Cost optimization is a business-focused, continuous discipline to drive spending and cost reduction, while maximizing business value. Cost optimization has many benefits, including cost control and waste reduction, both in the cloud and data centers. Cost optimization can be a great way to build a scalable, modern infrastructure that meets the demands of your workloads without going over budget.
Cost optimization is a key focus of Cloud FinOps. Practitioners use automation and cloud cost management solutions to help implement the actions required for realizing optimization opportunities and reduce wasteful spending. Practitioners aim to reduce costs while managing sufficient use of the cloud for all project shareholders.