Making cloud computing cost models work for you

Grazed from TechTarget. Author: Christine Cignoli.

Cloud computing has changed the cost and budget equation for many businesses, and IT managers can get a better understanding of where the money goes — and get more for their cloud money — if they keep a watchful eye on the numbers. Using cloud Infrastructure as a Service (IaaS) can remove a business’s capital expenditure, said Kris Bliesner, CEO of 2nd Watch, an Amazon Web Services (AWS) systems integrator. But the timing involved in deploying IT services has shifted dramatically, Bliesner said.

"Before, when I talked about building a budget as an IT person, I thought about three years ahead," he said. "Now, my cost model is a by-the-hour cost model. How do I take advantage of that?" Bliesner offered some tips on getting the most out of this new cloud cost model at the Modern Infrastructure Decisions conference in New York last week…

Lower your cloud computing costs

First, Bliesner said, employ a pay-for-use cost model. With that method, it makes sense to schedule regular server jobs and configure a baseline, then scale from that accordingly to meet demand. "We schedule our servers to do backups every day," he said, "and it costs about $0.67 a month to do that."…

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