Managing Your Hybrid Cloud

July 14, 2017 / G C Network / Comments Off

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Lynn DeCourcey Showcased in ExecutiveBiz

By G C Network | August 9, 2012

Kudos to my colleague Lynn DeCourcey for her recent interview on ExecutiveBiz.com! Lynn is NJVC vice president and general manager, cyber security. She oversees all aspects of the company’s cyber…

BISNOW Data Center Event Highlight’s Cloud

By G C Network | July 28, 2012

A big thank you to BISNOW and my fellow panel members for an outstanding discussion and very informative event, last week’s Data Center Investment Conference and Expo. The federal marketplace…

GSA Seeks Cloud Brokerage Information

By G C Network | July 18, 2012

GSA is using the RFI process to collect information about alternative models and/or solutions for future cloud acquisition vehicles and processes that further these goals. One emerging concept in cloud…

DoD Cloud Computing Strategy

By G C Network | July 15, 2012

The DoD recently released the department’s formal cloud computing strategy. DoD Cloud Computing Strategy View more documents from Kevin Jackson. In the forward, DoD CIO Teresa Takai said that: “The…

FedRAMP PMO Releases First Set of 3PAOs

By G C Network | May 14, 2012

Late today the FedRAMP Program Management Office released the first list of certified Third Party Assessment Organizations (3PAOs). These companies are accredited to perform initial and periodic assessment of cloud…

FedRAMP Releases Updated Security Assessment Plan Templates

By G C Network | May 8, 2012

Last week the GSA FedRAMP Program Office released the latest version of the cloud computing Security Assessment Plan (SAR) template. This document is the most recent step toward the Federal…

NJVC® and Gravitant® Announce New Strategic Alliance: Partnership to Benefit Federal Agencies with Powerful Provision and Management of Cloud Services that Unify Multiple Providers

By G C Network | April 4, 2012

Vienna, Va., April 4, 2012 — NJVC®, one of the largest information technology solutions providers supporting the U.S. Department of Defense, and Gravitant®, a provider of cloud brokerage and management…

NJVC® VP and GM, Cloud Services, Kevin L. Jackson to Speak on Cloud Security at 2012 Emerging Threats and Cyber Defense Symposium

By G C Network | March 18, 2012

Vienna, Va., March 15, 2012 — NJVC®, one of the largest information technology solutions (IT) providers supporting the U.S. Department of Defense, is pleased to announce that Kevin L. Jackson,…

NJVC’s Kevin L. Jackson Co-Authors INSA White Paper on Cloud Computing for the Intelligence Community

By G C Network | March 13, 2012

Findings Reflect Insight from More than 50 Cloud Thought Leaders VIENNA, Va.–(BUSINESS WIRE)–NJVC®, one of the largest information technology solutions (IT) providers supporting the U.S. Department of Defense, announces…

INSA Study on Cloud Computing in the Intelligence Community: Rollout 13 March 2012 | SYS-CON MEDIA

By G C Network | March 10, 2012

(Originally posted by Bob Gourley at CTOvision) Over the last year I’ve had the pleasure of serving with a team of volunteers from the Intelligence and National Security Alliance…

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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.