Multi-cloud environments benefit greatly from cloud cost optimization, as organizations can compare costs between providers for specific services and choose the most cost-effective option for each workload. The challenge lies in managing different interfaces and billing structures, but third-party cost management tools can help aggregate and analyze spending across providers. In hybrid environments, cost optimization benefits by finding the right balance between resources in both environments.
Benefits of cloud cost optimization include:
Cost savings
Improved budget management
Enhanced resource utilization
Resource flexibility
Data-driven decision making
Scalability without overspending
Avoidance of cloud sprawl
Risk mitigation of anomalies and unexpected spend