Hey there! Over the last three months, I have analyzed over $100 million of AWS, Azure, and Google Cloud bills. One thing hit me hard in reviewing all these monthly and annual bills: the cost of cloud storage. It’s like a silent budget eater lurking in your monthly bills. But here’s a little secret I’ve learned – optimizing your storage with cloud storage cost-reduction techniques can be your golden ticket to savings. Let me show you how.
Understanding Cloud Storage Costs
Cloud storage costs are sneaky. They often take up a massive chunk of your IT budget, anywhere between 25% to 40%. And it’s not just you – it’s a widespread issue. But why? The answer lies in our approach to managing these costs using effective cloud storage cost optimization techniques.
The Problem of Over-Provisioning
One thing I’ve seen in all of the bills I reviewed is how much storage people are provisioning compared to how much they use. It’s not easy to know how much disc is managed versus how much has just been provisioned, but there are ways for each of the three big cloud providers (AWS, Azure, and GCP). One of the biggest things I notice is that many companies double their storage to avoid downtime. It’s like buying two cars just in case one breaks down. Sounds excessive, right? This over-provisioning means paying for more storage than you need.
The NoDev Approach to Storage Optimization
This is where the magic happens – the NoDev approach. It’s about making storage optimization so simple that you don’t need a squad of developers to manage it. With automation and intelligent algorithms, this approach does the heavy lifting in reducing your cloud costs.
Achieving Immediate ROI with Storage Optimization
Let’s talk about ROI – because who doesn’t like seeing results? Storage optimization isn’t just about cutting costs; it’s about seeing those savings immediately through cloud cost optimization techniques. I’ve seen big and small companies slash their storage costs by 40-50% in the first month alone! This equates to 40%+ savings on storage costs (after paying for our solution).
Steps to Implement Storage Optimization
So, how do you jump on this cost-saving train? First, we conduct a simple analysis of your storage usage. Essentially, we grab a report to look at critical statistics (a 5-minute task for one of your admins). A few days later, the MetrixData 360 team will return with a report showing how much our storage optimization solution can save you. If there is an ROI and you want to move forward, we run a Proof of Value on a couple of dev workloads to show you how the solution works and allow you to work through any scenarios you want to ensure work for you. During the POV, our team will work with you to build a business case to purchase. We move to deployment after successfully concluding the POV and a proven ROI. Then, monitor and adjust. Keep a close eye on your storage needs and adapt as necessary. The best part is turning on the solution and seeing the savings that day!
Real-World Success Stories
When we analyzed one of our clients’ Azure storage costs, we noticed they were at 9.9% disc utilization and spending $353,000 a year on storage. Their storage costs were not just static either. They had been growing every month. MetrixData 360 analyzed this and reviewed what our Storage Optimization solution could achieve. After a quick POC and full implementation, storage utilization improved to 75%, and annual storage spending was reduced to $141,000. Oh, did I mention the $141,000 included in the costs of the solution?
The best part for this client is that storage increased every month, so the baseline of how much storage they are growing on is now lower. They will save between $1.0 and $1.2 million over the next 5-years!
Conclusion
Cloud storage costs don’t have to be the black hole in your IT budget. With some savvy optimization, you can turn the tables on these expenses. Employing effective cloud storage cost reduction techniques is about being intelligent, proactive, and sometimes, a little bold in your strategies.
