Public cloud is the future for businesses, but they need to be careful that their spending does not spiral out of control, according to cloud solution provider Virtasant.
Virtasant – an exhibitor at CLOUD CITY – offers a cloud cost optimization tool that it claims can help enterprises lower cloud spend automatically by more than 50%. Cloud cost optimization was built for Amazon Web Services (AWS), but Virtasant is now adding Google Cloud Platform (GCP) support into its portfolio, it announced at CLOUD CITY this week.
This solution allows organizations to optimize their cloud spend in GCP to drive even more value from the public cloud, or to understand spend and cloud efficiency across cloud platforms, the company explained.
“The public cloud can provide an unmatched capability, flexibility, and value. However, realizing its full potential is not guaranteed,” warns Michael Kearns, founder and CEO of Virtasant. “Spend can quickly get out of control, and with our unique, fully automated cloud optimization platform, organizations can be confident that they are engaging the public cloud’s full potential across multiple cloud platforms.”
Keep cloud spending in check
Late last year Gartner predicted that end-user spending on public cloud services worldwide will grow by 18.4% this year to $304.9 billion. While overall growth figures do not in themselves prove an increase in spend by individual companies, the analyst firm also shared recent survey data to that showed close to 70% of organizations already using cloud services planned to increase their cloud spending in the wake of the Covid-19 pandemic and the related changes in business practices.
It is timely, then, for companies to consider measures to keep their costs in check.
Indeed, as Virtasant pointed out in a recent blog post, many businesses do not consider cost optimization when they start to migrate to the cloud because they tend to assume that the cloud will simply be the less expensive option. Most organizations soon realize though that the same things that make the public cloud compelling – flexibility, speed, apparently endless capabilities and so forth – also make it more expensive than their old hosting options, and that traditional methods of managing infrastructure spend in the physical world do not translate to the cloud. “The result is an unexpected and increasingly heavy bill,” Virtasant said.
But the company’s optimization tools can help them mitigate this bill shock without compromising on the benefits the cloud brings. The new solution “will allow organizations with large GCP footprints to take control of their cloud spend automatically,” Virtasant says.
That can give companies making the move to public cloud the confidence that they are managing their financial objectives.