Updated: Apr 15, 2021
Over provisioning is a major contributor to wasted cloud spend. In fact, reserving instances can reduce your cloud spend by circa 30%.
Inability to identify whether the workload is either transient or perpetual generally means administrators are too slow in buying reserved instances.
A reserved instance is a Cloud vendors way of lowering the cost of infrastructure in exchange for an annual commitment. Failure to optimise the balance between reserved and transient instances is wasting money.
So why aren't more people buying reserved instances?
The problem is that working out what type of reserved instance to buy, and when to buy it can sometimes be daunting. As there are many variables involved in choosing the right reserved instance, and an inability to decipher the monthly invoice, many organisations defer the decision in fear of making the wrong choice.
Industry studies suggest that circa 35% of cloud spend is wasted (in our experience this figure is closer to 45%) and failing to purchase reserved instances is another big contributor to wasted spend.
This is where Analytics and Consolidated Invoicing come in.
Our multi-cloud discovery will provide visibility of all cloud instances, this will rapidly start to provide guidance on whether to resize machines and/or to move to reserved instances. The associated cost savings are detailed prior to execution so you can make an informed decision.
This process is non-intrusive and can be used to gain a ‘point in time’ snapshot of your multi-cloud estate irrespective of whether you execute on none, some or all of the offered optimisations.