Background
Nowadays, most applications use cloud infrastructure to host their applications. The cloud infrastructure could be resources available from public clouds, e.g., AWS/GCP/Azure, or compute resources like servers in data centers running cloud workloads in the form of VMs and containers.
While the cloud has allowed our business to grow and services to become more and more agile, it comes at an expense. All provisioned cloud resources, whether they are over-utilized or under-utilized have a running cost associated with them. Organizations often face challenges regulating such costs and take necessary actions proactively.