Cloud spending is surging, but up to 28% is wasted due to overprovisioning, idle resources, and poor visibility. This Datavail white paper outlines strategies for cloud cost optimization, from quick wins like deleting unused resources and leveraging reserved instances, to advanced tactics such as migrating to open-source databases, refactoring applications, and using spot instances. Establishing a Cloud Center of Excellence (CCOE) is key for governance and ongoing savings. With proper tools, visibility, and alignment across teams, organizations can control cloud spend while enabling innovation and maximizing ROI.

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