Exciting news: RightSizing is now generally available in ParkMyCloud! You can now use this method for automated cost optimization alongside scheduling to achieve an optimized cloud bill in AWS, Azure, and Google Cloud.
How it Works
When you RightSize an instance, you find the optimal virtual machine size and type for its workload.
Why is this necessary? Cloud providers offer a myriad of instance type options, which can make it difficult to select the right option for the needs of each and every one of your instances. Additionally, users often select the largest size and compute power available, whether it’s because they don’t know their workload needs in advance, don’t see cost as their problem, or “just in case”.
In fact, our analysis of instances being managed in ParkMyCloud showed that 95% of instances were operating at less than 50% average CPU, which means they are oversized and wasting money.
Now with ParkMyCloud’s RightSizing capability, you can quickly and easily – even automatically – resolve these sizing discrepancies to save money. ParkMyCloud uses your actual usage data to make these recommendations, and provides three recommendation options, which can include size changes, family/type changes, and modernization changes. Users can choose to accept these recommendations manually or schedule the changes to occur at a later date.
How Much You Can Save
A single instance change can save 50% or more of the cost. In the example shown here, ParkMyCloud recommends three possible changes for this instance, which would save 40-68% of the cost.
At scale, the savings potential can be dramatic. For example, one enterprise customer who beta-tested RightSizing found that their RightSizing recommendations added up to $82,775.60 in savings – an average of more than $90 per month/ more than $1,000 per year for every instance in their environment.
How to Get Started
Are you already using ParkMyCloud? If not, go ahead and register for a free trial. You’ll have full access for 14 days to try out ParkMyCloud in your own environment – including RightSizing.
If you already use ParkMyCloud, you’ll need to make sure you’re subscribed to the Pro or Enterprise tier to have access to this advanced feature.
Now it’s time to RightSize! Watch this video to see how you can get started in just 90 seconds: