cloud-engineering

Cloud Cost Optimization

Definition

Cloud cost optimization is the practice of reducing cloud spend while maintaining performance and reliability. Key strategies include right-sizing instances, using reserved or savings plan pricing, leveraging spot instances, implementing auto-scaling, deleting unused resources, and using storage lifecycle policies.

FinOps practices align engineering and finance teams around shared cost accountability.

Related Terms

Spot Instance

Lifecycle Policy

Storage Lifecycle Policy

Data Transfer Costs

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