“Trust dies but mistrust blossoms”
- Sophocles
When you have responsibility for a significant expense it is important for you to manage that expense. If you do that poorly, you can lose the trust of your organization’s executive team. In this article, we look at what poor cloud cost management looks like, and we look at the problems it can lead to that hold your organization back.
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…Penny wise but pound foolish…
…Tripping over dollars to pick up pennies…
It’s foolish to give up $100 to save $1. Yet that’s what happens when we over-invest in cost optimization. We save $1 and miss an opportunity worth $100.
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For any service you wish to build there are dozens of ways to design it. Each design will have its own strengths, limitations, and cost considerations.
In this article we will compare cost of three designs for a simple static file hosting service.
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The biggest factor in cloud infrastructure costs is not your choice of cloud provider, what region you select, how many users your service supports, or how much data it processes.
The single biggest factor is how effectively your solutions are engineered to make efficient use of the cloud platform.
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According to the 2020 State of the Cloud report1, 73% of companies using cloud infrastructure have identified “Optimize existing use of cloud (cost savings)” as a top initiative for 2020. This has been a top reported priority for the fourth year in a row.
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