One way to modernize your tech stack and reduce your cloud bill is through distributed, peer-to-peer (P2P) architectures.
When it comes to cloud cost management, architecture matters. Worse, in collaboration scenarios, some providers use legacy hub-and-spoke architectures where data is sent to the cloud environment before it can be accessed by others, which limits performance and increases costs. The problem is most cloud providers don’t have efficient ways of ingesting and replicating data within their cloud. Challenge #1: Cutting cloud costs degrades performanceĪll IT teams know this common fire drill when asked to reduce budgets: slash the cloud bill until reliability suffers, then spend more to stabilize, rinse and repeat. Without further ado, let’s dive into problem-solving. In this post, we discuss the top three challenges of cloud cost optimization and reveal how hybrid cloud storage and multi-cloud solutions from Resilio can help. If one dollar of every four is dedicated to cloud services, it behooves your business to optimize costs wherever possible. Cloud spend, which compromised 26% of overall IT budgets last year, continues to grow but at a slower rate. With most companies concerned about entering an economic downturn, half of IT professionals expected budget cuts heading into 2023.
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