With cloud utility management, you can manage and optimize your cloud computing resources. This helps reduce your cloud costs and eliminates the initial hardware investment and ongoing maintenance and energy expenses. It also empowers you to scale as needed. This way, you can focus on your core business and meet your financial objectives.
Cloud computing is a consumption-based model in which you pay for the cloud services that your organization uses based on actual usage. This is different from traditional infrastructure-based IT, where you typically have to commit to a set of hardware and software for a fixed period of time. This makes utility computing more affordable and flexible than ever before.
The key to successful cloud utility management is visibility. Without it, you will not be able to identify unused cloud services and optimize your costs. To ensure visibility, deploy a monitoring solution that includes a configuration management database and a set of tools for analyzing and reporting on tagged cloud assets. This provides a full picture of your computing environment and gives you granular visibility into cloud consumption. With this information, you can eliminate underutilization thresholds and rightsize your cloud usage.
You should also consider a utility management tool that automatically updates itself to incorporate new functionality. This way, your solutions provider can deliver software improvements that improve application performance and reduce costs without requiring an upgrade or additional licenses. This is an important capability to support your utility’s agile business operations and meet regulatory requirements for customer service. cloud utility management