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Cloud Asset Management: The Missing Piece of Your Cloud Strategy

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Cloud Asset Management: The Missing Piece of Your Cloud Strategy

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The Missing Piece in Your Cloud Strategy

Most companies are rushing to use cloud services more and more. They want the benefits of being able to easily grow, use the latest tech, and run things efficiently. They’re spending a lot of money moving to the cloud, using different cloud setups (like hybrid and multicloud), but often forget something really important: cloud asset management (CAM).

Forgetting about CAM can cause big problems, costing you money and making it harder to get things done. If you don’t manage your cloud assets, you could waste resources, leave yourself open to security risks, have trouble following the rules, and slow down your operations. It’s strange, but CAM is often ignored when people talk about cloud strategies.

Why Ignoring Cloud Asset Management Hurts

Not realizing you need CAM can lead to several issues. The biggest one is usually financial. Imagine leaving the lights on in an empty room – that’s like having unused virtual machines or too much storage space in the cloud. These things cost money, and you might not notice until you get a huge bill! Even worse, if you don’t keep track of your resources, it’s hard to know where your money is going. This can lead to wasted spending that could be easily fixed with good asset management.

Lila: John, what’s a “virtual machine?” It sounds complicated!

John: Great question, Lila! Think of a virtual machine like a computer inside a computer. It’s a software-based computer that runs on a physical server. It does everything a real computer does, but it doesn’t exist as a physical object. It’s like having multiple computers on one piece of hardware, and if you forget about some of them, they just sit there using up resources!

Security also gets worse if you don’t focus on CAM. If you don’t watch your resources closely, you create blind spots. This allows mistakes and weaknesses to stay hidden. These weak spots can make your company vulnerable to data breaches and failing audits, especially if you’re in an industry with strict rules.

Operations also become inefficient. IT teams often don’t have enough time to manage all the cloud stuff, which leads to delays. They might spend ages looking for unused resources, figuring out how applications depend on each other, or even finding out who’s in charge of certain deployments. These tasks should be automated with a good asset management system. Managing cloud assets separately stops teams from getting the most out of their cloud resources and makes it harder to be quick and adaptable.

How to Make Cloud Asset Management a Priority

CAM helps companies make smart changes, bringing visibility, structure, and efficiency to their cloud environments. It’s not about adding extra costs or red tape, but about making the cloud more valuable to your business.

With cloud asset management, you can keep your resources working at their best while staying aligned with your business goals. Special tools and processes can cut costs, improve security and compliance, and boost IT performance. Most importantly, CAM brings clarity to complex setups, especially in multicloud and hybrid cloud environments where different vendors and platforms can make things confusing.

Lila: John, what are “multicloud” and “hybrid cloud” environments?

John: Another excellent question, Lila! Imagine you’re building a house. Multicloud is like buying materials from different stores – one for wood, one for nails, one for paint. You’re using multiple cloud providers (like Amazon Web Services, Google Cloud, and Microsoft Azure) for different things. Hybrid cloud is like building part of your house with traditional materials and part with new, modern materials. You’re combining your own on-premises infrastructure (your own servers and data centers) with public cloud services.

Even though it’s essential, many businesses think of cloud asset management as secondary. They focus on moving to the cloud or adding to their infrastructure, thinking that will bring them success. This is risky! Even the best cloud plan can’t fix a messy cloud setup; it just moves the mess around.

Steps to Effective Cloud Asset Management

So, how can you implement cloud asset management effectively? Here are three key areas to focus on:

  • Tagging and Automation: Create a plan for consistently tagging your resources and automating the process. Standardization is key for tracking cloud assets across teams, applications, and environments. Automation helps by continuously discovering new resources, making sure tags are correct, and finding underutilized assets or ways to save money.
  • Linking Costs to Applications: Connect cloud costs directly to specific applications. Problems often arise when dealing with cloud resources separately. Every resource should be linked to an application, user, or service to better understand its performance and costs. The right tools will help you optimize cloud costs and plan for growth.
  • Integrating Security: Combine cloud security with asset management. This is crucial! Check each cloud resource against industry or company standards. Regular monitoring will flag vulnerabilities and misconfigurations in real time, while centralized security platforms provide visibility across multicloud environments. By combining security practices with asset management, you’ll improve overall governance and reduce risks.

The specific CAM tools and processes you need will depend on your company. A good starting point is to research the top CAM software programs and best practices.

The Importance of Getting It Right

Too often, cloud strategies focus on moving to the cloud, innovating, and saving money without considering the fundamental method of cloud management. Failing to prioritize CAM leads to wasted money, unchecked vulnerabilities, and less agility.

Cloud leaders should make asset management a core part of their strategy. It shouldn’t just be a support function, but a driver of efficiency, security, and long-term success in the cloud. By implementing tagging, providing visibility into costs, and building in security practices, you’ll not only eliminate the costs of disorganization but also fully realize the benefits of the cloud.

The bottom line? Cloud asset management is more than just a technical task; it’s essential for business. Leaders who overlook it do so at their own risk and jeopardize the success of their organizations. It’s time to take control of your cloud assets and turn them into a strategic advantage.

John’s thoughts: It’s easy to get caught up in the excitement of new technology, but it’s crucial to remember the fundamentals. Cloud asset management is like keeping your house in order – it’s not the most glamorous task, but it’s essential for long-term success.

Lila’s thoughts: As a beginner, this makes a lot more sense now! It’s like organizing your toys so you know what you have and don’t lose anything. Thanks, John!

This article is based on the following original source, summarized from the author’s perspective:
Cloud asset management: A crucial missing ingredient

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