments. Join us to unlock the potential of influencers in navigating the evolving marketing landscape of 2024 and driving meaningful business growth.
Key Takeaways:
- Educate on the various types of influence we can use as marketers
- Establish the problems that make influencers a priority
- Walk through some practical tactics on HOW to run a program leveraging several of these influence channels
First Things First: Building and Effective Marketing Strategy
Too many companies (and marketers) jump straight into activation planning without formalizing a marketing strategy. It may seem tedious, but analyzing the mindset of your targeted audiences and identifying the messaging points most likely to resonate with them is time well spent. That process is also a great opportunity for marketers to collaborate with sales leaders and account managers on a galvanized go-to-market approach. I’ll walk you through the methods and tools we use with our clients to ensure campaign success.
Key Takeaways:
-Recognize the critical role of strategy in marketing
-Learn our approach for building an actionable, effective marketing strategy
-Receive templates and guides for developing a marketing strategy
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
Short video marketing has sweeped the nation and is the fastest way to build an online brand on social media in 2024. In this session you will learn:- What is short video marketing- Which platforms work best for your business- Content strategies that are on brand for your business- How to sell organically without paying for ads.
Most small businesses struggle to see marketing results. In this session, we will eliminate any confusion about what to do next, solving your marketing problems so your business can thrive. You’ll learn how to create a foundational marketing OS (operating system) based on neuroscience and backed by real-world results. You’ll be taught how to develop deep customer connections, and how to have your CRM dynamically segment and sell at any stage in the customer’s journey. By the end of the session, you’ll remove confusion and chaos and replace it with clarity and confidence for long-term marketing success.
Key Takeaways:
• Uncover the power of a foundational marketing system that dynamically communicates with prospects and customers on autopilot.
• Harness neuroscience and Tribal Alignment to transform your communication strategies, turning potential clients into fans and those fans into loyal customers.
• Discover the art of automated segmentation, pinpointing your most lucrative customers and identifying the optimal moments for successful conversions.
• Streamline your business with a content production plan that eliminates guesswork, wasted time, and money.
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In this talk Felipe Bazon will share how him and his team at Hedgehog Digital share our journey of making C-Levels alike, specially CMOS realize that SEO is the backbone of digital marketing by showing how SEO can contribute to brand awareness, reputation and authority and above all how to use SEO to create more robust global marketing strategies.
5 big bets to drive growth in 2024 without one additional marketing dollar AND how to adapt to the biggest shifting eCommerce trend- AI.
1) Romance Your Customers - Retention
2) ‘Alternative’ Lead Gen - Advocacy
3) The Beautiful Basics - Conversion Rate Optimization
4) Land that Bottom Line - Profitability
5) Roll the Dice - New Business Models
2. Contents
• Developing an Economic Strategy
• Exploring the Costs
• Laws of cloudonomics
• Economics of Cloud
3. Cloud Economics
• Cloud economics is the study of the benefits, costs, and principles of cloud computing. It
involves understanding: The total cost of ownership (TCO) of cloud computing, the benefits of
the cloud over on-premises models, and cost optimization strategies that will maximize ROI
on your cloud investment.
• Cloud economics is not just about costs in actual monetary terms, but also about the
opportunity costs of the cloud and the peculiarities of managing costs in a highly dynamic
environment.
• Economics of Cloud Computing is based on the PAY AS YOU GO method. Users/Customers
must have to pay only for their way of the usage of the cloud services. It is definitely
beneficial for the users. So the Cloud is economically very convenient for all. Another side is
to eliminate some indirect costs which is generated by assets such as license of the software
and their support. In the cloud, users can use software applications on a subscription basis
without any cost because the property of the software providing service remains to the cloud
provider.
Economical background of the cloud is more useful for developers in the following ways:
• Pay as you go model offered by cloud providers.
• Scalable and Simple.
Cloud Computing Allows:
• Reduces the capital costs of infrastructure.
• Removes the maintenance cost.
• Removes the administrative cost.
4. Cloud Economics
• What is Capital Cost?
• It is cost occurred in the purchasing infrastructure or the assets that is important in the
production of goods. It takes a long time to generate profit.
• In the case of start-ups, there is no extra budget for the infrastructure and its maintenance.
So cloud can minimizes expenses of any small organization in terms of economy. It leads to
the developers can only focus on the development logic and not on the maintenance of the
infrastructure.
There are three different Pricing Strategies that are introduced by Cloud Computing: Tiered
Pricing, Per-unit Pricing, and Subscription-based Pricing. These are explained as following below.
• Tiered Pricing: Cloud Services are offered in the various tiers. Each tier offers to fix service
agreements at a specific cost. Amazon EC2 uses this kind of pricing.
• Per-unit Pricing: The model is based upon the unit-specific service concept. Data transfer and
memory allocation include in this model for specific units. GoGrid uses this kind of pricing in
terms of RAM/hour.
• Subscription-based Pricing: In this model, users are paying periodic subscription fees for the
usage of the software.
5. Understanding Cloud Economics:
Key Areas
1. Cloud total cost of ownership (TCO)
In cloud computing, the total cost of ownership (TCO) is the total cost of adopting, operating, and
provisioning cloud infrastructure. TCO is helpful for understanding your return on investment.
Businesses have always performed TCO analysis for traditional IT infrastructure. However,
performing TCO analysis for cloud computing can be challenging because the environment is
inherently more complex and dynamic than on-premises environments.
Getting an accurate TCO for cloud computing means capturing the purchase price of on-premises
vs. cloud solutions as well as the intangible costs of either solution. In practice, this means:
Calculating the cost of your current IT infrastructure
Estimating the total cost of cloud adoption (including migration costs)
Quantifying the intangible benefits of the cloud (You can read a step-by-step guide for calculating
cloud TCO here.)
The overall goal is to achieve a lower TCO compared to on-premises infrastructure, but it can also
be about justifying a higher TCO by listing the intangible benefits associated with the cloud, such
as agility and greater speed to market.
6. Understanding Cloud Economics:
Key Areas
2. CAPEX to OPEX switch
Cloud computing uses a different pricing model from traditional computing and this affects how
businesses account for cost. The move from capital expenses (CAPEX) to operating expenses
(OPEX) is a key difference, and it affects how businesses gauge profitability in the cloud.
In traditional IT environments, computing costs are predictable and relatively fixed. A business
pays for the computing capacity it needs upfront and uses the capacity over time. Calculating the
total cost of ownership in this setup is fairly straightforward. In contrast, cloud providers adopt a
pay-as-you-go model and most services do not require any upfront commitment.
The implication is that your business will have variable cloud computing bills that depend on the
services you use and how they are consumed. While this model may save your business upfront
capital expenditure, it can become a huge financial suck if resources are not managed properly.
When moving to or operating in the cloud, it is important to develop and implement cloud cost
optimization strategies that will help regulate your cloud costs.
7. Understanding Cloud Economics:
Key Areas
3. Elasticity
With on-premises systems and traditional IT environments, there’s a cost associated with
anticipating demand. Traditional IT environments are built to anticipate peaks, which means you
buy and maintain excess computing capacity in anticipation of those peak days. For most
businesses, that’s a significant cost for something that’s rarely — if ever — used.
Cloud computing eliminates the need for over-provisioning because you pay only for what you
use. Cloud computing platforms, such as AWS, dynamically allocate resources to projects and
processes, ensuring that a business has the right amount of resources it needs at any given time.
This increases cost efficiency and allows businesses to optimize resource usage.
This elasticity is one of the most appealing aspects of cloud computing and a major selling point
when making a case for switching to the cloud.
4. On-demand pricing
On-demand pricing is a fundamentally different economic approach to computing power. Outside
of the cloud, you’d buy a fixed amount of computing capacity or a physical server that you own.
But in the cloud, you switch to on-demand pricing, so your costs become elastic.
This means cloud costs can quickly spiral out of control if you are not monitoring them regularly
and making data-driven decisions.
8. Economic Characteristics of Cloud
• The unique characteristics of an ideal cloud technology model is mentioned below:
• Scalability: Access to unlimited computer resources without thinking about the
economic aspects. This feature needs planning & provisioning.
• Low Entry barrier: Users can gain access to systems for small investments also;
which allows the offer to access global resources to small ventures.
• Flexibility: Cloud provides high economic elasticity. Users can re-size their
resources based on their need. This feature allows optimizing the system &
captures all possible requirements.
• Utility: As cloud providers 'pay-as-you-go' model, users can match their needs &
resources on an ongoing basis. This eliminates waste and added benefits of
shifting risks from the client.
9. Cloud Costs Management
• The overall goal of cost control and long-term cloud cost management in cloud
computing like every other business is to optimize cloud cost using available
financial resources, getting the most out of every corporate pound or dollar. Most
people think that technology is the key to driving success in the cloud, but, in
reality, it all comes down to controlling costs. Many IT teams find that their cloud
costs grow less efficient as "clutter" builds up in their accounts.
• For effective cost control in cloud computing services, it is quite important to
analyze and manage cloud cost and leverage cloud cost management tools to help
discover the cause(s) of these inefficiencies. Unplanned cloud costs are frequently
the result of lack of visibility about the current consumption patterns and past
trends, nonstandard deployments that come from unclear or absent development
processes, poor organization, or the absence of automated deployment and
configuration tools
11. Cloud Costs Management
• Visibility on Cloud Inventory
• According to a recent survey of IT professionals, 75% report, they lack visibility of
their cloud resources. This lack of visibility into resources in the cloud can lead to
poor management of those resources. Effective cloud cost management begins
with an in-depth analysis of your entire infrastructure. And if some resources in
the cloud are going unused due to lack of awareness, but the organization is still
paying for them, cloud costs will climb unnecessarily – and cut into the
infrastructure savings and other financial benefits the cloud can bring. Admins
who have access to a single pane of glass and detailed Resource Dashboards are
equipped to better organize, manage, and optimize that ecosystem across all
accounts, clouds, departments, and teams.
• Cost Analytics
• Complete visibility on the cloud services used, the actual usage patterns and
trends is the first step. No matter your cloud environment, in addition to tracking
what you have spent, it is important to project what you will be spending. You
need consolidated as well granular details in the form of interactive graphical and
tabular reports across multiple dimensions, time frames in a multi-cloud
environment to correlate data for analysis and reporting against business
objectives.
12. Cloud Costs Management
• Role Based Access
• Permit users to actively manage the infrastructure after setting an Enterprise-wide
mechanism that clearly defines permissions and accessibility within the platform.
Limit the data and actions visible to users by organizations and roles and identify
who launched, terminated, or changed infrastructure, and what they did to take
corrective action and control costs.
• Controlled Stack Templates
• A crucial characteristic of any DevOps team is to enable teams more autonomy
over-provisioning resources without the red tape and extensive time delay of
traditional IT environments Using predefined stack templates, Administrators can
bake in security, network, and instance family/size configurations, so that the
process of deploying instances is not only faster but aligned with the Departmental
user’s roles and privileges and ensures only specific Resources are provisioned.
13. Cloud Costs Management
• Automated Alerts and Notifications
• Stay on top of day-to-day changes in your environment, and participate in the critical decision by sharing
standard and custom built reports with details on cost, usage, performance with stakeholders. Automated
alerts and notifications about authorization failures, budget overruns, cost spikes, untagged infrastructure
result in increased visibility and accountability.
• Policy Based Governance
• Use cloud-based governance tools to track cloud usage and costs and alert administrators when the total
usage for the account is greater than a certain value or when the total usage for a vendor specific product
is greater than a certain value helps control cost. Schedule operational hours to automatically shut down &
start virtual machines, and automated events that alert administrators on volumes that have been
disassociated from Virtual machines (standalone VMs) for more than a set number of days. Based on
event thresholds, remove unused and underutilized resources and avoid unnecessary waste by sizing
instances so they deliver a good balance between performance and cost. Avoid cost overrun by using
policies to terminate servers created to temporarily handle the massive workloads.
• Budgets
• Define and allocate budgets for Departments, cost centers, projects and ensure approval mechanisms to
avoid cloud cost overrun by sending out alerts when thresholds are breached. Use the Showback report to
chargeback Departments for their cloud usage and limit the cloud cost and use of resources. This
alignment of cost with value ensures the anticipated business benefit once the cloud resources are in
production.
14. Cloud Economics Laws
Cloudonomics Law #1: Utility services cost less even though they cost more.
• Although utilities cost more when they are used, they cost nothing when they are not. Consequently,
customers save money by replacing fixed infrastructure with Clouds when workloads are spiky, specifically
when the peak-to-average ratio is greater than the utility premium.
Cloudonomics Law #2: On-demand trumps forecasting.
• Forecasting is often wrong, the ability to up and down scale to meet unpredictable demand spikes allows
for revenue and cost optimalities.
Cloudonomics Law #3: The peak of the sum is never greater than the sum of the peaks.
• Enterprises deploy capacity to handle their peak demands. Under this strategy, the total capacity deployed
is the sum of these individual peaks. However, since clouds can reallocate resources across many
enterprises with different peak periods, a cloud needs to deploy less capacity.
Cloudonomics Law #4: Aggregate demand is smoother than individual.
• Aggregating demand from multiple customers tends to smooth out variation. Therefore, Clouds get higher
utilization, enabling better economics.
Cloudonomics Law #5: Average unit costs are reduced.
• They are reduced by distributing fixed costs over more units of output. Larger cloud providers can
therefore achieve economies of scale.
15. Cloud Economics Laws
Cloudonomics Law #6: Superiority in numbers.
• Superiority in numbers is the most important factor in the result of a combat. Service providers have the
scale to fight rogue attacks.
Cloudonomics Law #7: Space-time is a continuum.
• Organizations derive competitive advantage from responding to changing business conditions faster than
the competition. With Cloud scalability, for the same cost, a business can accelerate its information
processing and decision-making.
Cloudonomics Law #8: Dispersion is the inverse square of latency.
• Reduced latency is increasingly essential to modern applications. A Cloud Computing provider is able to
provide more nodes, and hence reduced latency, than an enterprise would want to deploy.
Cloudonomics Law #9: Don’t put all your eggs in one basket.
• The reliability of a system increases with the addition of redundant, geographically dispersed components
such as data centers and storage arrays. Cloud Computing vendors have the scale and diversity to do so.
Cloudonomics Law #10: An object at rest tends to stay at rest.
• A data center is a very large object. Private data centers tend to remain in locations for reasons such as
being where the company was founded, or where they got a good deal on property or a lease. A Cloud
service provider can locate greenfield sites optimally and without such limits of legacy logic.