In order to stay competitive, businesses must keep a close eye on their spending – and that includes their cloud costs. With cloud costs ballooning out of proportion, and even putting companies at risk of bankruptcy, it’s important to have a plan to cut down on expenses.
Many companies are foregoing the cloud entirely, including even the cloud storage provider Dropbox. In fact, the majority of IT decision-makers are migrating applications out of the public cloud. However, you don't need to give up on the cloud to save money. There are a number of ways to cut costs without sacrificing performance or reliability. After all, sticking with the cloud has many advantages, including reduced time to market, greater innovation and market share, and the ability to easily adopt new technologies like IoT and machine learning. Here are 21 strategies, cost optimization tools, and specific steps businesses can take to start reducing their cloud costs.
Kaveh is the Founder and CEO of www.usage.ai