Cloud solutions, such as Amazon Web Services (AWS), are an integral part of every modern technology stack. But, as helpful as they may be, they can become costly if not properly managed. Essentially, Cloud service providers have a granular pricing structure and charge users for individual services such as storage, IO operations, and compute instances, just to name a few.
For new users unfamiliar with Cloud computing, the struggle to manage their usage is common, and the effect is higher costs. In fact, 82% of US companies acknowledge that managing costs is their biggest Cloud challenge, according to Flexera’s 2023 State of the Cloud Report.