Managing Your Hybrid Cloud

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

Thank You GetVoIP!!

By G C Network | April 25, 2014

Thank you for the honor of being named a “Top 100 Cloud Professionals to Follow on G+”! Congratulations also to my 99 colleagues.  Read more at: ↑ Grab this Headline…

Facilitators Announced For NGA Agile Cloud Brainstorming Event

By G C Network | April 14, 2014

The Information Technology Acquisition Advisory Council (ITAAC) and the Telecommunications Industry Association (TIA) are announcing a slate of innovative leaders to serve as facilitators for the upcoming  “Agile Sourcing Environment…

MBO Partners Spotlights GovCloud Founder Kevin L. Jackson

By G C Network | April 6, 2014

Associate Spotlight Interview with Kevin L. JacksonMBO Associate Since 10/2013 1)    Tell us a little bit about what you do.I am the CEO and founder of GovCloud Network, LLC. In…

ITAAC/ICH and TIA To Host Commercial Cloud Sourcing Brainstorming Session for NGA

By G C Network | April 1, 2014

The Information Technology Acquisition Advisory Council (ITAAC) and Telecommunications Industry Association (TIA) are honored to team with NGA in hosting the first “Agile Sourcing Environment for Commercial Cloud” brainstorming session,…

Author and Tech Strategist Melvin Greer Profiled by WashingtonExec

By G C Network | March 17, 2014

Congratulations to my NCOIC colleague and dear friend Melvin Greer on his impressive WashingtonExec interview. A senior fellow and chief strategist at Lockheed Martin, Mel has more than 29 years’…

IT Risk Management Summit – March 26, 2013 – Reston, VA

By G C Network | March 12, 2014

In response to growing demand for formal software risk and quality management tools, the nations’ most respected standards bodies and IT communities of practice have joined forces to advance the…

PerspecSys Survey Reveals Cloud-based Security Concerns for 2014

By G C Network | March 10, 2014

Today PerspecSys announced the results of a survey conducted at the 2014 RSA Conference concerning the attitudes and policies of organizations towards cloud-based security. After polling 130 security professionals on…

NCOIC Debuts Roadmap for Designing, Managing Cyber-secure Hybrid Computing Environment

By G C Network | March 5, 2014

Open process by the Network Centric Operations Industry Consortium uses cloud infrastructure to cut computing costs in half and enable collaboration by different systems and users WASHINGTON—March 5, 2014—The Network…

Why State & Local Governments Should be Prepared for Cloud

By G C Network | February 17, 2014

You are invited to attend the Cloud Webinar Series: Why State & Local Governments Should be Prepared for Cloud. This educational webinar is brought to you by RISC Networks, and…

IBM Hybrid Cloud Debate: Experts debate: Are Hybrid Clouds the End All Be All?

By G C Network | February 12, 2014

A hybrid cloud may become the solution as the debate between public vs private cloud becomes so 2013. The industry’s experts will debate on when the hybrid clouds are and…

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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.

 

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