Out of the Box Solutions Blog

Tip of the Week: Don’t Waste Capital In the Cloud

Tip of the Week: Don’t Waste Capital In the Cloud

The cloud has transformed the way people work; and, as a result people rely on it for more than ever. Some businesses have all their computing resources in the cloud, while many others utilize it for software as a service, communication tools, and other major parts of their business’ IT. The more businesses start relying on cloud-hosted computing resources, the more these cloud resources are being wasted. Since they come at a premium price, businesses are beginning to discover that they are wasting money on their cloud.

Cloud Use and Waste
Cloud computing is currently a $130 billion industry and some analysts suggest that it could grow to be worth as much a $411 billion by the 4Q of 2020. With that level of investment being made, there will always be some wasted resources, but amazingly some surveys conducted have found that nearly one-third of cloud computing resources are wasted. If you put that in the context of your business’ cloud investments, you’d have to agree that you probably don’t want to flush 33 percent of any investment down the drain.

How Do Businesses Waste Cloud Resources?
The first thing you’ll have to do to mitigate wasting capital on cloud resources is to get an idea of what your total cloud commitment is (from an operations standpoint). Most businesses that struggle with losing revenue in the cloud don’t have a strategy in place to keep track of those resources. They may be paying for redundant solutions or not using large portions of a solution, driving up the cost per month. Traditionally it is easy for businesses to lose track of accounts and end up paying for resources they don’t need, but there really isn’t any excuse to pay more for a service like cloud computing. It is one of the most available computing resources in business today.

Another way that the average business may waste money is by employing cloud-based tools that they barely use. For instance, if you needed cloud-based software licenses for a project that has been finished, but it’s taken some time to notice, you will find that all the licenses you’ve paid for don’t stop their billing cycle. Moreover, for companies that take advantage of cloud-based infrastructure or development platforms, keeping them functional long beyond their use will lead to lost revenue (as these computing constructs aren’t actively helping generate any new revenue).

At Out of the Box Solutions, one of our main benefits is helping organizations keep their business’ computing budgets working for them. Our technicians will do a full audit, and will definitely see any redundant or unused cloud platforms. Sometimes these resources are kept around because they hold proprietary or important information. Our technicians can get that data migrated over to more long-term computing resources so that you can stop paying per month for computing resources that you don’t use.

For more information about how we can help your organization cut your software costs, and manage your cloud-based computing resources, call our professional IT consultants today at 800-750-4OBS (4627).

Comparing Physical and Virtual Servers
Sexy Scam Relies on Your Belief that Someone Was W...


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Tuesday, January 22 2019

Captcha Image

Mobile? Grab this Article!

Qr Code

Tag Cloud

Tip of the Week Security Best Practices Technology Business Computing Network Security User Tips Tech Term Privacy Productivity Internet Cybersecurity Efficiency Smartphones Android Microsoft Communication Malware Mobile Device Browser Hardware Network Email Small Business IT Support Cloud Data Ransomware Wi-Fi Passwords Data recovery Internet of Things Windows 10 Mobile Devices Wireless IT Services Holiday Communications Business Management Applications Users Backup Managed IT services Collaboration Saving Money Data Backup Innovation Google Blockchain Hosted Solutions Employer-Employee Relationship Information Business Software Networking VoIp Marketing Hackers Outsourced IT Workplace Tips Cloud Computing Social Media Managed IT Services Business Intelligence VPN BDR Cortana Data Management Computers Remote Monitoring and Management Gmail Tech Terms Save Money Access Control Microsoft Office Connectivity Automation Medical IT Facebook Smartphone Apps Managed IT Service Artificial Intelligence Virtual Assistant Password Cost Management Analytics Bandwidth Managed Service Mobility Wireless Charging Patch Management Remote Computing Computer Compliance Virtualization Backup and Disaster Recovery Downloads Knowledge Office 365 Touchscreen Spyware Cybercrime Tip of the week Proactive IT Help Desk Sports Phishing WannaCry Server Management e-waste G Suite Content Filtering Outlook Big Data Security Cameras Server Data Protection RAM Comparison Edge Virus Safety Threat Settings Hard Drives Trends Telephony Microsoft Office 365 HP Tactics User Tip Business Continuity Data Breach Storage HIPAA disposal Bring Your Own Device Profitability Reporting Word Mobile Security Microsoft Teams Specifications Miscellaneous Antivirus Printing Workers Upgrade IT budget SSD A.I. Voice over IP Document Management Telecommute Sales Dark Web Hard Drive Value Hybrid Cloud Gadgets Amazon Eliminating Downtime Physical Security Millennials Wearables Lead Generation Network Attached Storage Operating System Company Culture Staff Dongle Paper Analysis Certification Battery Movies Authentication Paperless Office Maintenance Technology Tips Tablet Error Processors Cables BYOD eCommerce Laptop Ink Business Technology SaaS Healthcare Managing Stress Conferencing Troubleshooting Twitter Authorization Digital Data loss Router Streaming Media Excel Vulnerability Machine Learning Database Voice over Internet Protocol Plug-In Wireless Internet Online Shopping Government PowerPoint GDPR Data Security Environment Office Update Training IT Management Inventory Unified Communications Spam Websites Internet Explorer Telecommuting Personal Information Regulation Disaster Recovery Alert Printers Quick Tips