📌 Cloud Cost Governance Summary
Cloud cost governance is the process of managing and controlling how much money an organisation spends on cloud computing resources. It involves setting policies, tracking usage, and making decisions to ensure cloud costs are predictable and aligned with business goals. Effective cloud cost governance helps prevent unexpected bills and wasteful spending by providing visibility and controls over cloud services.
🙋🏻♂️ Explain Cloud Cost Governance Simply
Imagine you have a mobile phone plan and want to avoid going over your monthly data limit. You check your usage, set alerts, and make sure you only use data when necessary. Cloud cost governance works in a similar way, helping organisations keep an eye on cloud spending so they do not get surprised by big bills.
📅 How Can it be used?
Teams can use cloud cost governance to set budgets and monitor spending on cloud resources throughout a software development project.
🗺️ Real World Examples
A retail company moves its online store to the cloud and uses cost governance tools to monitor daily spending. They set up automated alerts for when costs approach their monthly budget, allowing them to adjust usage or investigate unusual spikes before they become expensive problems.
A healthcare provider uses cloud cost governance to track the costs of storing medical records. By analysing usage patterns, they identify underused services and shut them down, saving money and improving efficiency.
✅ FAQ
Why is cloud cost governance important for businesses?
Cloud cost governance helps businesses keep their spending on cloud services under control. Without it, costs can quickly get out of hand, leading to surprise bills and wasted money. By paying attention to how cloud resources are used and making smart decisions, companies can make sure their cloud spending matches their goals and budgets.
How can organisations avoid unexpected cloud bills?
Organisations can avoid unexpected bills by setting clear policies for who can use cloud resources and how much they can spend. Regularly checking cloud usage and setting up alerts for unusual activity also helps. It is all about staying informed and making adjustments before costs spiral.
What are some simple steps to start with cloud cost governance?
A good place to start is by tracking how much is being spent on cloud services and who is using them. Setting budgets, creating rules for cloud usage, and reviewing bills each month can make a big difference. Even small changes like shutting down unused resources can help save money and keep spending predictable.
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