A recent study by cloud benchmarking firm Cloud Spectator revealed that price changes are becoming increasingly common in the infrastructure as a service market — with one vendor even changing its prices 50 times since 2006 — making it possible for companies to overspend due to higher annual operating costs.
Citing Cloud Spectator’s 2017 Top IaaS Cloud Services Price Comparison report, IPC, an IT solutions provider and digital strategy consultant, reminds businesses that providers compute cloud cost differently based on certain factors, so it is crucial for companies to review their contracts regularly and assess whether they are getting the best value for their subscriptions.
“It’s very easy to assume that the price of IaaS offerings are based simply on the quantity of computing resources but in reality, there are other factors that come into play such as performance levels, the availability of those resources as defined in the service level agreement, end user support, ease of use, and other critical, yet easily overlooked considerations. There are many differences between various cloud offerings and their value propositions, so how they are priced also varies,” said Niño Valmonte, IPC director for marketing and digital innovation.
The same report revealed that there are huge differences in pricing across different providers, despite offering what seems to be the same Cloud services. One key takeaway from the report is that Cloudsigma, IPC’s cloud infrastructure partner, offers more value for money than Amazon Web Services and other big cloud providers, especially for large instances due to its unique pricing model.