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Cloud is a scalable, agile, easy-to-use, and cost-saving solution to meet the present business needs. However, as cloud adoption is multiplying worldwide, it is getting difficult to track cloud costs. The pay-per-use cloud model is great, but at times, cloud costs start to spiral and go out of control, especially where decision-making is decentralized, and no one is accountable for the costs. <br><br>To know more check out our website: https://www.flentas.com/services/cloud-managed-services
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CLOUD COST MANAGEMENT- BEST PRACTICES • Presented by Flentas Technologies
Cloud Cost Management Cloud cost management is also known as cloud optimization. The organization's plan allows the company to understand and manage the costs and needs associated with cloud technology. It means finding cost-effective ways to maximize cloud usage and its efficiency.
Right-Sizing #1 Organizations have to choose that the cloud instances that you use are the right fit for your needs.
Automatic Scaling #2 This allows organizations to scale up the resources when needed and scale down when not rather than planning for maximum utilization at all times, which is needless.
Identify and consolidate idle resources #3 The next step in optimizing cloud resources is to address and identify idle resources and reduce computing jobs to fewer instances. Cloud also offers load-balancing, on-demand compatibilities that allow you to scale up your computing power anytime.
Power scheduling #4 Power scheduling shows that all instances do not run throughout the day. Non-essential instances shut down when not needed to save costs.
Cloud cost analytics #5 This lets you track what you have spent and what you will be spending.
Utilize heat maps #6 A heat map visually shows peaks and valleys in computing demand. It is valuable in establishing start and stop times to reduce costs, and hence it is an essential mechanism in cloud cost optimization.
Conclusion: Cloud cost management gives organizations the ability to plan for the future and forecast their costs and resource needs. It is cost-effective to make the most of their infrastructure and maximize cloud usage and efficiency, keeping the costs down.
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