Cloud computing has gained a lot of popularity recently especially, during this pandemic, it has grown tremendously. It took over almost all the business functions. According to Canalys’ quarterly report In Q2 of 2020 alone, the global cloud infrastructure spending rise by 31% that is $34.6 billion. At the same time, they may lose this huge money leading all their cloud efforts to waste if the organizations don’t follow effective cloud management. And cloud waste management is a major challenge they face.
The first function of any management process is planning. Plans and strategies for capacity needs is a necessity for any business out there. Rather than buying resources in bulk, estimating the resource usage will allow the growing business as well as the cloud environment to put in more capacity little by little. Organizations must estimate the capacity and requirements of their IT teams, developers, and customers’. For organizations that deal with large workloads regularly, leveraging intelligent platforms to auto-scale the companies’ resources is inevitable. During workload fluctuations, these platforms will automatically get the capacity allocated and released. Also, they can auto-scale those capacities that cater to services during the peak load if they uphold multiple environments.
Additionally, It is very crucial to have relevant knowledge and skill sets within the team. To avoid making extreme mistakes, both organizations and employees need to realize and figure out the disparity between the ‘legacy infrastructure’ and the cloud systems. Since the legacy systems discover and contribute dutifully to the existing IT ecosystem. Therefore it is necessary to approach the advanced and evolving cloud technology with vast experience and technical knowledge. To prevent unnecessary expenditure, businesses can review, audit, and optimize the cloud infrastructure, get down assets, spends, and capacity measures. This will also enable businesses to achieve better financial control and bring about greater visibility over the cloud infrastructure.
Since more and more businesses budge to the cloud, cloud waste will also pile up. This waste is a serious challenge for companies that use cloud services. In 2019 alone, ParkMyCloud a self-service SaaS platform provider reported a business loss of US$14.1 billion due to cloud waste. Outsized resources, inactive run-time, and extreme centralization are the key reasons behind the generation of cloud waste.