Cloud Cost Management for Startups : Strategies for Success

Authors

  • Shahnawaz Khan Bundelkhand University, Jhansi, Uttar Pradesh, India Author

DOI:

https://doi.org/10.32628/CSEIT241051085

Keywords:

Cloud Cost Management, Startup Optimization, FinOps, Automation, Resource Right-Sizing

Abstract

This research article explores the critical importance of cloud cost management for startups, presenting a comprehensive analysis of both successful strategies and cautionary tales. As cloud computing becomes increasingly integral to startup operations, the challenge of managing associated costs effectively has emerged as a key factor in determining long-term success. Through case studies of companies like TechNova and FinEdge, the article highlights successful approaches such as automation-driven optimization and the adoption of FinOps culture. Conversely, it examines the pitfalls of poor cost management practices through the experiences of E-Commerce Express and SwiftApp. The study identifies five key strategies for effective cloud cost management: early implementation of automation, adoption of a FinOps culture, continuous monitoring of cloud usage, regular right-sizing of resources, and planning for scalability. By providing actionable insights and quantitative data on the impact of these strategies, this article aims to equip startup leaders with the knowledge to optimize their cloud expenditure while maintaining the agility and scalability necessary for growth in competitive markets.

Downloads

Download data is not yet available.

References

Flexera, "2021 State of the Cloud Report," Flexera, 2021. [Online]. Available: https://info.flexera.com/SLO-CM-REPORT-State-of-the-Cloud-2021. [Accessed: 30-Sep-2024].

S. Desai, "The Cost of Cloud, a Trillion Dollar Paradox," Andreessen Horowitz, 2021. [Online]. Available: https://a16z.com/2021/05/27/cost-of-cloud-paradox-market-cap-cloud-lifecycle-scale-growth-repatriation-optimization/. [Accessed: 30-Sep-2024].

S. Nadella, "Hit Refresh: The Quest to Rediscover Microsoft's Soul and Imagine a Better Future for Everyone," Harper Business, 2017. [Online]. Available: https://books.google.co.in/books/about/Hit_Refresh.html?id=SeGMDAAAQBAJ&redir_esc=y#:~:text=The%20New%20York%20Times%20bestseller%20Hit%20Refresh%20is

Amazon Web Services, "AWS Cloud Products," Amazon, 2024. [Online]. Available: https://aws.amazon.com/products/. [Accessed: 30-Sep-2024].

Gartner, "Gartner Forecasts Worldwide Public Cloud End-User Spending to Grow 23% in 2021," Gartner, 2021. [Online]. Available: https://www.gartner.com/en/newsroom/press-releases/2021-04-21-gartner-forecasts-worldwide-public-cloud-end-user-spending-to-grow-23-percent-in-2021. [Accessed: 30-Sep-2024].

Insights for Proffesionals, "Technology Budgets: Managing Shifting Priorities," Rackspace, 2021. [Online]. Available: https://www.insightsforprofessionals.com/it/leadership/technology-budgets-managing-shifting-priorities#:~:text=Technology%20Budgets:%20Managing%20Shifting%20Priorities.%20How%20the%20pandemic

J. Daly, "FinOps for Startups: A Practical Guide," Do it, 2023. [Online]. Available: https://www.doit.com/resources/finops-for-startups-practical-guide/#:~:text=Ebook:%20FinOps%20for%20Startups:%20A%20Practical%20Guide.%20A

Gartner, "How to Manage and Optimize Costs of Public Cloud IaaS and PaaS," Gartner, 2022. [Online]. Available: https://www.gartner.com/en/documents/3982411#:~:text=This%20research%20guides%20organizations%20through%20how%20to%20manage

Flexera, "2024 State of the Cloud Report," Flexera, 2024. [Online]. Available: https://info.flexera.com/CM-REPORT-State-of-the-Cloud?id=ELQ-Redirect. [Accessed: 30-Sep-2024].

FinOps Foundation, "State of FinOps 2024," The Linux Foundation, 2024. [Online]. Available: https://data.finops.org/. [Accessed: 30-Sep-2024].

Downloads

Published

04-11-2024

Issue

Section

Research Articles

How to Cite

[1]
Shahnawaz Khan, “Cloud Cost Management for Startups : Strategies for Success”, Int. J. Sci. Res. Comput. Sci. Eng. Inf. Technol, vol. 10, no. 6, pp. 30–38, Nov. 2024, doi: 10.32628/CSEIT241051085.

Similar Articles

1-10 of 179

You may also start an advanced similarity search for this article.