Cloud Cost Best practices

Cloud Cost tips ü Use the pay-as-you-go model: Ø With the pay-as-you-go model, you only pay for the resources you use. This can be more cost-effective than paying for a fixed number of resources upfront. ü Use reserved instances: Ø If you know that you will need a certain number of resources for a longer period-of-time, you can purchase reserved instances, which can be more cost- effective than the pay-as-you-go model. ü Use spot instances: Ø Spot instances allow you to bid on excess capacity in the cloud at discounted prices. This can be a cost-effective option if you have workloads that can tolerate interruptions. ü Monitor and optimize resource utilization: Ø Regularly monitoring your resource utilization can help you identify underutilized resources and optimize your costs. Here are some tips for saving money on cloud costs:

Cloud cost tips (cont.) ü Use cost management tools: Ø Many cloud providers offer tools that can help you monitor and optimize your cloud costs. ü Use open-source options: Ø There are many open-source options available that can help you save on cloud costs. ü Use the cloud for disaster recovery: Ø Using the cloud for disaster recovery can be more cost-effective than maintaining your own disaster recovery infrastructure. ü Consider using a multi-cloud strategy: Ø Using multiple cloud providers can help you take advantage of cost savings opportunities and avoid vendor lock-in. ★ I also suggest using the Azure Cost Calculator Tool to see sample costs for your solution. Ø You can find it Here.