How to avoid overpaying for clouds?
Cloud Finops

How to avoid overpaying for clouds?

According to the Flexera 2023 State of the Cloud Report , cloud cost optimization is the top initiative for organizations for the seventh year in a row, as they seek to reduce their cloud spend and avoid overpaying for cloud services. Organizations are wasting an average of 30 per cent of their cloud spend, according to respondents of the Flexera survey. This is slightly lower than the 35 per cent reported in 2022, indicating some improvement in cloud cost management.??

If your business is based on cloud services, you may want to boost cost-efficiency and performance, and one of the proven ways includes an insight into unit costs.??

Cloud cost tracking

Unit cost concept is a strong cloud cost optimization strategy, how??

Unit costs serve as a valuable tool for monitoring and controlling your cloud usage. They enable you to identify any wasteful or inefficient practices and take appropriate measures to eliminate them.?

You can effectively ?

  • reduce your cloud spending, ?
  • enhance the efficiency of your operations, and ?
  • facilitate the growth of your business in a more seamless manner.?

Eventually, make informed decisions about your cloud services.?

How to use unit costs step-by-step for cloud cost optimization? Read!

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