Overview
Managing expenses related to compute, storage, AI, and networking services can become complex, especially when costs accumulate across different teams and projects without clear visibility. To effectively navigate this dynamic environment, it’s important to have a detailed understanding of where costs are being incurred, how services are being consumed, and what emerging trends may be influencing these expenses.
Understanding Cloud Costs
Cloud security begins with achieving complete visibility and effective resource management. This is essential not only for reducing costs but also for minimizing the cloud attack surface. The challenge many organizations face is the lack of a comprehensive understanding of all the resources they have in the cloud, what those resources are being used for, and what they are paying for them.
Begin by gaining a clear understanding of your cloud expenses and usage, and assess for underutilized or idle resources.
Follow the link to read more about cloud cost optimization strategies: https://aws.amazon.com/premiumsupport/support-cloud-cost-optimization/
What does Cost Analysis Entail?
A structured cost analysis approach involves organizing your cloud spend data by service, project, region, and account. With a structured model:
- You can segment costs by business unit or environment (e.g., dev/test/prod)
- Track historical usage patterns and forecast future spend
- Detect anomalies or spikes indicating potential misconfigurations or over-provisioning
This enables organizations to transition from reactive to proactive cloud financial management.
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