Cloud computing is well known for its cost-effectiveness. For a flat monthly fee, the cloud gives you access to enterprise-grade technology as long as you have a stable internet connection. Because of the cloud's flexibility, you don't have to make a significant upfront hardware and software investment.
However, despite the cloud's benefits, many businesses can still find themselves overspending on their cloud services. If you're not careful, it's easy to let your cloud costs spiral out of control. In this post, we'll share some simple tips to help you get the most out of your cloud investment while keeping your expenses in check.
1. Track your cloud expenditure
To control your cloud costs, you need to have a clear understanding of where your money is going. Fortunately, most cloud providers offer comprehensive tools to help you track your spending. Microsoft Azure, in particular, offers a Cost Management tool that gives you a detailed breakdown of expenses associated with cloud storage, virtual machines, bandwidth, cloud services, and more. This allows you to make informed decisions about where to cut costs and how to optimize your cloud usage.
2. Avoid overprovisioning resources
Businesses often make the mistake of ordering more computing power or storage than they actually need. This might seem like a good idea if you are anticipating future growth or sudden utility demands, but it can end up costing you more in the long run.
The great thing about cloud services is that they are dynamic, allowing you to effortlessly add or remove resources as your usage needs change. As such, there is no need to overcompensate by ordering more than you need. If you find that you're regularly exceeding your monthly allotment of resources, whether it be compute power, storage, or bandwidth, it may be time to consider upgrading your subscription. On the other hand, if you find that you're not using all the resources included in your subscription, you should scale down to a lower-priced plan whenever possible.
3. Consolidate cloud apps
If you're using multiple cloud providers, it's important to consolidate your resources where possible. For instance, Microsoft 365 offers a comprehensive suite of cloud-based productivity and collaboration tools, including email, file storage, and video conferencing. By relying on one multifunction platform instead of relying on several providers for different services, you can significantly save on monthly subscription fees and simplify IT management. In addition, consolidating your cloud services can help you take advantage of volume discounts and other cost-saving opportunities.
4. Review your existing cloud services
Slight price and service offering adjustments can often go overlooked, but they have a big impact on your monthly expenses. Make it a habit to regularly review the cloud services you're using and compare them with alternatives. Chances are, you'll be able to find a cheaper or more efficient solution that better meets your needs. Make sure to calculate the return on investment of switching providers before making any decisions.
5. Consult with a managed IT services provider (MSP)
If you're struggling to keep your cloud costs under control, it may be time to seek professional help. An MSP can assist you with identifying ways to optimize your cloud usage and reduce your monthly expenses.
They can also help you develop a long-term cloud strategy that meets the unique needs of your business while staying within your budget. Plus, top MSPs often have connections with major cloud providers, which can give you access to exclusive discounts and opportunities to save on costs
Athens Micro is an MSP certified to help you get the most out of your cloud investment. Whether you're looking for infrastructure services like Microsoft Azure or cloud software, our team can help you find the right solution for your business. Contact us today to learn more about our services.