Cost Optimization
About this topic
Cost optimization is a business-focused, continuous discipline to drive spending and cost reduction while maximizing business value.
Cost optimization is a business-focused, continuous discipline to drive spending and cost reduction while maximizing business value.
Traditional on-premises management tools28%
Cloud management platforms (CMPs)65%
Best-of-breed cloud management tools34%
Tools available within public cloud platforms20%
Implementing FinOps practices16%
Optimizing workloads for cost-efficiency34%
Negotiating better terms with cloud providers15%
Scaling down unused or underutilized resources12%
Automating cloud monitoring and reporting5%
All of these13%
None of these1%
Something else3%
Yes11%
Undecided for now16%
No reductions but hiring is frozen for 202537%
No reductions or hiring freeze planned for 202534%
Other/can’t say2%