Today, many decision makers tend to favor public cloud environments over their own data centers. Often, the reason is easier and quicker scaling to cover daily or seasonal peaks and it sounds promising to be the cheaper way. However, it’s just different means of paying the bill, which is at first glance financially attractive. If we have a closer look, it turns out to be quite an issue, especially for financially responsible folks: it becomes more complex and less predictable. Let’s have a look at the paradigm shift and how the current approach in enterprise data centers compares to running your business in the Public Cloud: read the full article...
News: Paradigm Shift in Cost Structure and its Risk in Public Cloud Environments
- Posted by: Daniel Kaar
- Posted on: May 30 2012 08:50 EDT
- Activity Based Cost/Metering is the foundation of Cloud Cost Mgmt by William Louth on May 30 2012 09:47 EDT
- Best web design Orlando by Best web design Orlando on June 01 2012 11:36 EDT
Those familar with cost mgmt (my first area of study before switching to computer science) will release that with such a fundamental shift in "cost structure" that one also needs a fundamentally different way of managing such cost. Today that is activity based costing. But that is still not sufficient because we want to not only manage cost but performance and capacity and this is where activity based metering comes in which delivered in 2008!!!
This article gives you a glimpse into what it means to apply activity based metering to software execution.
In JXInsight/OpenCore 6.3 release in Jan of this year we went far beyond metering by offering an usage detail record (UDR) metering extension that integrates with various billing backends (remember billing != metering). We even extended UDR's to metrics as well as metering. This article fleshes this out further.
Well after 5 years pushing for greater cost and control to be more integrated into the management of applications and services in the cloud its nice to see that dynaTrace is again following our lead and confirming our vision was indeed right along though admitedly it was far ahead of its time.
Woh Everyone loves you , bookmarked ! My partner and i take issue in your last point.
thank for dropping this story. I am definitely tired of struggling to find relevant and intelligent commentary on this subject. Everyone nowadays seem to go to extremes to either drive home their viewpoint or suggest that everybody else in the globe is wrong. thank for your concise and relevant insight.