📌 Cloud Cost Monitoring Summary
Cloud cost monitoring is the process of tracking and analysing how much money is being spent on cloud computing services. It helps organisations understand where their cloud budget is going and spot areas where they might be spending more than necessary. By monitoring these costs, companies can make informed decisions to optimise their cloud usage and avoid unexpected bills.
🙋🏻♂️ Explain Cloud Cost Monitoring Simply
Imagine you have a prepaid phone plan and you want to make sure you do not run out of credit. You regularly check your balance to see how much you have used and where your money is going. Cloud cost monitoring works the same way, but for a companys cloud services, making sure they do not overspend.
📅 How Can it be used?
Cloud cost monitoring ensures a project stays within budget by tracking cloud service spending in real time.
🗺️ Real World Examples
An e-commerce company uses cloud cost monitoring tools to track spending across its online store infrastructure. When they notice a spike in costs due to increased website traffic, they quickly identify which services are consuming the most resources and adjust their usage to stay within budget.
A software development team uses cloud cost monitoring to keep an eye on their testing environments. By setting up alerts for unusual spending, they catch accidental overuse of expensive resources, such as leaving virtual machines running overnight, and prevent costly surprises.
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