The move to cloud computing has revolutionized the way businesses work. Scalability, flexibility, and access to advanced technologies are available without significant investments in either hardware or infrastructure. With this, companies can dynamically scale up their resources, adopt advanced technologies like Artificial Intelligence, and flawlessly support remote workforces.
However, the cloud's benefits also come with a complex cost structure that is easy to mismanage. According to Flexera’s 2023 State of the Cloud Report, organizations waste an estimated 30% of their cloud spending due to idle resources, over-provisioned infrastructure, and lack of visibility into spending.
Managed Cloud Services offer expertise, automation, and cost-control mechanisms that allow businesses to get the most out of their cloud infrastructure. When optimizing cloud costs is difficult, managed services can be a strategic way to free you from the headache of managing costs and help you get the most out of your investment without losing performance.
Let’s explore ways managed cloud services can help your business reduce cloud costs, maintain operational efficiency, and scale your cloud environment effectively.
1. Rightsizing Resources
Overprovisioning of the resources is one of the biggest challenges that businesses face.
When cloud environments are overallocated, enterprises pay for unused or underutilized resources. Cloud-managed services help avoid this by continuously monitoring workloads and adjusting resource allocations to align with usage.
A Managed Cloud Services provider will always check that your workloads are hosted on the most cost-effective instance while optimizing data storage, CPU, memory, and networking resources. This will drastically cut down your cloud bills.
2. Economical Storage Management
Poor data storage can quickly add up to cloud storage costs. Cloud Managed services involve techniques that ensure frequent data access rests on higher-performance storage, while less critical data gets offloaded to inexpensive storage, like cold or archival storage. More importantly, these costs can be further decreased by compressing data, deduplication techniques, and managing backup policies without affecting performance or data integrity.
3. Automated Scaling
One of the cloud's best advantages is its ease of scalability. If not managed appropriately, it could be one of the worst things that might cause a sudden surge, enhanced usage, and costs. Resources in the Managed Cloud are automatically scaled based on demand, and controls are set based on limits to manage expenses.
The balance between high performance and cost savings can be perfectly balanced during peak hours when demand is lower.
4. Application Modernization
Most legacy applications not optimized for the cloud run inefficiently and consume more resources than are required. These MSPs modernize those applications using microservices architecture, containers, and serverless computing, which reduce resource consumption and result in cost efficiency.
In other words, modernizing applications can ensure businesses use all the cloud-native tools and services orchestrated to work effectively in the cloud.
5. Financial Operations and Budgeting Tools
Cloud Managed Service providers apply the principles of Financial Operations to drive optimized cloud cost management. Real-time tracking of financial data, line-item usage reports, and forecasting tools give the organization the knowledge and insight to set and stick to a budget without surprise costs.
Some of the financial operations gains include:
- Provides insight into cloud spending trends.
- It can help you predict future costs and reduce sudden price increases.
- Align your Cloud budget with your business objectives.
6. Utilizing Reserved Instances and Savings Plans
Many major cloud providers offer reserved instances and savings plans, allowing customers to save significantly when using specific resources over a fixed period. For example, Wanclouds offers new customers a free migration of VMware to IBM or AWS for up to 150 virtual machines when they sign up for a one-year managed service subscription.
They help organizations select the correct instance type or reserved term length adequate for their workload profile.
7. Centralized Monitoring and Alerts
Managed Services Providers offer a centralized dashboard through which your business can monitor cloud utilization, performance, and related costs. These real-time triggers automatically send alerts if usage crosses the pre-set threshold levels, thus allowing you to take appropriate action before things get out of control.
Suppose traffic suddenly expands, spikes resource consumption, or both. In such instances, managed services providers can send automatic notifications to your team or automatically trigger resource optimizations to absorb the load without an unreasonable increase in cost.
How Wanclouds Can Help?
Wanclouds Managed Cloud Services are designed to help businesses achieve maximum cost efficiency while maintaining optimal performance across their cloud environments. Some of the key features of our service include:
- Reduce Unnecessary Costs: Identify and eliminate unused or underutilized cloud resources, ensuring you only pay for what’s necessary.
- More Innovative Budgeting: More Innovative Budgeting: Wanclouds offers actual-time insights into your cloud expenditures to make your budgeting choices less difficult.
- Optimized Resource Allocation: Streamline resource allocation based on actual demand, reducing overhead and avoiding overprovisioning that leads to unnecessary costs.
- Minimal Costs: Wanclouds ensures your cloud infrastructure is fine-tuned for optimal performance so you can achieve your business goals without overspending.
To get started with Wanclouds Managed Cloud Services, you can fill out a form on our website or contact our sales representatives at [email protected]. For further information, you can also download our detailed datasheet.
