9 best practices to reduce spending in a multicloud environment

Many organizations have learned the hard way that migrating to the public cloud doesn’t always deliver the cost savings they hoped for.

This does not mean that taking the leap is a mistake. The public cloud provides tremendous benefits in terms of agility, responsiveness, simplifying operations, and enhancing innovation. The mistake is to assume that migrating without applying optimization and governance practices will lead to the long-awaited savings.

As a result, many organizations are taking a strategic approach across a multicloud environment to take advantage of the best services and pricing discounts each cloud provider has to offer. While this presents many cost-saving opportunities, the challenge is to ensure that all cloud environments are properly managed and under control.

The first step in combating rising cloud costs is to gain visibility into all of your organization’s spending on these infrastructures. Once the highest or fastest growing areas of spending have been identified, a number of best practices can be applied to reduce and optimize costs. The objective? Get the most out of any investment in the cloud.

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