The document discusses cloud cost optimization and management, noting that as cloud usage grows it is important for organizations to focus on cloud costs and governance. It identifies that the top priorities for central IT management are managing cloud service costs for running apps and setting cloud policies. The document provides an overview of strategies for cloud cost optimization, including analyzing costs, tracking wastage, developing a checklist, and using cloud management platforms.

1. Trends, Analysis and Strategy!
What is
Cloud Cost
Optimization and
Management?

2. Index
Introduction>
> Why Cloud Cost Management?
Cloud Cost Management and Optimization>
> Looking for Assistance?
> Contact Us

3. Introduction
Better the spending optimization, better will be the resultant Return on Investment (RoI)
Unable to mitigate cloud
expenditure costs?
Not able to realize Cloud RoI?
Cloud budgetary planning becoming
a nightmare?
Finding ways to optimize cloud
spending?
It’s time to think of ‘Cloud Cost Optimization and Management Strategy’!
On path to achieving cloud maturity?

4. Why Cloud Cost Management?
As cloud use grows, organizations focus on
cloud costs and governance
- The 2019 State of Cloud survey

5. 2019 State of Cloud: Key Findings
As per this survey of around 786 technical professionals,
Optimizing cloud usage for cost savings continues to be the top initiative in 2019, for the third
consecutive year
38% enterprises spent more than USD 2.4 million while 50 percent spent above USD 1.2 million, annually on cloud
Cloud governance, cost management and optimization continue to be serious challenges, regardless of cloud maturity
Managing cloud service costs for running apps, setting up cloud policies are top priorities of central IT management
Understanding cost implications of running licensed software is ‘top-of-the-mind’ issue
Underestimation of wasted cloud spending is increasing, at 35% as of 2019
Less implementation of automated policies despite awareness on cloud cost management

6. Cloud Cost Management and Optimization
Continued….
Achieving this goal requires a detailed understanding of four key factors:
1
Track Wastage
A 7-point Checklist Strategy
Cloud Management Platforms
Analyze Cloud Costs
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3
4

7. 1. Analyze Cloud Costs
This includes:
Evaluation
Go with a perfect cloud
strategy for efficient cost
evaluation
Billing model
Compare, assess and
determine vendors by region
and service-specific costs
Regular Monitoring
Continuous monitoring is key to
understanding infrastructure
requirements
Continued….

8. 2. Track Wastage and optimize costs
This includes identifying:
Continued….
Orphaned Resources
Orphaned Snapshots, Unassociated IPs, Load Balancers, Unused Machine Images, Orphaned Object Storage
Overprovisioned Resources
Instances, Volumes, Database Warehouses, Relational Databases
Idle Resources
Instances, Load Balancers, Relational Databases, Scale Groups
Reserved Instances (RI)
Expired and Unused RIs

9. 3. Prepare a 7-point Check List
Continued….
Identify resources
Make resources visible
Whitelist resources
Schedule repeating instances
Storage management
Plan budgets
Plan region-wise pricing
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1

10. 4. Cloud Management Platforms (CMPs)
Continued….
“IT and infrastructure and operations leaders, who need to
provide automation, governance, and self-service brokering
across multi-cloud resources as well as business unit leaders
responsible for managing cloud costs, often find CMPs to be an
indispensable solution.”
Gartner in its first-ever Magic Quadrant evaluation
of Cloud Management Platforms (CMPs) in 2019

11. 4. Cloud Management Platforms (CMPs)
CMPs manage multi-cloud services and resources such as cloud governance, life cycle management and
automation for managed cloud resources, across seven key functional areas:
Provisioning and orchestration
Service request management
Inventory and classification
Monitoring and analytics
Cost management and resource optimization
Cloud migration and backup and Disaster Recovery
Identity, security and compliance

12. Looking for Assistance?

13. Looking for a Reliable Advisory?
A Right IT Consulting Partner, Right in front of you!
Let’s Discuss!

14. Thank You
Veritis Group Inc
www.veritis.com
info@veritis.com
1231 Greenway Drive, Suite 1040, Irving, Texas 75038
1-877-VERITIS (283-7484), 972-753-0022
972-753-0033