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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

SaaS (Software as a Service)
A cloud delivery model where software applications are hosted and managed by a provider and accessed by users over the internet.
Elastic Load Balancing
An AWS service that automatically distributes incoming application traffic across multiple targets like EC2 instances and containers.
Kubernetes Namespace
A virtual cluster within a Kubernetes cluster that provides scope for names and enables resource isolation between teams or environments.
S3 (Simple Storage Service)
An AWS object storage service that stores and retrieves any amount of data from anywhere on the web.
Auto Scaling
Automatically adjusting the number of computing resources based on current demand to maintain performance and optimize costs.
IaaS (Infrastructure as a Service)
A cloud service model providing virtualized computing resources like servers, storage, and networking over the internet.
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