The cloud promises (and delivers) great benefits to organizations across the globe—agility, scalability, and of course, cost savings through a pay-as-you-go pricing model. Although a company is only billed for what they use, determining what has been used and how it is itemized on a cloud vendor’s invoice can be a daunting task that can make CIOs’ heads spin. Most organizations have multiple teams using cloud resources in different capacities round the clock, and cloud bills can quickly evolve into a twisted mass of charges that are unclear and challenging to follow.
According to Gartner, as much as 70% of cloud costs are wasted. Cloud cost optimization the process of eliminating waste, right-sizing services, identifying un-utilized or mismanaged resources, and finding opportunities for discounts. Demystify your cloud bill and improve your bottom line with the following best practices for cloud cost optimization.