5 Best Practices for Cloud Cost Optimization

5 Best Practices for Cloud Cost Optimization

Demystify your cloud bill and improve your bottom line with the following best practices for cloud cost optimization. Learn 5 Best Practices for Cloud Cost Optimization.

Demystify your cloud bill and improve your bottom line with the following best practices for cloud cost optimization.

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.

As of 2019, 90% of companies were on the cloud, and by 2021, 94% of workloads will be processed by cloud data centers (Cisco).

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