Cost Management in Cloud Computing

Authors

  • Aparna R. Hawaldar Assistant Professor, Institute of Management, CHRIST Main Campus, Bangalore

DOI:

https://doi.org/10.33516/maj.v54i9.44-47p

Keywords:

No Keywords.

Abstract

Historically, computing costs were tied to a quarterly or yearly hardware procurement investment. In a traditional on-premises world, cost management involves refresh cycles, data center acquisitions, host renewals, and recurring maintenance issues. One of the main reasons for the companies to migrate to the cloud is cost savings. However, managing cloud costs is becoming a huge challenge for organizations, one of the reasons being the huge investment made on public cloud services. Success depends more on the maturity of cloud management and governance practices than the nature of the workload. The paper attempts to understand the various aspects cloud cost management and governance.

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Published

2019-09-30

How to Cite

Hawaldar, A. R. (2019). Cost Management in Cloud Computing. The Management Accountant Journal, 54(9), 44–47. https://doi.org/10.33516/maj.v54i9.44-47p

Issue

Section

Cover Story

References

State of the Cloud Report, Right Scale 2017.

Managing and Understanding On-Premises and Cloud Spend Report, Software ONE 2018.

How to Identify Solutions for Managing Costs in Public Cloud IaaS, Gartner report 2018.

https://docs.microsoft.com/en-us/azure/architecture/cloud-adoption/governance/cost-management/business-risks

https://www.botmetric.com/blog/todays-cfos-guide-perfected-cloud-cost-management/

https://lumecloud.com/why-it-is-important-to-understand-cloud-governance/

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