Cost optimization in the public cloud
Public clouds, such as AWS, Microsoft Azure, and Google Cloud Platform (GCP), provide a great deal of cost optimization with the pay-as-you-go model. The public cloud cost model allows customers to trade CapEx for variable expenses, paying for IT resources as they consume them. OpEx is usually lower due to economies of scale. It could be cost-effective to be in the cloud and benefit from continued price reductions that occur over time. The other advantage is that you get additional tools and functionality out of the box with a cloud provider such as AWS, which helps you achieve better agility.
You need a different mindset when defining the cloud cost structure model as it is pretty different from traditional cost models, which most enterprises have been following for decades. You have all the infrastructure available at your fingertips in the cloud, which requires greater control and regulation.
Clouds provide several tools for cost governance...