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The Role of AI in Cloud Cost Optimization
- Businesses are using cloud services for various purposes, and cloud cost optimization is a significant challenge for them.
- Artificial Intelligence (AI) helps businesses to control cloud costs, maximize returns and manage cloud resources.
- Managing expenses across various cloud services and locations can be challenging and lead to inefficient use of resources.
- AI performs predictive analytics to help predict future consumption trends and suggest the addition or removal of resources based on them.
- Automated resource allocation by AI helps adjust how resources are used in cloud environments in real-time to maintain performance without waste.
- AI helps businesses benefit from spot instances by anticipating when and where to deploy them by evaluating customer demand, availability, and market conditions.
- Anomaly detection by AI-driven cloud management platforms helps businesses detect errors and avoid spending too much before it becomes problematic.
- AI can also provide workload optimization, cost optimization across multi-cloud environments and AI-driven recommendations for reserved instances.
- AI is essential for businesses to maintain performance while controlling expenses and helps them make better decisions to set them up for long-term success in the cloud.
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