It’s common to talk about cloud cost optimization as if it’s a singular process – which implies you can achieve it using just one type of tool and one technique.
But in fact, optimizing cloud spending is a multi-faceted affair. There are several different approaches to reducing cloud costs, and ideally, you’ll leverage all of them to achieve the best possible balance between price and performance in your cloud environment.
This article breaks down types of cloud cost optimization tools, explaining what it does and how it contributes to the overall goal of cloud cost optimization. We’ll also touch on other ways to save money in the cloud, beyond deploying specific tools.