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    Economics of Choosing A Cloud Platform For An Organization

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    Lagaya2058
    This document discusses the economics of choosing a cloud platform for an organization. It discusses how cloud computing can save money by increasing computing power while lowering energy consumption and costs compared to traditional enterprise data centers. It also addresses questions around migration costs, which tasks to migrate to the cloud, whether to use public or private cloud, and how to budget for short-term costs during a transition. Key factors in cloud economics include metrics like customer load and duty cycles. Proper economic planning and deployment models can significantly save costs while improving services and reliability.

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    © All Rights Reserved
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    Economics of Choosing A Cloud Platform For An Organization

    Uploaded by

    Lagaya2058
    240 views10 pages
    This document discusses the economics of choosing a cloud platform for an organization. It discusses how cloud computing can save money by increasing computing power while lowering energy consumption and costs compared to traditional enterprise data centers. It also addresses questions around migration costs, which tasks to migrate to the cloud, whether to use public or private cloud, and how to budget for short-term costs during a transition. Key factors in cloud economics include metrics like customer load and duty cycles. Proper economic planning and deployment models can significantly save costs while improving services and reliability.

    Original Description:

    Economics of choosing a cloud platform for web based applications and organisations

    Original Title

    Economics of choosing a cloud platform for an organization

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    This document discusses the economics of choosing a cloud platform for an organization. It discusses how cloud computing can save money by increasing computing power while lowering energy consumption and costs compared to traditional enterprise data centers. It also addresses questions around migration costs, which tasks to migrate to the cloud, whether to use public or private cloud, and how to budget for short-term costs during a transition. Key factors in cloud economics include metrics like customer load and duty cycles. Proper economic planning and deployment models can significantly save costs while improving services and reliability.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    240 views10 pages

    Economics of Choosing A Cloud Platform For An Organization

    Uploaded by

    Lagaya2058
    This document discusses the economics of choosing a cloud platform for an organization. It discusses how cloud computing can save money by increasing computing power while lowering energy consumption and costs compared to traditional enterprise data centers. It also addresses questions around migration costs, which tasks to migrate to the cloud, whether to use public or private cloud, and how to budget for short-term costs during a transition. Key factors in cloud economics include metrics like customer load and duty cycles. Proper economic planning and deployment models can significantly save costs while improving services and reliability.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    Economics of choosing a cloud

    platform for an organization

    - Ajinkya Panday,
    - Vivek Prasad,
    - Nikhun Jena.
    How does Cloud saves money ?

    Like food & logging, computing has also become the daily need,
    especially for economic forces, business drivers and firms, enterprises &
    companies. In the olden days, it is said that - economy is directly related
    to energy. Similarly, a person's growth or the development of an
    organization depends on what its owner feeds and in what way. The
    world of technology nowadays thinks about the increase in computing
    power with lower energy or resource or financial consumption.
    Economic Planning for Organizations

    For IT firms and their management department, energy consumption is not a


    small issue. Along with energy, maintenance of data-centers based on
    enterprise budget is also a prime factor that needs planning. So IT managers
    are looking for ways to increase the capacity and flexibility of computing and
    hardware thereby lowering costs and increasing their return on assets
    (ROA). Within the last few years, the trend of technology shifted from
    traditional enterprise data centers to management via server virtualization
    which allows faster & efficient deployment of processing without increasing
    the data center's size, staff overhead or energy consumption.
    Economic Planning for Organizations (Contd..)

    With the maturity of cloud, the cost and economic factors relevant to
    cloud technology including architecture trades, the technique of
    implementation, life-cycle cost, service cost, etc. have striking
    implications for government as well as in firms. Cloud Computing has
    emerged as a new computing paradigm, and it's bringing a change in the
    same manner as cost and economic evaluations for IT. IT environments
    have evolved a high degree of sophistication for cost estimating
    methodologies in recent years.
    Dependencies & Questionnaires of Cloud Economy

    Cloud computing economics depends on four customer population metrics:


    1. Number of Unique Customer Sets
    2. Customer Set Duty Cycles
    3. Relative Duty Cycle Displacement
    4. Customer Set Load

    These above metrics allow the cloud-providers to use less IT resources and obtain maximum IT
    resource. Proper balancing & handling of these above resources can save up to 30% of the IT
    resources. For economic planning, Booz Allen Hamilton, a leading strategy, and technology
    consulting firm, has a clear understanding of and models for effective Cloud Computing-based
    life-cycle cost and economic modeling.
    This firm addresses every aspect of cost related efforts & questions such as:
    ● If you are migrating current systems to a cloud, how will you handle (and
    cost) the migration?
    ● Will you migrate all IT related tasks into the cloud, or it will be partially
    migrated?
    ● What IT chores should remain in the current environment?
    ● Will you use a public cloud, or you will need a private cloud?
    ● If you are migrating IT requirements into a cloud, how will you handle and
    budget for the short-term operations of distributed and cloud
    infrastructures?
    ● What can special-purpose computing tasks be enabled in the cloud
    technology that wasn't possible in the current environment?
    ● Can the cloud provide levels of service commensurate with existing
    service-level agreements?
    Economical Decisions

    Cloud technology provides users with strong facilities & economic


    incentives. The selection for implementing the private, public,
    community or hybrid cloud solely depends on the customer's
    specification for applications they want to use, the performance they
    need, the security they want to take & compliance requirement. Proper
    deployment model can save monetary value as well as time in a
    significant manner, provide better IT services & provide a higher level of
    reliability.
    Achieve Cloud Economics for Operation & Services
    Users get frustrated when they need to secure their resources to business
    requirements. Even if they're willing to pay the attributed cost, they may find that
    technology cannot deliver resources to address their needs. Frustrated by the
    unavailability of resources required to fulfill their needs, and for that, they opt for the
    options to obtain resources are as follows:
    ● To obtain sufficient resources for enabling the business opportunities
    ● Hire a senior IT manager or an IT management team to put their request. This may
    help in letting the business proceed forward with the full initiative. But doing this
    fosters disrespect for the existing cloud process.
    ● Request to the senior corporate manager for raising the technology and resources
    (in case of cloud-security, or cloud-infrastructure).
    Economic Characteristics of Cloud
    The unique characteristics of an ideal cloud technology model is mentioned
    below:
    ● Scalability: Access to unlimited computer resources without thinking about
    the economic aspects. This feature needs planning & provisioning.
    ● Low Entry barrier: Users can gain access to systems for small investments
    also; which allows the offer to access global resources to small ventures.
    ● Flexibility: Cloud provides high economic elasticity. Users can re-size their
    resources based on their need. This feature allows optimizing the system &
    captures all possible requirements.
    ● Utility: As cloud providers 'pay-as-you-go' model, users can match their needs
    & resources on an ongoing basis. This eliminates waste and added benefits
    Thank You

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