Startups can cut their cloud costs by as much as 75% by implementing smart, data-driven strategies and using FinOps.
Strategies include assigning cost owners, using cost allocation tags, setting budgets and alerts, and conducting regular cost reviews.
Rightsizing infrastructure, utilizing auto-scaling, managing storage efficiently, and leveraging discounts like spot instances and Reserved Instances/Savings Plans are key tactics to reduce costs.
Startups should also consider multi-cloud strategies, serverless architectures, purpose-built databases, and alternative compute providers to optimize their cloud spend effectively.