Understanding and Managing Cloud Costs
April 8, 2014
Grazed from BitCloud. Author: Editorial Staff.
One of the main reasons quoted for moving some or even all of your in-house computing to the Cloud is the potential for significant cost savings. The pay-as-you-go model of Cloud computing has indeed enabled some organisations to make major savings, however some others have finished up with bills far higher than they expected.
Be aware of exactly how your CSP (Cloud service provider, such as BitCloud) assigns costs. Cloud computing is rightly regarded as very cost effective because system resources are allocated “on demand” and in an “elastic” fashion. It’s up to you, not the provider, to constantly monitor your usage of whatever cloud services you utilise…
You only need to pay for use of additional resources such as extra virtual machines when the need arises, but you can fall into simple traps like leaving virtual machines active yet idle after the workload peak has passed. In other words, remember that this elasticity works in both directions…
Read more from the source @ http://blog.bitcloud.com.au/articles/20140327/understanding-and-managing-cloud-costs?src=whatech
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