CIOReview | | 19 OCTOBER 2022Even prior to the pandemic, many companies have been adopting modern, cloud-based data platforms to expedite data initiatives, improve data scientist productivity, and to reduce time to market. In the last 18 months, the pandemic has forced organizations to suddenly embrace a remote workforce; consequently, this has spurred an unprecedented wave of cloud application deployments. While organizations surely enjoy the benefits of greater data platform capacity, better scalability, and improved agility, these same organizations are likely also shocked by the skyrocketing cloud costs. Coupled with the challenges of integrating rapidly evolving cloud data technologies such as storage, Database & Data Warehouse system, and real-time streaming, the higher cost only exacerbates the challenge and underscores the need to effectively optimize expenses to realize business benefits. Undoubtedly, every organization will have different demands and allotted budgets for data and cloud platforms, but here are 5 tips that can get you started:1. Identify and remove unused resources:Any enterprise cloud data platform is likely to consist of a variety of applications and services, ranging from virtual machine to data warehousing to streaming. Especially after projects are completed, it is common to see organizations forget to remove/reprovision computing and/or storage resources. In other cases, there are proliferated versions of services like virtual machines and database systems being deployed with specific options and use cases. This hinders organizations from effectively managing and applying reserved instance discounts. In addition to identifying idle resources, another best SOARING CLOUD COSTS?FIVE IDEAS FOR EFFECTIVE DATA PLATFORM COST MANAGEMENTBy Sean Xu, Vice President, Information Management, MGM Resorts InternationalSean XuCXO INSIGHTS
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