Managing Your Hybrid Cloud

July 14, 2017 / G C Network / Comments Off

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Robert Duffner Interviews Chris Kemp, NASA, and Kevin Jackson, NJVC, on GovCloud

By G C Network | November 7, 2010

Recently, I had the pleasure of being interviewed by Mr. Robert Duffner, director of Product Management for Windows Azure, as part of his “Thought Leaders in the Cloud” series. In this interview,…

NJVC, Invertix Announce Cloud Computing Demonstration at GEOINT 2010

By G C Network | November 2, 2010

VIENNA, Va. — (BUSINESS WIRE) — NJVC®, one of the largest providers of information technology (IT) solutions to the U.S. Department of Defense, and Invertix Corporation, a proven technology company…

On The Frontlines: Cloud Computing in Government

By G C Network | October 27, 2010

Today, Trezza Media Group released the latest installment of it’s “On The Frontlines” series of government technology reports. The “On The Frontlines” Publications are dedicated to showcasing the positive progress…

GSA Awards Eleven US Federal IaaS Contracts

By G C Network | October 20, 2010

According to Federal News Radio, GSA awarded eleven vendor spots in the first Federal cloud infrastructure-as-a-service award. The winners were: * Apptis Inc. partnered with Amazon Web Services* AT&T* Autonomic…

NIST To Hold 2nd Cloud Computing Forum & Workshop

By G C Network | October 15, 2010

On November 4-5, 2010, the National Institute of Standards and Technology (NIST) will hold their second Cloud Computing Forum & Workshop. During this event, NIST will report on the status of federal…

“On The Frontlines” Interview

By G C Network | October 5, 2010

Look out for “On The Frontlines: The Government Cloud” scheduled for release in November 2010! Trezza Media Group provides high-quality thought leadership media and marketing services to help companies connect…

Yongsan Army Garrison Does Cloud Computing!!

By G C Network | September 24, 2010

First Signal is ready for the cloud ! Even with the time constraints of the Chusok holiday and the onslaught of a 100-year flood, the class soldiered on with five…

Army Cloud Computing in Korea!

By G C Network | September 19, 2010

After a long uneventful flight, I’ve arrived at Yongsan Army Garrison in Soeul Korea. After enjoying the economy accomodation on a Boeing 777 for over 14 hours, my room and…

The Taiwan GovCloud

By G C Network | September 11, 2010

Last week, Henry Kenyon of Federal Computer Week reported that the Taiwanese government is planning to spend $744M to develop cloud computing technology. Premier Den-yih Wu sees this as a…

Geospatial Cloud Computing In Support Of National Policy

By G C Network | August 29, 2010

A few weeks ago I once again had the pleasure of participating in a private discussion on cloud computing with Mr. Vivek Kundra. What struck me in this most recent meeting was his views…

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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.