5 Strategies for Optimizing Your Public Cloud Costs

In recent years, the public cloud has become an essential tool for businesses looking to improve their operational efficiency and scalability. However, with the growing adoption of cloud technology, managing cloud costs has become a top concern for organizations. As of this writing, cloud adoption is at its slowest pace ever and there is an ever increasing repatriation of cloud workloads. (https://www.infoworld.com/article/3684369/2023-could-be-the-year-of-public-cloud-repatriation.html)

Uncontrolled cloud costs can quickly spiral out of control, leading to budget overruns and diminishing returns on investment. Therefore, it is critical for businesses to optimize their public cloud costs to get the most out of their cloud investment.

Here are some ways JDK IT can help optimize public cloud costs:

Right-size your resources: One of the most significant ways to optimize public cloud costs is to ensure that you are using the right amount of resources. Often, businesses overprovision their cloud infrastructure, leading to wasted resources and higher costs. JDK IT can help by analyzing your cloud infrastructure and identifying any underutilized or overprovisioned resources. This can help to right-size your cloud infrastructure, saving you money on unnecessary resources.

Use spot instances: Spot instances are a cost-effective option for running non-critical workloads. These instances are available at a significantly lower price than on-demand instances, making them an attractive option for businesses looking to reduce their cloud costs. JDK IT can help identify suitable workloads for spot instances and set up automated processes to use them when available.

Implement cost allocation and tagging: Without proper cost allocation and tagging, it can be challenging to track cloud costs and identify opportunities for optimization. JDK IT can help implement cost allocation and tagging strategies that enable you to track cloud costs and attribute them to specific departments or projects. This can help you identify areas where you can optimize costs and make data-driven decisions to improve your cloud usage.

Leverage Reserved Instances: Reserved Instances are a way to commit to using a certain amount of compute resources over a one- or three-year term in exchange for a discounted rate. If your business has predictable compute needs, then reserved instances are a great way to optimize costs. JDK IT can help identify suitable workloads for Reserved Instances and help you purchase them to lock in savings.

Monitor and optimize spending: Cloud costs can fluctuate rapidly, and it's essential to keep a close eye on your spending to avoid budget overruns. JDK IT can help by implementing tools that monitor your cloud spending in real-time and provide insights into potential cost-saving opportunities. With this information, you can identify trends and make proactive adjustments to optimize your cloud costs continually.

Understand which workloads make sense to run in the cloud vs. on-prem. Not all workloads will be cheaper to run in the cloud based on a variety of factors. More and more organizations are realizing that even after optimizing or modernizing a workload in the cloud it is much higher to operate in the public cloud verses in an on-premises datacenter. JDK IT can help identify these workloads to help balance cost vs. benefits of public cloud and on-prem datacenter infrastructure.

In conclusion, optimizing public cloud costs is a critical task for businesses looking to get the most out of their cloud investment. By leveraging the expertise of JDK IT and implementing the strategies outlined above, you can significantly reduce your cloud costs while maintaining the same level of performance and scalability. With the right approach, you can achieve a cost-effective and efficient cloud infrastructure that supports your business's growth and success.