GITNUX MARKETDATA REPORT 2023
Must-Know Cloud Usage Cost Metrics
Highlights: The Most Important Cloud Usage Cost Metrics
- 1. Compute costs
- 2. Data storage costs
- 3. Data transfer costs
- 4. Network costs
- 5. License costs
- 6. Support and maintenance costs
- 7. Backup and disaster recovery costs
- 8. Security and compliance costs
- 9. Cloud management costs
- 10. Data access costs
Table of Contents
Cloud Usage Cost Metrics: Our Guide
In an ever-evolving digital landscape, understanding and controlling cloud expenditure has become profoundly significant. This updated report delves into the must-know metrics for assessing your cloud usage costs effectively. Stay ahead of the curve by learning about these crucial parameters that can deliver significant savings and enhance the overall efficiency of your cloud strategy.
Compute cost measures the expense of computation resources used in cloud infrastructure, including vCPUs, memory, and storage.
Data Storage Costs
Storage cost quantifies expenses related to storing data in the cloud, encompassing object storage, block storage, and database storage. It factors in data size and storage duration.
Data Transfer Costs
Data transfer cost pertains to expenses for moving data within and between cloud services, based on the data volume and distance traveled.
This metric tracks expenses for cloud infrastructure connectivity, encompassing VPNs, CDNs, and network load balancers.
Tracks expenses for third-party software used in the cloud, such as licenses for databases, security tools, and application frameworks.
Support And Maintenance Costs
Tracks expenses related to managing and maintaining cloud infrastructure, including customer support, software updates, and monitoring costs.
Backup And Disaster Recovery Costs
Covers expenses associated with data replication, resource provisioning, and recovery efforts for backup and disaster recovery purposes.
Security And Compliance Costs
Covers security and compliance costs, including encryption, audits, and tool management.
Cloud Management Costs
Includes expenses for cloud management tools, automation, and administrators.
Data Access Costs
Costs for cloud-based data storage, including data analysis, queries, and computation resources.
Frequently Asked Questions
What are Cloud Usage Cost Metrics?
Why are Cloud Usage Cost Metrics important?
What are some common Cloud Usage Cost Metrics to track?
How can organizations manage and optimize their Cloud Usage Cost Metrics?
Can Cloud Usage Cost Metrics vary across different cloud service providers?
How we write these articles
We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly. See our Editorial Guidelines.