Navigating the Complexity of Cloud Pricing Models: Insights from Industry Leaders
In this webinar series, leaders from Intel®, Constellation Research, and Yellowbrick discuss the biggest cloud cost reduction opportunities and how you can achieve them.
In Episode 3, the panel examines cloud pricing models. We explore the benefits, risks, and best practices associated with consumption-based pricing models, serverless options, and subscription models.
Featured Speakers:
- Arijit Bandyopadhyay, CTO – Enterprise Analytics & AI, Head of Strategy and M&A – Enterprise & Cloud (DCAI Group), Intel® Corporation
- Doug Henschen, Vice President and Principal Analyst, Constellation Research
- Mark Cusack, CTO, Yellowbrick
- Heather Brodbeck, VP Rev Ops, Yellowbrick
Learn how consumption-based pricing, serverless options, and subscription models affect cost control and scalability. The webinar examines the challenges and benefits of these models. We also provide insights into different pricing structures and flexibility to help you optimize your cloud usage.
Key Takeaways:
- Hidden costs. Consumption-based pricing and serverless options often lead to increased usage and costs. Learn why it’s important to consider scaling and unpredictability when adopting these models.
- Effective cost control and flexibility. Subscription models allow users to choose pricing structures based on usage patterns, query volume, and capacity. Users can choose pricing structures, capacity levels, and discount levels that best suit their needs.
- Blended pricing plans. Combining on-demand and capacity-based subscription pricing can help reduce overall spend and achieve predictable costs. This approach allows businesses to start small with on-demand consumption while characterizing their workload. Moving the fixed capacity portion to a subscription model offers more favorable and predictable spend.
- Balancing performance and costs. Selecting the right cloud instances and platforms is essential for balancing performance and cloud cost management. IO-optimized performance, network optimization, and instance selection help to determine the efficiency and expenditure of cloud services.
- Transparency and pricing. Cloud vendors should aim to pass on cost savings to customers without marking up prices or over-provisioning infrastructure. Providing a simple and user-friendly experience while masking the underlying technical details helps customers pay only for what they need.
Managing Cloud Spend
In this video, Arijit Bandyopadhyay, Doug Henschen, Mark Cusack, and Heather Brodbeck walk through the complexities of cloud pricing models. Understanding the trade-offs between scalability and cost control can help you to optimize cost and align cloud usage with business requirements.
As the cloud computing landscape continues to evolve, staying informed about the latest pricing models and cost management strategies is vital. By harnessing the insights shared in this video, you can navigate the intricacies of cloud pricing, optimize costs, and gain a competitive edge in today’s dynamic business environment.
