What is Cloud Cost Optimization and why is it the need of the hour?

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Adopting AWS Cloud services can be beneficial for all the right reasons. It will help your business to scale up, gain efficiency and work with ease. But if companies are not using the right tools, their Cloud costs may shoot up like never before, and most companies end up with massive AWS Cloud bills. Therefore, it is essential to understand how to use the Cloud the right way and keep the costs grounded. Cloud Cost Optimization is an ideal practice in achieving this objective.

Let’s discuss Cloud Cost Optimization and why companies must use it to their advantage for savings on their overall AWS Cloud expenses.

What is Cloud Cost Optimization?

It is the process of controlling and managing your Cloud resources to eliminate any waste. It involves selecting provisions and right-sizing the Cloud resources in use. The ultimate goal is to reduce Cloud costs and improve efficiency in the long run.

In the DevOps world, Cloud cost optimization can be used to ascertain the utilization of Cloud resources in the most informative manner. Cutting down on waste can help improve performance to a considerable extent.

Why is Cloud Cost Optimization important today?

1. Promotes improved visibility

Measuring Cloud performance is one of the critical methods to improve it. But we can never measure Cloud performance enough if we do not know how Cloud architecture performs in the background. Cloud cost optimization can come at your rescue here and curate awareness regarding its Cloud applications.

2. Cuts down on Cloud costs

Companies may have several unused Cloud resources accumulated that they wouldn’t even be aware of, leading to an inflated Cloud bill. With Cloud cost optimization, companies can do away with underutilized and waste resources to save on costs. For this purpose, companies may look into CK LensTM – an AWS Cloud analytics platform by CloudKeeper, to track your Cloud costs at every step of the way.

3. Better performance

Right-sizing is one of the most fundamental ways to improve Cloud performance. Since overprovision may indicate overpayment and under-provision may cause performance to hamper, it is wise to indulge in careful planning. Such practise can make way for smooth performance without spiking up the costs.

The bottom line

Cloud Cost Optimization can come to your rescue for improving your productivity, fuelling innovation, and improving strategic thinking. To achieve this objective, CloudKeeper services can be your ultimate destination. Companies may use it to reduce their AWS Cloud costs by 5% -15% from day one. Its AWS Cloud Analytics Software – CK LensTM helps identify AWS bill break-ups as per resources and timelines. Moreover, it provides spend evaluations and recommendations from AWS Certified Experts. Therefore, companies should diligently look into CloudKeeper and save dollars spends on their AWS Cloud costs.

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