Public Cloud Cost Clarity And Optimisation – At No Additional Cost

Ensuring cost clarity and optimisation on any public cloud platform is valuable.

Ensuring cost clarity and optimisation on any public cloud platform is valuable. Unfortunately, most companies struggle with attaining either or both of these goals. We at Nordcloud believe that a real Solution Provider should do this for the customer. At no additional cost.

For years public cloud has delivered IT Infrastructure as it should be, an on-demand service charging only for the actual use. Resources and services can be fired up and turned off instantly and programmatically as they are needed. More often than not, users are quick to move ahead in resource and service use – but a lot slower in cleaning up or shutting down unnecessary resources.

Public Cloud Cost Clarity And Optimisation

Billing data is very granular and can even go down to the level of cost of an individual request, delivered kilobyte or second of resource use. This granularity delivers the ultimate “pay only for what you use” promise. The flip side is that with any significant public cloud use, the billing data becomes huge and eventually a nightmare to make any sense of. We have all heard which road is paved with good intentions!

Public cloud cost clarity means really understanding what is driving its costs, how costs could be contained – and ultimately who should pay for these costs. A pay-as-you-go model does not really work if the costs are allocated inaccurately in the organisation. To add to the mix, providers offer several ways to reduce service costs by choosing the right service types, through volume discounts, reservations or discounts from continued use. While buying public cloud services has become more flexible it has also become more complex.

Our customers are undisputed leaders in their respective fields. They use the public cloud to make product and service innovations, deliver value to their customers every day and disrupt their industries. This is their core competence – not necessarily the public cloud itself. A master carpenter often does not know how to make the best possible chisel, he just uses it artfully. Why should a world leader in specialist travel experiences shift their focus to public cloud cost reporting, sorting out allocations every month or try to learn ways to save money?

Monitor And Analyse The Public Cloud Spend

Public cloud cost optimisation requires deep and consistently current understanding of the many ways to purchase it – and how they would fit the organisation’s current and planned use. You pay too much If you don’t do anything – you may pay too much if you optimise the wrong way. Our customers’ experiences and skills in cost optimisation vary greatly and results follow this variance. As with many other things in life – optimisation is best left to experts.

We at Nordcloud help our customers with both cost clarity and cost optimisation. We provide our customers with Nordcloud Insight, a proprietary tool, enabling our customers to view, monitor and analyse their public cloud spend in various ways. We also provide regular cost optimisation proposals driven by both artificial and real intelligence on how to save costs from the public cloud. Most importantly, we do this as continuous operations – professional cost optimisation is not a one-time event.

So far we have found meaningful cost savings opportunities from all of our customers – even those considered widely as best practitioners in the field. Typically we find opportunities ranging from 20-30% of their current public cloud costs. In the “best practitioner” category, our findings have still been well over 10%.

We deliver cost clarity and cost optimisation at no additional cost to our customers. We believe public cloud is different. We believe our customers should also be treated differently from the traditional hosting company customers.

Why not contact us and see how we could not only deliver cost clarity to you but also lower your cost of public cloud.

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    Public cloud cost clarity and optimisation – at no additional cost

    CATEGORIES

    Blog

    Ensuring cost clarity and optimisation on any public cloud platform is valuable. Unfortunately, most companies struggle with attaining either or both of these goals. We at Nordcloud believe that a real Solution Provider should do this for the customer. At no additional cost.

    For years public cloud has delivered IT Infrastructure as it should be, an on-demand service charging only for the actual use. Resources and services can be fired up and turned off instantly and programmatically as they are needed. More often than not, users are quick to move ahead in resource and service use – but a lot slower in cleaning up or shutting down unnecessary resources.

    Public cloud cost clarity and optimisation

    Billing data is very granular and can even go down to the level of cost of an individual request, delivered kilobyte or second of resource use. This granularity delivers the ultimate “pay only for what you use” promise. The flip side is that with any significant public cloud use, the billing data becomes huge and eventually a nightmare to make any sense of. We have all heard which road is paved with good intentions!

    Public cloud cost clarity means really understanding what is driving its costs, how costs could be contained – and ultimately who should pay for these costs. A pay-as-you-go model does not really work if the costs are allocated inaccurately in the organisation. To add to the mix, providers offer several ways to reduce service costs by choosing the right service types, through volume discounts, reservations or discounts from continued use. While buying public cloud services has become more flexible it has also become more complex.

    Our customers are undisputed leaders in their respective fields. They use the public cloud to make product and service innovations, deliver value to their customers every day and disrupt their industries. This is their core competence – not necessarily the public cloud itself. A master carpenter often does not know how to make the best possible chisel, he just uses it artfully. Why should a world leader in specialist travel experiences shift their focus to public cloud cost reporting, sorting out allocations every month or try to learn ways to save money?

    Monitor and analyse the public cloud spend

    Public cloud cost optimisation requires deep and consistently current understanding of the many ways to purchase it – and how they would fit the organisation’s current and planned use. You pay too much If you don’t do anything – you may pay too much if you optimise the wrong way. Our customers’ experiences and skills in cost optimisation vary greatly and results follow this variance. As with many other things in life – optimisation is best left to experts.

    We at Nordcloud help our customers with both cost clarity and cost optimisation. We provide our customers with Nordcloud Insight, a proprietary tool, enabling our customers to view, monitor and analyse their public cloud spend in various ways. We also provide regular cost optimisation proposals driven by both artificial and real intelligence on how to save costs from the public cloud. Most importantly, we do this as continuous operations – professional cost optimisation is not a one-time event.

    So far we have found meaningful cost savings opportunities from all of our customers – even those considered widely as best practitioners in the field. Typically we find opportunities ranging from 20-30% of their current public cloud costs. In the “best practitioner” category, our findings have still been well over 10%.

    We deliver cost clarity and cost optimisation at no additional cost to our customers. We believe public cloud is different. We believe our customers should also be treated differently from the traditional hosting company customers.

    Why not contact us and see how we could not only deliver cost clarity to you but also lower your cost of public cloud.

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      How to build a business case for the cloud in financial services

      CATEGORIES

      Blog

      The financial services sector is well known for its caution surrounding technological change, due to its history of regulations, legacy and money handling. However, with constant pressure on IT budgets and the need for digital innovation, financial services firms can no longer ignore the benefits the public cloud have to offer.

      In a recent survey, 74 percent of banks report that the cloud will become a major factor in the industry within the next five years. Why? Because the cloud offers the financial services a cheaper, more scalable and agile way to improve their business operations without having to compromise security or compliance.

      In this blog post, we’ll discuss the business case for moving your financial business to the cloud. Here are four benefits that may help solidify your decision to embrace digital transformation:

      1. Cost Reductions:

      In today’s unsteady economy, financial services are not just looking for ways to cope with cost pressures; they’re looking to invest in innovative technology to help them:

      • Compete with FinTech insurgents
      • Improve operational efficiency
      • Accelerate modelling and analysis
      • Serve customers better
      • Differentiate themselves in the market with innovative services

      It’s no secret that well-architected environments in the cloud are a cheaper alternative to co-location or on-premise solutions. In fact, 88 percent of financial institutions believe that the reduction in TCO (total cost of ownership) is the biggest benefit of a cloud-based infrastructure. By embracing the cloud, money that was once spent on capital infrastructure and keeping servers cool can instead be used to focus on operations and opportunities that matter to individual businesses and their customers.

       

      2. Integrated Security:

      Although traditional data centres offer businesses a physical sense of security, they aren’t always the best long-term or most economic solution. For financial services that are planning on scaling their business and using new, innovative technologies, moving some of your infrastructure to the cloud is almost inevitable.

      It’s important to note that this move does not make your data less secure. Despite the security myth surrounding cloud technology, your sensitive information will remain safe on the cloud, providing your financial business has a clear and strictly implemented security policy. Your level of security also depends on your cloud service provider.

      Here are some examples of security features your provider can offer:

      • Access control that allows you to choose who in your business can, or cannot, access sensitive data. For instance, Azure Active Directory helps ensure that only authorised individuals can access your applications, environments and data.
      • Behaviour analytics that can detect threats and anomalies and report any unusual behaviour or unauthorised access.
      • Integrated security across all of your business’ applications, meaning that employees are safe to work from anywhere.
      • Continuous monitoring of your servers, applications and networks to detect threats. Businesses also have the option to deploy third-party security solutions within their cloud environment, such as firewalls and anti-malware.
      • Physical security. For example, Azure’s regional data centres include fencing, CCTV and security teams.
      • Shared security with your cloud service provider. In order to keep your data as secure as possible, your business needs to take responsibility for your own security practices, in regards to your applications and employees.

      3. Quick & Economic Scalability:

      Growth is important to all businesses, particularly when you’re handling new customers and data on a daily basis. With the cloud, companies can scale and deploy releases quickly and continuously (either automatically or manually) according to demand, or reduce resources if needed. This means that you only need to pay for the platforms that you actively use across your business or IT infrastructure.

      For example, an insurance firm may need to run complex risk models to respond to market changes. Doing these calculations in the cloud lets them access hundreds or even thousands of processors to complete the modelling quickly. Yet, this performance isn’t required all the time so delivering this kind of high-performance computing cluster in-house is prohibitively expensive.

      4. Big Data, automation, and analytics:

      Storing large amounts of data isn’t much use if you don’t know how to handle it. Unlike traditional storage solutions, the cloud delivers a better, cheaper and more personable approach to big data and analytics. The intelligent insights you can harness allow you to deliver the best internal and customer engagement actions for your business.

      Big data and integrated customer relationship management tools can allow you to:

      • Gain a 360-degree view of customer information and profiles. This can allow financial services to gain a better insight into customer trends and risks, as well as offer an opportunity to improve customer services.
      • Analyse transactions and operations quickly without having to manually look through masses of documents and memos. Ultimately, this allows the financial services to gain better insight into market trends, provide better customer service and help to automate some time-consuming workloads.
      • Access structured and unstructured data quickly across one integrated platform. Financial services are able to analyse this data to gain insights into regulatory risks across all disparate sources.

      Embracing Change

      Due to the regulations surrounding financial institutions, these organisations have historically been slower at adopting the cloud than other verticals.

      However, the competition is not going away. The financial services industry is being challenged by more digitally focused banks that are able to offer their services quicker and more efficiently. This is because they have built their infrastructure in the cloud.

      Using an experienced partner can help you to achieve the maximum benefits the cloud has to offer. So, if your financial business is ready to make the move to the cloud, contact us here. We’d love to hear from you.

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      Let’s discuss how we can help with your cloud journey. Our experts are standing by to talk about your migration, modernisation, development and skills challenges.