General discussion
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Topic
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AI for Cloud Cost Optimization: Maximizing ROI in Cloud Investments
LockedAt a business conference I recently attended, the top 3 questions that the audience asked the IT leaders were-
Why is cloud wastage such a prevalent issue?
How can needless expenses be avoided?
How can the desired result be obtained, at the lowest feasible cost, without sacrificing functionality?
IT stakeholders are frequently caught up in a maze of unstated costs and charges associated with cloud services. Cloud providers’ intricate pricing matrices make it even harder for anyone to evaluate their expenses precisely. However, AI plays a big role in optimizing cloud costs.
To identify and track usage, create budgets, predict cloud prices, and optimize total cloud expenses, observability technologies provide a cost management console. With the aid of AI and machine learning capabilities, they are able to detect expenditure irregularities.
AI-driven FinOps platforms track costs, integrate forecasting and anomaly detection to help organizations maintain financial authority over cloud environments.
SecOps, Security Operations Automation, includes Cloud Detection and Response (CDR) which blends threat intelligence and machine learning to identify cloud attacks, and policy automation.
Data Loss Prevention Solutions use AI to monitor content, shutting out unauthorized data access and exfiltration and automates safe elimination of sensitive information and encryption.
Zero trust support uses AI for continuous authentication through real-time risk assessments and microsegmentation, which prevents access inside cloud environments to eradicate attacks.
Ascertaining if expenses are within typical ranges or whether there are any activities that could lead to excessive expenditure is important. It can be materialized by keeping an eye on cost indicators and spotting any odd trends with the help of AI.
These are some of the functionalities with AI that can help businesses maximize ROI in cloud investments and help optimize cloud costs.
