5) Cost Optimization

  • Ability to run systems to deliver business value at the lowest price point.

Design Principles:

  • Implement Cloud Financial Management: Dedicate time and resources to build capability in this new domain of technology and usage management.

  • Adopt a consumption model: "Pay as you go" mentality - Pay only for the computing resources that you require.

  • Measure overall efficiency: Measure how much of the resources are you using, are you using them efficiently?

  • Stop spending money on undifferentiated heavy lifting: Allows you to focus on your customers and business projects rather than on IT infrastructure.

  • Analyse and attribute expenditure: Identify the usage and cost of systems, which then allows transparent attribution of IT costs to individual workload owners.

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