Managing Your Hybrid Cloud

July 14, 2017 / G C Network / Comments Off

Twitter Feed

Cloud Computing Price-Performance Could Vary By 1000%!

By G C Network | July 14, 2015

by Kevin L. Jackson Yes, you read that right. The price/performance of your cloud computing infrastructure could vary as much as 1000 percent depending on time and location. High levels of…

E-book: Educate Yourself With Dell Insight Partner Views on Cybersecurity

By G C Network | July 10, 2015

Data security breaches and hacker attacks on private businesses, health organizations and government agencies in the U.S. have grabbed headlines with increasing frequency, it seems. There is zero doubt about…

IEEE Cloud Computing Magazine Focuses On GovCloud

By G C Network | July 7, 2015

Today I am especially proud and honored to publicly announce my appointment to the IEEE Cloud Computing Magazine Editorial Board! I am truly appreciative to Dr. Alan Sill and Dr.…

Is Social Media Right For Your Small Business?

By G C Network | June 30, 2015

Everyone from pre-teens to granddads, does social media today. With Twitter, Instagram, Facebook and many newer ways to stay in the know popping up every day, picking the right platform…

Rob Davies, ViON SVP, Talks about Government Cloud Computing

By G C Network | June 23, 2015

ViON solves complex enterprise problems by combining passion and agility to deliver the most effective, innovative solutions because commitment to mission success is in their DNA. One of the ways…

New Approaches for New Big Data Insights

By G C Network | June 15, 2015

by Melvin Greer Business Intelligence has matured as a core competency necessary to sustain competitive advantage. Organizations of every size and industry are generating valuable data with each interaction, and…

How to Put Public Sector Data Migration Hassles on the Road to Extinction

By G C Network | June 12, 2015

With careful planning and the right technology, Federal, State and Local Government IT Leaders can overcome fears of data migrations, breaking free from archaic procedures to lead the pack By…

Would you build your house from a Visio diagram?

By G C Network | June 8, 2015

Would you even hire an architect that highlighted hand drawn diagrams and spreadsheets as their design tools of choice? Of course you wouldn’t. Not using computing aided design (CAD) as…

Industry leaders set cloud computing security benchmarks

By G C Network | May 28, 2015

Security has long been the No. 1 cloud computing business concern. Although the apprehension is absolutely valid, cloud computing business decision and strategies are all too often driven by the…

The Science and Art of Business Leadership

By G C Network | May 27, 2015

Business leadership is both science and art. The scientific aspects revolve around finance, organization, products and service. Artistic aspects include relationships, market trajectories and business strategies. While many focus on…

« Previous
1
…
15
16
17
18
19
…
73
Next »

Photo credit: Shutterstock

Runaway cloud computing cost may be causing an information technology industry crisis. Expanding requirements, extended transition schedules and misleading marketplace hype have made “Transformation” a dirty word. Questions about how to manage cost variances and deviations with assets and cost across different suppliers abound. A recent Cloud Tech article explained that while public cloud offers considerable cost savings in comparison to private or on-premises based alternatives, there may also be significant hidden costs. Operational features like auto-scaling can cause costs to soar in line with demand for resources, making predicting costs difficult and budgeting even harder. There is also an acute need for a holistic and heterogeneous system that can track the costs of cloud services from the point of consumption (e.g., an application or business unit) down to the resources involved (e.g., storage or compute service).

Sitting at the apex of all of these issues is the CFO or corporate Vice President of Finance. As the key budget manager for most organizations, it is where many of the key financial decisions are made. This is also where the spectrum of IT cost responsibility extends from the pure financial analytics tasks of:

Optimization;
Forecasting and projection; and
Financial reporting

To the pedestrian but crucial accounting tasks like:

Show-backs and charge-backs
Charge reconciliation; and
Budgeting policy management

The most prevalent cause of these financial problems is a failure to keep track of virtual assets in the cloud. Many companies have lost complete visibility and control of cloud computing cost simply because they failed to tag and track these assets. Unfortunately, this error is typically realized after hundreds or even thousands of cloud based assets have been instantiated.

Experts have also outlined a five-step process that help enterprises bring control and governance to hybrid cloud IT cost.

Step 1: Establish governance thresholds and policies for services

Step 2: Access your cloud service provisioning accounts

Step 3: Track the costs of the services, including recurring and usage-based costs

Step 4: Enforce compliance on the costs and asset usage using the purpose built cost analytics engines; initiate and track changes

Step 5: Simulate and optimize the control and compliance actions and better control your costs

Managing spend and assets across hybrid clouds also requires the availability of actionable data. This will help the CFO focus on which assets are performing as expected and which are not. Predictive analytics and insight-based recommendations can also help to drive the prioritization of changes that can have the most effective impact.

These sort of challenges can certainly be acute but the solution for helping organizations gain control of these issues will typically include holistic hybrid cloud management. In fact, financial organizations are just now realizing their critical role in managing the operational expenditure model embraced by cloud computing. Services specifically designed to address the financial management aspects of cloud metering, billing, workload management and service provisioning policies are just now hitting the marketplace.

One of these leading financial management services is provided by IBM. Their newly launched Cost and Asset Management application helps companies address escalating cloud costs and complexity while offering guidance into the next steps of hybrid cloud transformation. Through the use of predictive analytics to monitor and provide recommendations on a single dashboard, this service can provide finance and IT on one system of reference for hybrid cloud governance. This particular service can establish and enforce governance control points using financial and technical policies. Its ability to easily combine asset tags with policies can help the CFO identify and respond to financial variances before they become problems. Through the innovative use of Watson Cognitive services, this particular application can tap into a years of IBM experience to offer recommendations using built-in advanced analytics and cognitive capabilities. Acting on these suggestions can streamline cloud usage, predict future trends and identify waste.

If your company is currently experiencing these digital transformation challenges, learn more about managing hybrid IT finances at ibm.biz/ExploreCloudBrokerage. Establishing a focus on cloud governance, cost and asset management is a truly essential step towards expanding the operational benefits of hybrid cloud.

This post was brought to you by IBM Global Technology Services. For more content like this, visit IT Biz Advisor.

↑ Grab this Headline Animator

Follow me at https://Twitter.com/Kevin_Jackson

Posted in Uncategorized