How to Reduce Cloud Costs in 2024

If you are responsible for cloud infrastructure there is every chance the importance of containing or reducing cloud costs this year will become a focus of your organisation.

You need to get one step ahead.

With gloomy economic storm clouds on the horizon, some organisations will be looking towards cloud estate rationalization to reduce the size of their cloud provider bill. Whether your business is impacted negatively or continues to thrive as many do during tougher times, reducing unnecessary operational costs just makes sound business sense.

When you are armed with an accurate auto generated diagram of your cloud infrastructure, you know, the stuff that’s actually running right now, you have visual prompts that will enable you to answer the following questions:

Can you consolidate underutilised or idle resources?

When you can see all the resources configured and running in your cloud environment in diagram form, you can start to more easily assess whether things like multiple compute instances are really necessary. Are autoscaling minimum instance numbers set at the right level, or do you have too many instances deployed but sitting idle due to traffic levels not meeting initial expectations.