Cloud cost optimization is the process of identifying and reducing cloud computing expenses and improving the efficiency of cloud infrastructure while maintaining high performance and availability. Cloud cost optimization is critical for organizations that are leveraging cloud technologies to store and process data, host applications, and run their business operations.
Cloud cost optimization involves a variety of strategies, including resource right-sizing, instance reservations, workload balancing, and automation. These strategies help organizations to identify areas of inefficiency, optimize their cloud infrastructure, and reduce costs. By implementing effective cloud cost optimization strategies, organizations can improve their return on investment, reduce operational costs, and improve their overall bottom line.