Metric-Driven Cost Optimization

Metric-Driven Cost Optimization (MDCO) is a cost-management strategy for cloud computing environments. It involves using data and analytics to continuously monitor, measure, and optimize cloud costs. By using metrics, organizations can gain a deep understanding of their cloud spend and identify areas where they can reduce costs.

This approach involves collecting and analyzing data on cloud resource utilization, cost, and performance. The data is used to understand the organization’s cloud spending patterns and to identify areas for optimization. Based on this information, organizations can make informed decisions about their cloud infrastructure investments, such as reducing the use of underutilized resources or selecting more cost-effective resources.

MDCO can also help organizations to better understand their cloud spend over time, track their spending against budgets, and identify areas where they can reduce costs. It enables organizations...