Hybrid Cloud Cost Considerations
5 Cost Considerations for Your Hybrid Cloud Strategy
As you begin to consider how a hybrid cloud strategy may allow you to achieve your IT objectives and business goals, one of the first questions you might ask is, “How much will it cost?” While hardware may have a relatively limited set of features and relatively fixed price, the flexibility that a hybrid cloud brings to your business means that it also brings an array of complex cost considerations.
Here are 5 cost considerations you’ll want to discuss as you begin planning your new hybrid cloud environment.
Cost to Store Data: When you migrate all or part of your infrastructure from your on-premises environment to the hybrid cloud, your cost calculations change. Instead of purchasing hardware to meet your need at peak levels, the cloud enables you to only pay for what you use. You can find the optimal option for storing your data with each of your cloud service providers.
Cost to Retrieve Data: With your data in multiple locations, you need to consider both the cost of storing and maintaining it as well as the cost to retrieve your data. How many transactions will you need to pull back data on? What will it cost to retrieve data stored in the major public cloud compared to the cost to retrieve data stored with IPR? As you consider your hybrid cloud costs, consider the overall efficiency of your IT environment, how frequently you’ll retrieve your data, and the cost considerations of storing it in multiple locations.
Cost of DR Strategy: Every business has its own unique security and recovery needs, and the strategy that you choose will play a role in determining your ongoing costs. You might want instantaneous failover to run all of your systems at two more locations. Alternatively, you may determine that it may be more efficient to break down your individual server and machines to see which security products are necessary for tier one applications, which are necessary for tier two applications, and so on.
Cost of OPEX/CAPEX MODEL: One of the most significant benefits of choosing to migrate a portion of your infrastructure to the cloud is that you can shift your cloud costs from a capex model to an opex model. Not only will this reduce the need for an expensive upfront capital investment in hardware but you can also reduce the need to invest in hardware in the future. When your infrastructure is in the hybrid cloud, your cloud service provider will manage its ongoing maintenance from introduction through end of life—and you won’t have to worry about replacing your own hardware as it reaches the end of its lifespan.
One Final Hidden Cost: The Cost of Low Visibility
Cloud services providers offer an array of pricing options that allow you to maximize performance without overpaying for what you don’t need. Businesses that see regular peaks at certain times, on certain days, or during seasonal business cycles can pay for additional capacity only when it’s needed. But at the same time, there are millions of possible cloud configurations. Cloud offerings and your business needs are changing constantly. And if you don’t have a constant, deep visibility into your environment, your business needs, and cloud options, your hybrid cloud strategy may still result in surprise bills.
But with strategic cost analytics from IPR, you can find the most optimal place to store your resources on AWS, IPR, or your own hardware. You can get the insight you need to know whether your costs are optimized for efficiency—or if you should make a change.