The adoption of cloud technology has been on the rise and for good reason - businesses streamline their operations, improve their agility, and reduce costs. However, with the increasing complexity of cloud environments, managing costs has become increasingly important.
This is where cloud cost management comes into play. It refers to the processes and tools used to control, monitor, and optimize the costs associated with cloud usage. With effective cloud cost management, you can maximize the value of cloud investments and achieve the desired outcomes.
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Investing wisely in your assets and infrastructure is key to a higher return on investment. However, to really understand which infrastructure is most cost-effective for your business, you need to perform meaningful cost comparisons.
Cloud Total Cost of Ownership, or TCO for short, is a metric that defines and assesses how effective the cloud is for you by adding up all the costs associated with the purchase, operation, and maintenance of your cloud components.
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Whether you are a new business or an existing company, achieving business growth now depends on improving system reliability, supporting hybrid work models, modernising work environments, staying secure and adapting to changing market requirements.
Moving to a cloud infrastructure can help achieve these benefits with a single move. Indeed, in most industries, companies now acknowledge the storage, accessibility and flexibility benefits of moving to the cloud. Gartner forecasts that this demand will continue to grow, with end-user spending on public cloud services estimated to grow 21.7% in 2022 to reach aggregate volumes of $482 billion from $396 billion last year. In fact, by 2026, Gartner also predicts that cloud spending will exceed 45% of all enterprise IT spending.
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Businesses around the world are being wooed by hyperscalers and cloud vendors of all kinds. But not all cloud services are equal. Unfortunately, customers often have to wade through the (significant) marketing claims to formulate an accurate “apples to apples” comparison.
The research team at BIOS Middle East, the GCC's local cloud provider has created a whitepaper where you can see the key differences between its managed cloud and Hyperscalers.
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Moving to the cloud can deliver strategic advantages in terms of cost and risk reduction while strengthening disaster recovery and delivering scalability in an uncertain business environment. But while the benefits of cloud adoption are inarguable, doing so at the right time is crucial to business success.
3 occasions to embrace the cloud
Internal BIOS data shows that companies gain the most value when they make the transition to the cloud at specific moments during the business lifecycle. Some of these include:
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As we turn the chapter on another year, cloud will continue to support the business world’s transition towards the new normal. Gartner expects global spending on cloud services to reach over $482 billion in 2022, up from $313 billion this year.
For us at BIOS Middle East, the moment is a cause for celebration. We have completed 20 years in the region. It also marks eight years since we brought the concept of managed cloud to the GCC, by launching CloudHPT in 2013.
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More companies are tapping into the cloud as hybrid working models continue to shape our operating environment. But as business uncertainty continues, CIOs are often being pressed to make cloud purchasing decisions based on price alone.
But we’ll share a secret with you today.
Cloud computing isn’t about price.
Or as we like to say here at BIOS, pay peanuts, get rain clouds.
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UAE Based Pure Health, the GCC’s largest laboratory network has signed an agreement with BIOS Middle East, the region’s leading cloud and managed service provider for hosting Pure Health’s core Laboratory Information System (LIS) on CloudHPT, a fully owned and managed cloud by BIOS. In keeping with the urgency to meet the requirements, BIOS delivered over 20 servers in under two days to Pure Health for application installation and testing. Besides, BIOS Middle East is also entrusted to provide complete managed services for the servers, networking, storage security and backups to ensure that Pure Health can focus on their LIS application.
Pic (L to R): Dominic Docherty, Managing Director, BIOSME and Adnan Asif, Chief Technology Officer, Pure Health
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A fully managed and secure cloud comes with a lot of advantages for the working reality COVID-19 has brought.
- For a start it removes the IT Infrastructure away from the office and removes the risks associated with it.
- It provides for infinitely more scalable remote working.
- It allows customers to quickly spin up new services as they try new avenues to market such as eCommerce.
- It makes adding Disaster Recovery extremely easy.
- Since security is built in; risks to the business from a cyber-attack reduce enormously.
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