Controlling cloud consumption
1. Controlling cloud consumption
Organizations want to control cloud consumption for many reasons. It could be about cost savings by ensuring they’re not overspending on unnecessary resources, increased visibility by providing a better understanding of how resources are being used and identifying areas to reduce costs, or improved compliance by ensuring your cloud environment is compliant with industry regulations. Google Cloud offers several tools to help control cloud consumption, including resource quota policies, budget threshold rules, and Cloud Billing reports. Let’s define each of these terms. Resource quota policies let you set limits on the amount of resources that can be used by a project or user. They can help prevent overspending on cloud resources; therefore, they help you ensure that your cloud usage is within your budget. Then there are budget threshold rules, which let you set alerts to be informed when your cloud costs exceed a certain threshold. They can act as an early warning for potential cost overruns, and let you take corrective action before costs get out of control. Both resource quota policies and budget threshold rules are set in the Google Cloud console. And then there are Cloud Billing reports. Whereas resource quota policies and budget threshold rules provide proactive means to control cloud consumption, Cloud Billing reports offer a reactive method to help you track and understand what you’ve already spent on Google Cloud resources and provide ways to help optimize your costs. You can use Cloud Billing reports to monitor costs by exporting billing data to BigQuery. This means exporting usage and cost data to a BigQuery dataset, and then using the dataset for detailed analyses. You can also visualize data with tools like Looker Studio. After analyzing how you're spending on cloud resources, you might realize that your organization can optimize costs through committed use discounts (CUDs). If your workloads have predictable resource needs, you can purchase a Google Cloud commitment, which gives you discounted prices in exchange for your commitment to use a minimum level of resources for a specific term.2. Let's practice!
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