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

A strategy of using services from multiple cloud providers to avoid vendor lock-in and leverage best-of-breed capabilities.

A storage architecture that manages data as objects with metadata and unique identifiers, ideal for unstructured data at scale.

Identity and Access Management services that control who can access cloud resources and what actions they can perform.

Cloud Load Balancer

A managed service that distributes incoming network traffic across multiple servers to ensure high availability and optimal resource utilization.

An approach to building applications that fully exploit cloud computing advantages like scalability, resilience, and flexibility.

Serverless Computing

A cloud execution model where the provider manages servers and dynamically allocates resources, charging only for actual usage.

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