Forbes Article Breaks Down the Factors that Can Facilitate Cloud Optimisation

    Cloud-based application deployment is quickly gaining currency among future-focused companies looking to drive business agility and efficiency. 

    Case in point: Global end-user investing in the public cloud environments is predicted to increase 20.7% to a total of USD 591.8B in 2023—up from USD 490.3B in 2022, according to Gartner, Inc.

    “Cloud computing will continue to be a bastion of safety and innovation, supporting growth during uncertain times due to its agile, elastic, and scalable nature,” explains Sid Nag, Vice President Analyst at Gartner. 

    Even though migrating business workloads to the cloud helps gain a competitive advantage, managing the cloud infrastructure and ensuring optimal cloud operation for bolstered efficiency is the biggest challenge facing modern businesses.

    With that said, diligence along with visibility can act as a step-change in managing a cloud infrastructure, thus helping slash a significant amount off a company’s operational costs. 

    Companies that can ensure efficient monitoring by gaining strategic insights into their outlay can capitalise on the cloud infrastructure.

    Due to modern businesses flooding with massive troves of data, leveraging automation to enable effective data analysis is a no-brainer.

    Decision-makers who juggle spreadsheets and depend on endless drilling down to keep track of data fail to meet the visibility requirements of modern applications. 

    Business woman using cloud backup by laptop computer.

    By automating time- and labour-intensive tasks, AI-enabled automation platforms help facilitate cloud monitoring. Thus, businesses can hold sway over their cloud spending by pinpointing budget inefficiencies and scaling up and down their resource usage based on demand.

    The Forbes councils member, Gil Ron, urges businesses to cash in on a cloud optimisation platform that can efficiently address a company’s specific business requirements while also offering the best bang for the buck. 

    “While cost is important, teams will need to decide what other factors need to be prioritised like application performance or boosting IT productivity, and if there are any components they can afford to compromise on,” explains the Forbes councils member.

    Again, compared to remote on-prem infrastructure, with cloud deployment, businesses may sometimes allocate more efforts and resources to a workload than it actually requires. 

    According to research conducted by Flexera, a vast majority of companies are failing to stay within their cloud budgets. In 2021, cloud waste averaged 30% of businesses’ cloud budgets. The figure jumped to a staggering 32% in 2022. 

    It means that cloud optimisation is the most sensible business decision when it comes to increasing a company’s cloud cost savings.

    Managing cloud spending and resource usage is at the epicentre of cloud optimisation; however, it’s a vast concept involving much more than just cutting down the cost.

    Cloud optimisation is about aligning cost to value, addressing service gaps, offsetting the loss of operational efficiency, and spending less on unnecessary tools that add up the cost. The result: businesses can route their efforts and resources in the right direction to drive business efficiency for a measurable ROI. 

    Cloud network storage Computer online technology for computer business virtual cloud service icons and hands on laptop keyboard Data transfer technology concept.

    In addition, the sooner a company devises a thought-out cloud optimisation strategy, the better off it will be in the long run. 

    Identifying and addressing inefficiencies in the early stage (e.g., design stage) is much more profitable than tweaking a company procedure that has already been established.

    However, this is not always the reality—many companies adopt cloud services without fully comprehending what they are actually taking on.

    Such stubborn companies end up overspending and wasting their resources which ultimately impedes their growth potential. 

    On the other hand, a business that implements best practices from the start focusing on cloud optimisation can one-up its competitors with ease. 

    That being said, with class-leading technologies at their disposal, businesses can optimise their cloud costs and effortlessly comply with regulations while also securing their systems.

    For businesses striving to grow at scale, seeking help from an expert managed cloud service can be a great help. 

    By enabling proactive monitoring, a managed cloud partner helps streamline cloud operations. 

    On top of this, providing clear visibility of a company’s cloud expenditures, along with tools and data-driven guidance, a cloud partner is committed to helping optimise a client’s cloud cost and performance. 

    Check out the Forbes guide for more information.

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