4 Cost Control Strategies Conducive to Efficient Spending

4 Cost Control Strategies Conducive to Efficient Spending

An increasing number of businesses are making the jump to cloud-based networking solutions, but what many of them don’t anticipate is the “sticker shock” sensation accompanying some costs. At least, that’s what will happen if you haven’t optimized your processes to address spending. With this technology having increased in popularity over the past few years, even multi-cloud deployments are becoming quite common. With new innovations comes a need to understand how they work in order to address cost-related concerns.

With so many companies overspending when it comes to their cloud budgets, let’s go over some cost control strategies that are conducive to your goal of reducing operating costs while maximizing growth potential.

Asset Management

Cloud spend is often stemming from end-user departments, largely due to the fact that these services are quick and easy to set up with fewer IT-related hoops to jump through. However, that selling point becomes an Achilles’ heel of sorts if company-wide budgets struggle with the expense. Implementing an IT asset management system is one way to get around this, detecting when new services are active. This is made possible through Zycom and partners such as Darktrace, offering 100-percent visibility in addition to unprecedented cybersecurity. Having no more hidden costs means no more unexpected spend. 

Minimizing Idle Resources

A common directive when implementing cloud is to only upload data that you need to be accessed and handled by the service. However, many companies still veer towards packages that offer the maximum compute load rather than what they’ll actually use – it’s similar to purchasing a new smartphone and opting for the costliest, highest-capacity storage variant possible, “just in case.” You may only really need a fraction of that amount, which could lead to lower costs if you go with a lower-tier plan. Reuse your idle infrastructure and work towards cutting down on the amount of performance you pay for, but don’t fully utilize.
The Right Tools for the Job

There are multiple highly effective software solutions that can help to manage not only your network efficiency but also the costs associated with running it. They incorporate innovative, feature-rich toolsets that enable you to cut down on resource sprawl. There are also many services available that can help; Zycom’s IT health checks are one such example, performing best-practice analysis to address a cost-effective migration of workloads to the cloud. Above all else, you want tools that enable for thorough network assessments so you can keep a close eye on where spend is being allocated towards. You may also be interested in Nutanix’s Xi Beam or Virtual Instruments’ VirtualWisdom, both offering multi-cloud environments ensuring secure deployment and automation, leading to lower IT spend. 

Proactive Rightsizing

Growth forecasting is essential to balancing spend and innovation, contributing to growth and justification for switching to cloud in the first place. If you’re fully aware of the infrastructure needed over the course of the next year or two, use that data to your advantage and enact a little rightsizing. As the expression goes, slow and steady wins the race – except there’s no real race. You’re at no risk for gradually performing a cloud integration rather than going all-in – literally, in terms of spend. See how the new network is addressing the team’s needs and collaborate to determine whether sticking with the current pricing model is justified. You can always upgrade to a different plan a few years down the line if need be; by then, your company will be more accustomed to how cloud connectivity benefits everyday operations.  

Combined with reputable SaaS and WaaS services, Zycom is also proud to offer cloud migration services. With our assistance, you can reduce costs associated with migrating and managing cloud workloads through automation and impeccable support. To learn more, reach out to us today.

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