The rapid evolution of cloud-based data & analytics creates new opportunities while presenting new challenges. Getting more out of cloud resources for the same investment will translate into higher transaction volume catered, and a larger user base served with a better experience, resulting in increased business value. Improper cloud cost governance will lead to ballooned inefficiencies, inflated cloud bills, and deaccelerated innovation, withthe dangers of organizations becoming less competitive and losing their edge.
Cloud cost optimization deals with financial management through spend analysis and control strategies, to maximize return on investments on cloud endeavors. It is not a one-timecost-cutting measure but is a continuous cycle (monitor-analyze-optimize) for realizing value on every dollar spent.