Vijay KumarKnowledge Contributor
What is cloud cost optimization, and why is it important in cloud computing?
What is cloud cost optimization, and why is it important in cloud computing?
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Cloud cost optimization refers to the process of managing and reducing cloud spending while maximizing the value and efficiency of cloud investments, by identifying cost-saving opportunities, eliminating waste, and optimizing resource utilization, performance, and pricing in cloud deployments. It is important in cloud computing to control costs, align spending with business objectives, and achieve desired outcomes and ROI, while avoiding cost overruns, budget constraints, and financial risks in cloud environments.