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Cloud computing has completely transformed the Australian business landscape, providing scalability, flexibility, and cost-efficiency. However, there’s a significant downside to consider: cloud waste.

Cloud waste refers to the unnecessary expenditure on cloud services, which are often underutilised or not optimised. Shockingly, about 32% of cloud spending goes to waste, which can blow out budgets as expenses soar.

Yet, this issue also presents an opportunity—to potentially cut cloud spending by nearly a third through better utilisation of cloud resources.

Here’s how you can tackle cloud waste in your business and save some cash:

Conduct a Thorough Cloud Audit

Start with a comprehensive audit to get a clear picture of your current cloud usage. This should help you pinpoint underutilised resources, overprovisioned instances, and any unnecessary services. Utilise cloud management tools to produce reports on usage patterns, costs, and performance metrics, laying the groundwork for effective waste reduction strategies.

Implement Right-Sizing Strategies

Right-sizing is about aligning your cloud resources with the actual demands of your workloads. Many businesses get caught in the trap of overprovisioning—securing more resources than necessary, which leads to increased costs. Analyse your needs and adjust your resources using tools from your cloud service provider to ensure you’re only paying for what you really need.

Utilise Reserved Instances and Savings Plans

Cloud providers offer financial incentives like Reserved Instances (RIs) and Savings Plans for committing to a certain level of usage in exchange for lower rates. Analyse your usage and choose the most cost-effective options that align with your long-term business objectives.

Set Up Automated Scaling Policies

Dynamic workloads require dynamic resources. Setting up automated scaling policies ensures your infrastructure adjusts according to actual demand, optimising performance and avoiding excess costs during quieter periods. Features like AWS Auto Scaling and Azure’s Autoscale can help manage this without manual intervention.

Manage and Optimise Storage

Storage costs can escalate quickly, especially if data isn’t regularly reviewed or archived. Establish lifecycle policies to manage less active data by moving it to cheaper storage options. Regularly purge unnecessary data to free up space, adopting a proactive approach to storage management to cut costs.

Schedule Cloud Resources

Optimise the operation of cloud resources by scheduling them to run only when needed. For instance, power down development or testing environments overnight and on weekends, or scale back your production environment during off-peak times. Automation tools can manage these schedules based on rules you set.

Delete Unused or Orphaned Resources

Regularly review your cloud environment and clear out any resources that are no longer needed, such as old snapshots, backups, unused volumes, and inactive accounts. These often linger and incur costs without offering any benefit.

Eliminate Duplicate Services

If different departments are using similar services for the same tasks, consolidate these tools. This not only saves money but also enhances collaboration, reporting, and data integration across the business.

Adopt Serverless Architecture

Serverless computing allows you to run applications with no concern for underlying infrastructure management. You pay only for the compute resources you actually use, reducing both operational complexity and costs. Consider transitioning suitable workloads to a serverless model to maximise resource efficiency and minimise waste.

Book a Cloud Optimisation Assessment

By applying these strategies, you can significantly reduce cloud waste, optimise spending, and enhance both operational efficiency and environmental sustainability.

If you’re grappling with rising cloud costs or need assistance identifying and eliminating waste, our team of cloud specialists is ready to help.

Contact us today to book your assessment and start saving.