From the course: Cloud Architecture: Design Decisions (2022)
Join today to access over 24,700 courses taught by industry experts.
Hard costs and benefits
From the course: Cloud Architecture: Design Decisions (2022)
Hard costs and benefits
- [Instructor] Examples of hard costs and benefits include: the usage cost of cloud storage, such as costs of gigabyte or time the storage system is used, or the benefit of cost savings not having to purchase and maintain storage hardware. These are relatively obvious meaning that they can be defined to the dollar in terms of what money is spent or hard costs and what money is saved or hard benefits. As such, these costs and benefits are generally easiest to define when making a business case for your cloud computing architecture. This information is critical to design decisions in that it defines the cost of that decision and the benefit of that decision. Typically, these calculations are assigned dollar values. In order to gain more control over what's being spent and what the true benefit that can be measured, enterprises often leverage the concept of FinOps, or financial operations. Simply put, this is a set of…
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.