Why cost assessment is a crucial part of the Cloud Migration Strategy
By HSI | April 4, 2023
While utilising the increased agility, higher scalability, on demand resource usage, we must focus on cost optimization also which is crucial for any organisations to stay competitive in the present world. It is not as simple as it may seem.
Businesses frequently spend more money migrating to the cloud in their efforts to save costs but they underestimate this cost. Along the way, it also presents other difficulties like:
- Securing applications and data
- Monitoring closely the costs of operations and infrastructure
- Putting in place “proper” governance
- Changing one’s perspective towards on-premises infrastructure
- Keeping up with the pace of cloud technology’ constant evolution
Ways to overcome the above challenges
- Take Migration Readiness Assessment
Organizations rushing to move to the cloud often overlook the fact that there is no migration roadmap. They overlook the need for professional evaluation and see it as an unnecessary extra effort. In doing so, they overlook the fact that assessing cloud readiness can help ensure a smooth transition and yield significant ROI.
The cloud migration readiness assessment considers various migration factors that impact costs, including infrastructure costs, migration, and post-migration costs.
Cloud infrastructure costs are one of the biggest factors impacting migration costs. Data usage, business applications and systems, network, database, and storage capacity are some of the factors that determine migration costs. After assessing the infrastructure, you need for the cloud, you can use the TCO calculators offered by cloud service providers such as AWS. The tool considers factors such as server type, number of VMs, and memory to determine your cloud infrastructure cost.
- Migration Of Resources Strategically
One of the biggest advantages of the cloud is that you only pay for what you use. Therefore, you need to identify resources that need to be online 24/7 and resources that are rarely used. Classify resources based on usage and automate start-up and shutdown of cloud resources. The assessment report looks at the CPU and memory usage of each resource to help you decide which resources should be moved to the cloud and which can remain on-premises and move underutilized resources to the cloud. You can save the cost of replicating.
The cost of migration will vary greatly depending on the strategy chosen. Costs vary depending on whether you choose to lift and shift, rebuild, re-platform, repurchase, or retire. You should also consider how long it will take to migrate, make the necessary purchasing arrangements, and consider whether you will need to hire additional assistance that can drive up migration costs.
- Effective Backup Retention and Storage Plan
Organizations should also consider the costs of maintaining applications in the cloud after migration. Teams overseeing systems and apps that need to work post-migration add to the overall migration cost.
After weighing the various factors and costs, you need to calculate your total cost of ownership (TCO) to determine if moving to the cloud is justified. If your current costs are less than what you would incur if you moved to the cloud, moving to the cloud is beneficial and you can take advantage of the benefits that the cloud offers.
How to accomplish this with HSI?
Hitachi Systems India supports companies with their cloud initiatives by offering digital transformation solutions that let them maximise AWS cloud and data analytics for development and innovation. Our team of professionals collaborates with businesses of all sizes to use cloud migration, managed services, DevOps, data and analytics, cloud security, and cloud native applications to achieve business goals. We also assist them in developing migration strategies and executing secure cloud migrations of applications and data. We also assist in reducing the capital expenditures, maintain performance and security, minimizes support and administration costs, and maintain business reliability requirements by deploying IT systems and applications on AWS with minimal cost and effort.