As mentioned in a previous blog about myths of cost optimization, “cost optimization is the proactive strategy of driving spending and cost reduction while also maximizing business value.” In other words, your organization is focused on bringing as much value as possible for the least amount of money, not necessarily cutting costs. This is a common misconception, but that is for another discussion. I’d recommend checking out the blog on cost optimization vs cost cutting if you want to read more on it.
Today, we are going to focus on why your organization needs cost optimization and specifically for cloud costs. Given the events of 2020, most companies have made the move to the cloud in some form. If it is a new undertaking, most likely it was something small to get started. Most companies don’t move to the cloud overnight.
So why does your organization need cloud cost optimization?
Download the Cloud Optimization Checklist to Help You Get Started