MULTICLOUD STRATEGIES FOR COST OPTIMIZATION: A TECHNICAL OVERVIEW

Abstract

This comprehensive article explores the strategic implementation of multicloud architectures for cost optimization and enhanced operational efficiency in organizations. It delves into key aspects such as leveraging service diversity, optimizing workload distribution, strategic use of various instance types, and the benefits of improved negotiation power and continuous benchmarking. The article also addresses critical considerations for resilience and availability in multicloud environments, highlighting how these factors contribute to overall cost efficiency. Technical considerations for effective implementation are discussed, including the need for robust management tools, standardized processes, staff training, governance policies, and regular resource allocation reviews. Throughout, the article emphasizes the potential for significant cost savings and improved resource allocation, while also acknowledging the challenges and complexities involved in managing multicloud environments.