Can you identify and manage cloud waste efficiently?
Cloud waste has become a major challenge for every organization. With workloads and resources always changing, identifying and eliminating cloud waste is an ongoing battle that requires granular visibility of cloud spend, domain expertise, advanced monitoring capabilities, and a proactive approach to FinOps.
Cloud waste can be divided into four key categories: overprovisioned resources that must be rightsized; idle/unattached resources that must be terminated; on-demand resources that can be purchased using committed-use discounts; and misconfigured resources that must be re-configured.
Organizations must effectively manage all types of cloud resource waste to maximize their returns on cloud investments. However, many organizations still need to significantly improve their cloud waste management capabilities.
Assess your cloud waste management capabilities
Here are some questions to get you started:
- Do you have detailed visibility into your multi-cloud, K8, and SaaS spend?
- Can you automatically identify underutilized, idle, or unattached cloud resources? Can you track cloud waste trends over time?
- How do you evaluate and prioritize usage and rate optimization recommendations?
- Are you able to track the savings impact of implemented recommendations?What about unrealized savings from ignored recommendations?
- Do you continuously evaluate the impact of new releases/updates from cloud providers and communicate their benefits to engineering teams?
- Do you know when commitment utilization declines or deviates from normal? Can you identify unused commitment-based discounts with daily resolution?
- Are stakeholder teams informed early enough about expiring commitments to plan new purchases?