Seasoned business professionals know that success in business is determined by your bottom line. In recent history, optimizing financial performance can be attributed to a number of things, but none more impactful than innovation in tech. And one of the most prominent IT innovations impacting enterprise balance sheets across the globe has been cloud computing.
Demand for data center services has increased exponentially in the last decade. Cloud gives you the freedom to provision on-demand IT resources and rapidly scale them to meet dynamic needs. This flexibility has ushered in OPEX consumption models, hybrid infrastructures, and less upfront investment for customers. Not to mention the mobile device proliferation we’ve grown to accustomed to, leveraging cloud resources and manifesting BYOD for organizations of all sizes.
However, over-provisioning cloud resources takes a toll on cloud spend when organizations begin to architect systems with a huge number of resources. This may only be required if there is a spike in demand and will remain underutilized during normal workloads. The development, testing, and configuration of cloud applications can lead to some very real financial consequences if not executed correctly. If you are an IT manager or cloud architect, it’s likely you’ve encountered one of the following scenarios:
- Your Dev team forgot to turn off compute instances that they are no longer using
- You’re using pay-as-you-go instances and not effectively utilizing the option to reserve instances that will be used for a long period of time
- You have no idea who spun up what, but you are still paying at the end of the month
- You budgeted a certain amount for a new project but turns out you need more cloud resources for it. Your engineering team decides to go ahead with over-provisioning without adequate checks and balances in place
Industry leading analysts predict that organizations without a robust cost optimization strategy could end up overpaying by as much as 40%. There are several opportunities to reduce costs within your cloud infrastructure, many of which involve automation.
Beam is a multi-cloud cost optimization service that drives significant cloud cost savings. Beam provides organizations with deep visibility and rich analytics detailing cloud consumption patterns. Beam proactively identifies idle and underutilized resources, and delivers specific recommendations to right-size infrastructure services along with one-click fixes for cost optimization.
Beam’s reserved instance purchase recommendations help to drive deep cost savings. You can also compare cloud vendors and select the right cloud for each application, helping you avoid vendor lock-in and ensure optimal consumption of your cloud resources. By leveraging Beam, budget plans are automatically generated based on predictive models that utilize historical spend data. You can configure cost-centers and budgets for multiple departments, and set alerts to enforce policies based on allocated budgets. With Beam you gain complete visibility, optimization and control over your cloud consumption to ensure cost governance across public and private cloud environments.
To help you get acquainted with the solution, we’ve developed an interactive workshop. The Cloud Cost Optimization as a Service Workshop provides you with a hands-on opportunity to evaluate Nutanix Beam with your Nutanix Enterprise Cloud, AWS and/or Azure cloud(s), guided by experienced Nutanix consultants. With this workshop, you can rapidly gain experience in this powerful new product from Nutanix and accelerate realizing freedom to cloud with confidence, control, convenience and security.
Here is Paul Harb, Sr. Director of Professional Services at Nutanix, to give you an overview of the service.