Description: Cost management is the process of managing and optimizing costs in cloud services, which involves a series of practices and strategies designed to control and reduce expenses associated with cloud infrastructure and services. This process is fundamental for organizations seeking to maximize their return on investment (ROI) and ensure that their resources are used efficiently. Cloud cost management includes identifying unnecessary expenses, implementing usage policies, monitoring resources, and forecasting future costs. Additionally, it focuses on the proper allocation of budgets and the continuous evaluation of financial performance associated with cloud services. With the exponential growth of cloud adoption, cost management has become a critical discipline, as it allows companies not only to save money but also to improve their agility and responsiveness to market changes. In an environment where costs can escalate rapidly, having a solid cost management approach is essential for maintaining competitiveness and financial sustainability.
