According to IDG’s 2020 Cloud Computing Survey, cloud spending now represents roughly one-third of all IT spend, with continued shifts toward cloud expected. With a majority planning to use cloud services for over half of their infrastructure and applications, it is perhaps not surprising that the leading challenge flagged by 40 percent of the survey’s respondents was “controlling cloud costs.”
While there is no single silver bullet for managing cloud costs, the following strategies, when used in tandem, can help you quickly gain greater cost control. For example, a large media enterprise saved $250,000 a quarter by blending these cost control techniques, the largest portion of which can be attributed to a new resource tagging and enforcement regime.
