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Cloud Computing Intermediate

What is Cloud Cost Optimization?

Strategies and practices to reduce and control cloud computing expenses while maintaining performance and availability.

Cloud cost optimization involves right-sizing resources, using reserved or spot instances, implementing auto-scaling, eliminating waste (idle resources, orphaned volumes), and choosing appropriate storage tiers. Key practices include tagging resources for cost allocation, setting budgets and alerts, using savings plans, and analyzing usage patterns. Tools like AWS Cost Explorer, Azure Cost Management, and third-party platforms (CloudHealth, Spot.io) help identify optimization opportunities. A well-optimized cloud environment can reduce costs by 30-60%.

Related Terms

Lambda Function (Cloud)
An AWS serverless compute service that runs code in response to events without provisioning or managing servers.
SLA (Service Level Agreement)
A formal agreement between a service provider and customer defining guaranteed levels of service availability and performance.
Google Cloud Platform (GCP)
Google's suite of cloud computing services running on the same infrastructure that Google uses for its consumer products.
Hybrid Cloud
A computing environment that combines on-premises infrastructure with public cloud services, allowing data and applications to move between them.
Cloud Load Balancer
A managed service that distributes incoming network traffic across multiple servers to ensure high availability and optimal resource utilization.
Cloud Storage Tiers
Different storage classes offered by cloud providers, optimized for varying access patterns from frequent to archival use.
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