📌 Cloud Cost Optimization Summary
Cloud cost optimisation is the process of reducing unnecessary spending on cloud computing services while ensuring the required performance and capacity. It involves analysing usage patterns, identifying wasted resources, and making informed decisions on scaling, purchasing, or shutting down services. By regularly reviewing and adjusting cloud resources, organisations can make sure they pay only for what they actually use.
🙋🏻♂️ Explain Cloud Cost Optimization Simply
Imagine paying for a monthly gym membership, but you only visit a few times. Cloud cost optimisation is like switching to a pay-per-visit plan, so you only pay when you actually use the gym. This way, you save money and avoid wasting resources.
📅 How Can it be used?
A company can review its cloud usage and turn off unused servers to cut monthly costs without affecting performance.
🗺️ Real World Examples
An online retailer uses cloud servers to handle website traffic during busy sales periods. After the sale ends, they scale down the number of servers to save money, instead of leaving them running unused.
A software development team automates reports to identify underused storage in their cloud environment, then deletes old backups and archives infrequently accessed data to cheaper storage options, reducing their monthly expenses.
✅ FAQ
What is cloud cost optimisation and why is it important?
Cloud cost optimisation is about making sure you do not pay for more cloud services than you actually need. By regularly checking how your cloud resources are used, you can spot areas where you are spending too much or where things could be run more efficiently. This helps businesses save money and still get the performance they require.
How can I tell if my business is overspending on cloud services?
If you notice that your cloud bills are higher than expected or keep increasing without a clear reason, it could mean you are paying for unused or underused resources. Reviewing your usage reports and comparing them to what you actually need can help you spot waste and make smarter decisions about what to keep or cut back.
What are some simple steps to start optimising cloud costs?
A good way to begin is by turning off or removing any cloud services you no longer use. Next, adjust the size of your resources so they match your actual needs, rather than sticking with default settings. Regularly review your cloud usage and set alerts to catch unexpected spikes in spending. These small changes can add up to noticeable savings over time.
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