Cloud cost hacking
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One of the primary motivations for using the cloud are flexibility and cost saving. The problem is that without ongoing management and oversight, the cloud budget can grow to dimensions that eliminate profitability.A recent study on the cost of using the cloud has shown that companies pay an average of 35% more on cloud services than they really should. A total of over $60 billion is being wasted on cloud services that are not in use.In this article, I will share my conclusions from recent cloud cost optimization processes and review a number of ways and tools to significantly reduce cloud costs 30–50%, without sacrificing performance. The recommendations in this article are valid for all cloud vendors unless otherwise specified.Tools for managing cloud costsBefore you start saving it is (...)