Five Ways to Reduce Your Cloud Costs
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If you’re not careful, cloud costs can quickly spiral out of control. But there are ways to keep your spending in check. Here are five tips:
1. Understand what you’re paying for
Before you can start saving, you need to know where your money is going. Take a close look at your cloud bill and see what services are eating up the most cash.
2. Review your bill regularly
Once you know which services are costing the most, see if you can trim down your usage. For example, if you’re paying for more storage than you actually need, see if you can downgrade your plan or delete unneeded files.
3. Invest in cost-effective tools
In some cases, it may make sense to switch to a cheaper alternative. For instance, rather than using Amazon S3 for storage, you could use Amazon Glacier which is cheaper but has slower access times.
4. Use reserved instances
Use reserved instances wisely. Reserved instances can save you a lot of money if used correctly, but they can also end up costing more if mismanaged. Be sure to understand how reserved instances work and only purchase them when needed.
5. Avoid over-provisioning
Some cloud providers automatically provision more storage space than you actually need, which can lead to unnecessary costs. Make sure you specify exactly how much storage space you need when signing up with a provider to avoid over-provisioning charges.