Managing Your Hybrid Cloud

July 14, 2017 / G C Network / Comments Off on Managing Your Hybrid Cloud

Cloud Services Brokerage: Adding Trust and Oversight to Complex Cloud Deals

By G C Network | September 15, 2014

According to the Gartner IT Glossary, “Cloud services brokerage (CSB) is an IT role and business model in which a company or other entity adds value to one or more…

Learn Hadoop and Big Data in 7 Minute Flat!

By G C Network | September 13, 2014

How do I install Hadoop, and on what platforms? What are the differences between versions of Hadoop? How do I Extract, Transform and Load in Hadoop? The answers to these…

Tech Equity & GovCloud Network Team For Cloud Education

By G C Network | August 25, 2014

GovCloud Network is proud to announce that we have teamed with Tech Equity Ltd to deliver cloud education and training on a global basis. With this partnership, GovCloud Network will…

National Cybersecurity = Cloud Computing Security

By G C Network | August 13, 2014

A recent article Inc.com article claimed that the percentage of U.S. small businesses using cloud computing is expected to more than double during the next six years, from 37 percent…

Vets 360 Sponsoring Service Members To Attend Gartner Catalyst Conference

By G C Network | August 5, 2014

Veterans 360 will be attending the Gartner Catalyst Conference. They are also sponsoring the attendance of active duty service members that are currently in the US military and serving in…

ERPGovCloud: Your Path to DCAA Compliance

By G C Network | July 28, 2014

So you won your first Government Contract… Congratulations!  Among the new issues you will need to consider, your accounting systems, both practices and technology, will need to pass muster with…

GovCloud Media Network Feature: Army IT Playlist

By G C Network | July 17, 2014

The GovCloud Media Network features agency specific video playlist for registered members. Please enjoy this feature on the Army IT. Please visit the new GovCloud Network Media Library for more…

Security & Defense People Launches – Use “GovCloud” for 50% Discount

By G C Network | June 28, 2014

This is quite an unusual post for me but I would like to congratulate GovCloud Network partner SDP Networks on their launch of the Security & Defense People website! Security…

The Cloud Credential Council releases Executive FedRAMP certification course with leading government cloud expert Kevin L. Jackson.

By G C Network | June 23, 2014

Palo Alto, USA – June 23rd, 2014 – Addressing the global cloud skills gap is the number one priority to help accelerate the successful adoption of Cloud, according to the Cloud…

Learning Tree’s Expert Cloud Instructor Kevin Jackson Announces Multiple Speaking Engagements

By G C Network | June 22, 2014

(Reposted from LearningTree’s “Perspectives on Cloud Computing” at https://cloud-computing.learningtree.com/2014/06/12/expert-learning-tree-cloud-instructor-kevin-jackson-announces-multiple-speaking-engagements ) Kevin Jackson, a certified Learning Tree cloud computing instructor and Learning Tree Cloud Computing Curriculum Initiative Manager, is set to…

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.

 

Cloud Musings

( Thank you. If you enjoyed this article, get free updates by email or RSS – © Copyright Kevin L. Jackson 2016)

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

G C Network

Cloud Computing

Cybersecurity