The ability to avoid or eliminate unneeded cost or suboptimal resources.
There are five design principles for cost optimization in the cloud:
- Adopt a consumption model
- Measure overall efficiency
- Stop spending money on data center operations
- Analyze and attribute expenditure
- Use managed services to reduce cost of ownership
How does Idealstack help you implement this?
- Only pay for what you use
- Utilise reserved instances to reduce costs
- Idealstack manages your stack, operating system updates and other mundane tasks to reduce your cost of ownership