Implementing Cost Optimization

Organizations migrate to the cloud for various reasons, such as scalability, elasticity, agility, global presence, and so on. In addition to these reasons, there is one more factor that accelerates the rate of cloud adoption, and that is cost savings. Business stakeholders are more likely to be interested in understanding the potential return on investment (ROI) rather than the technical jargon associated with the technology. From the business point of view, they need to lower the capital expenditure and total cost of ownership (TCO). Organizations perform TCO and ROI analysis before they embrace the cloud journey.

We know that in the cloud, we have the pay-as-you-go model. By adopting this model, organizations do not need to invest money in buying or procuring hardware; they will be charged based on consumption. If there is a need to scale the environment, we can leverage the agility and scalability of the cloud without needing to buy hardware. We...