Nine Common Myths About Cloud Price Performance

Cloud computing is perhaps the most flamboyant technological innovation of the 21st century. This is because it has seen the fastest adoption into the mainstream than any other technology in the domain. We need cloud computing because of the numerous individual and business problems that we encounter today. These problems range from acquiring and maintaining expensive hardware and software resources that we use in our daily operations to streamlining these resources in the most efficient manner for our benefit and the benefit of the society at large.

Pooled computing resources available through cloud computing have been proven to offer tremendous benefits to business organizations.?Cloud computing is helping the society to cope with future problems such as managing big data, cyber-security and quality control. It’s a transformational technology that has helped organizations in different jurisdictions to deliver their products and services in a better way than before.

In order to make cloud computing work for them, companies need to look beyond common myths about the cloud price-performance and understand cloud computing from the point of view of key business objectives.?

?? Myth 1: If it is a cloud workload, it has to be virtual

There’s a widespread belief that cloud benefits and economies are possible only in a virtualized infrastructure. This is a misconception that can keep you from exploring bare metal or physical server options that may enable certain workloads to work better at a lower cost than virtualized options.

?? Myth 2: Cloud is always cheap, so I don’t need to match my workload to the right service

When it comes to cloud computing, the cost depends on how efficiently a company is using its resources. If you don’t take the time to ensure alignment between the cloud deployment model and service, you could easily spend much more money than necessary.

?? Myth 3:??Opting for multicloud gets me better rates from different cloud providers

Another misconception that companies have is that multicloud is cheaper than a single cloud deployment. Almost never. In a large majority of multicloud deployments, the cost of deploying and operating more than a single public cloud is always going to be more than a single public cloud deployment, most things being equal.

?? Myth 4: The lowest per-unit rate gives the best overall value

Each cloud service provider designs and prices its cloud services uniquely. Some infrastructure and service components may be prepackaged, while others may be available à la carte. The actual charges to run a workload may be many times higher than the basic per-unit rates.

?? Myth 5: Shifting to cloud is primarily a cost-cutting exercise

Organizations seeking the right motivation?to move workloads to the cloud often look beyond the value and capability driven reasons in preference to cost reduction as the principal attraction of developing a cloud strategy. While cost has generally been eclipsed by agility, innovation, security, and integration, not long ago, cost was the main source of attraction and still holds appeal.

?? Myth no. 6: We should choose a cloud service provider only based on price

By considering price alone, rather than price for equivalent performance, you risk selecting cloud services that are not optimal to run your workloads. Furthermore, the problem can spiral, since the tendency in dealing with lower than acceptable workload performance is to spin up additional cloud servers unnecessarily driving up costs.

?? Myth 7. Cloud is only about pay per use

Paying for the use of a public cloud on a per minute or hourly basis may sound economical, but the costs are variable and can add up very quickly.?Before making your choice on the type of cloud, consider what’s most economical for your particular application and weigh your options.

?? Myth 8: The main reason to opt for cloud is to reduce IT costs?

The common industry introduction to cloud refers to the replacement of key IT activities, access to on-demand infrastructure, provisioned compute, storage, database services, and more. The reality is that the aggregation of business benefits can swamp IT cost efficiencies in cloud. Cloud can improve almost every aspect of an organization’s products, services, or processes.

?? Myth 9: Moving to the cloud automatically saves money

The prevalent myth about the cloud is that it always saves money. This is often true, but only when planned carefully. There are many other reasons for migrating to the cloud, the most common of which is for agility. Cost is just one of the factors looked into while thinking about cloud.

Read our blog about Nine Common Myths About Cloud Price Performance in detail to know more about the common cloud computing myths. By making informed decisions, cloud computing can offer your business choice, value, and flexibility.