AWS has a host of tools for managing the cost of using its services. The savings can be substantial and every public cloud using organization needs to get on board.

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Summary

AWS has many tools for managing the cost of using its services. Cloud cost optimization goes by the name of FinOps. It can be an obscure label for many cloud users unfamiliar with the topic, so AWS prefers to categorize its tools as cloud financial management. The savings can be substantial, and every public cloud-using organization needs to get on board.

Cloud cost savings can be in the million-dollar range

Managing public cloud usage expenditure is essential for both large and small businesses. Large businesses may be wasting millions of dollars on idle, unused, and forgotten resources billed daily, and small businesses may be wasting sums critical for the life of the business on unoptimized cloud usage. To help manage the cost of the cloud, the major public cloud players provide FinOps tools.