Cloud Cost Management
Cloud Cost Management is the practice of monitoring, analyzing, and optimizing cloud spending to ensure efficient resource utilization and cost-effectiveness in cloud computing environments. It involves tracking cloud service usage, identifying waste, implementing cost-saving measures, and forecasting future expenses. This discipline helps organizations control their cloud budgets while maintaining performance and scalability.
Developers should learn Cloud Cost Management to prevent budget overruns and optimize resource allocation in cloud-based projects, especially as cloud adoption grows. It is crucial for roles involving DevOps, infrastructure management, or scalable applications, where unchecked spending can lead to significant financial waste. Use cases include setting up cost alerts, rightsizing instances, leveraging reserved instances, and implementing auto-scaling policies to balance performance with cost.