Have you recently started your cloud journey? Are you looking towards minimizing your cloud costs? Are you looking for out-of-the-box optimization techniques and practices? If you answered “yes” to any of these questions, you are at the right place at right time.
What is cloud migration?
Everywhere you turn these days “the cloud” is talked about because of its agility and flexibility, cutting-edge technology, and lower costs. Migrating to the cloud has allowed businesses to adapt to increasing online demand and remote working, leaving companies asking “why did we wait?”. In fact, Gartner forecasts that the cloud market by 2022, 90% of organizations will be in the cloud.
Understanding what cloud migration is, what costs are involved, how to migrate, and what benefits it can bring to your business, will help you decide what approach suits your company’s goals and needs.
4 Steps To Modernize Your Cloud Design
To help mitigate unexpected costs that may arise, sometimes reaching over 200% compared to what was expected, we put together a four-step plan to get to the root of the issue and modernize your design to overcome challenges like performance, time to market, and governance control.
Cloud Spend Analysis
Process Improvement and Optimization
Monitor, Assess & Improve
Step 1: Cloud Spend Analysis
To start, we examined our costs within our cloud provider’s interface, for sake of this article, we explored AWS. Using the AWS billing and cost management console, we immediately realized that we were limited to standard reporting. Using our Cloud Cost Monitor (CCM) solution accelerator, we were able to uncover hidden insights and forecast year-end costs. Without this visibility, cloud expenses would have exceeded what was budgeted.
Step 2: Process Improvement and Optimization
CCM helped uncover hidden insights and directed focus toward areas needed for optimization.
Efficient Computing Services – select compute resources that can be re-engineered with less configuration
Discounted Services – identify services that can be replaced with discounted services, and devise a backfill mechanism in case of unavailability, minimizing microservices costs.
Separate Cold and Hold Storage – tag each data element in our system as “hot” or “cold” to fully understand your data storage strategy & device solution to minimize storage cost
Consolidate Resources – source jobs that can be executed together using a single compute resource to optimize utilization rates and establish parallelism
Enterprise Volume Discount – the more you use a cloud service, the lower the costs, therefore partner with all stakeholders to consolidate to one service when available
Step 3: Design Modernization
Move away from traditional data warehousing designs and look for ways to modernize your cloud strategy. For example, using both the Columnar Design Strategy and the Smart Master Data Management processes, not only saves +60% computing costs but can also save up to +15% of storage costs. Also, modernizing can bring forth a simplified design, reduced touchpoints, increased ease of maintenance and operations, optimization of the data delivery process, and accelerated recovery from outages.
Columnar databases have been called the future of business intelligence (BI) since they compress similar data to reduce storage because of clever algorithms for storing repetitive information. Query on columnar data structure pulls only required data as compared to a row-oriented data structure.
Step 4: Monitor, Assess & Improve
There is a very famous quote by Charlie Chaplin, “Nothing is permanent in this wicked world–not even our troubles”. Like Charlie states, the same is true with the cloud, things change with time, therefore it is imperative to have a continuous strong monitoring system. Ensuring you have a governance report as a contingency plan will control updates over master data values and alert your operations team in case costs or percentages exceed the threshold limit.
Through this four-step process, you can increase business confidence in your cloud strategy, save data processing costs, and equip your team members to handle any surprises.