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Making an IaaS Cost Management Tool Earn For You

By ET Bureau - January 31, 2019 3 Mins Read

Making an IaaS Cost Management Tool Earn For You

IaaS will be big business in 2019. Projections put $39.5 billion to be spent on Infrastructure as a Service (IaaS) this year, so many cloud users will need to optimize spend with an IaaS cost management tool. Identifying the one that can optimise costs can be a tough exercise. Here is how to choose for one that will help cut cloud costs and reduce waste:

Choose one with an easily Navigable UI

When adopting a new piece of software, your concern should be to utilise it for efficiency, not waste time navigating its interface.  It should be designed to provide an easy user experience, to enable users to accomplish tasks quickly. The utility of the tool depends on how simple and easy to follow it is so that every cloud user can contribute to the task of managing IaaS cost.

 Better Visibility

All information needs to be visible and available in one place – to make sure nothing gets overlooked. When complete visibility is there, it is easier to identify strengths/weaknesses that need to be focused on to help manage IaaS cost.

Clear Reporting

Since the whole purpose of adopting IaaS is to save costs, it is important that the IaaS cost management tool adopted includes the ability to generate clear cost and savings Reports. These reports will provide the information needed to make quick, informed decisions – to understand the past and make a clear forecast for the future.  An added attraction will be automated recommendations based on the resource utilization history and patterns and a cost optimization tool to report on the savings that have been accrued, so RoI justification becomes easier.

Also Read: The global IaaS Public Cloud Services Market Value has grown by almost 40.7% in 2020

Implements actions

With actionable data and suggestions, implementation of these changes is the next step for cost optimization, using the reports and data gathered. The idea is that the tool should be automated to be able to manage your resources and implement any necessary changes.

 Automation and APIs

APIs are necessary because they allow the tool to work in conjunction with other operations. This automated process allows streamlining of all data, with the support of inbound actions and outbound notifications- making things faster and more efficient. Thus it’s easy to cut down on time and IaaS cost.

However, these are mere guidelines. Each organisation has unique challenges and situations, and needs to identify a tool that works best for them.

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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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