Introduction

Most cloud providers offer basic cloud cost management tools to help achieve cost management, and there are also more specialized third-party solutions that provide additional visibility and insight into cloud costs.

By making cloud cost management a priority, an enterprise can control its costs and practice good governance while also ensuring that it has the cloud resources it needs to stay competitive.

In addition, cloud cost management best practices also support other business objectives and cloud best practices, such as security, visibility, organization, and accountability. Thus, cloud cost management is important for reasons beyond simple cost control. Good cloud cost management gives businesses the ability to plan, reduce waste, and forecast both their costs and their resource needs.