📌 Cloud Cost Optimization Summary
Cloud cost optimisation is the process of reducing spending on cloud services while maintaining performance and reliability. It involves monitoring usage, identifying unnecessary resources, and adjusting configurations to avoid waste. The goal is to pay only for what is needed, making cloud spending more efficient and predictable.
🙋🏻♂️ Explain Cloud Cost Optimization Simply
Imagine you have a monthly phone plan with unlimited calls, but you only make a few calls each month. Cloud cost optimisation is like switching to a cheaper plan that matches your actual usage, so you are not paying for extras you do not need. It helps you spend money wisely and avoid surprises on your bill.
📅 How Can it be used?
A company can use cloud cost optimisation to reduce its monthly hosting costs by identifying and shutting down unused virtual machines.
🗺️ Real World Examples
A retail business uses cloud servers to run its online store. By regularly reviewing server usage, they discover several test environments running outside business hours. Shutting these down at night cuts their monthly cloud bill significantly.
A media company stores large video files in the cloud. After analysing storage patterns, they move older videos to cheaper, slower storage options, saving money without affecting access to frequently watched content.
✅ FAQ
What is cloud cost optimisation and why does it matter?
Cloud cost optimisation is all about making sure you are not paying for more cloud services than you actually need. It matters because cloud bills can quickly grow out of control if you are not careful. By regularly checking what you use and making small changes, you can keep costs predictable and only pay for the resources that really help your business.
How can I start saving money on my cloud services?
A good way to start is by checking your cloud usage to spot anything that is not being used or is over-sized for your needs. Turning off or scaling down these resources can make a noticeable difference. Many cloud providers also offer built-in tools to help you track spending and highlight areas where you could save money.
Will optimising my cloud costs affect performance?
The goal of cloud cost optimisation is to reduce waste without sacrificing the performance or reliability of your services. When done carefully, it means you only cut back on resources you do not need, so your systems should keep running smoothly while you save money.
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