💸 Tired of sky-high cloud bills? Uncover the secrets to slashing your costs by a whopping 92% with three simple methods:
• Right-Sizing
• Stopping Servers
• Committed Use Discount
🚀 Right Sizing:
When using physical servers, you usually allocate enough headroom for the expected demand.
With the cloud, you can scale based on actual demand.
This allows you to choose a machine size that matches your requirements, resulting in an average savings of 30-50%.
⏲️ Stopping the Servers:
Virtual machines in the cloud don't need to run 24/7.
This allows you to stop them when they're not in use and restart them when needed.
You only pay for the time spent running, leading to a reduction of about 76% for an 8/5 schedule.
💰 Committed Use Discount:
You can commit to a specific usage level and receive a substantial discount on your hourly rate.
You can save up to 46% with Google Cloud by committing to usage.
This is an excellent option for production loads that have consistent requirements.
📈 Example:
$10k/month system
• Use right-sizing, save 40% ($6k).
• Stop servers during off-hours, save 76% ($1.44k).
• Commit to usage, save 46% ($778).
• New monthly cost: $778, a 92% reduction!
🔍 Summary:
Here are the methods we covered to reduce your cloud bill:
• Right Sizing: Reducing the base cost of your virtual machines
• Stopping Servers: Reducing the number of billable hours
• Committed Use Discount: Reducing the cost per billable hour
Beyond cost savings, the cloud offers many other benefits, such as faster innovation and increased productivity.
If you want to learn more about navigating the cloud and overcoming #CloudConfusion, follow me for daily insights and tips into cloud computing
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