Definition - IoT Lens

Definition

There are four best practice areas for Cost Optimization in the cloud:

  1. Cost-effective resources

  2. Matching supply and demand

  3. Expenditure awareness

  4. Optimizing over time

There are tradeoffs to consider. For example, do you want to optimize for speed to market or cost? In some cases, it's best to optimize for speed—going to market quickly, shipping new features, or meeting a deadline—rather than investing in upfront cost optimization. Design decisions are sometimes guided by haste as opposed to empirical data, as the temptation always exists to overcompensate rather than spend time benchmarking for a cost-optimal deployment. This leads to over-provisioned and under-optimized deployments. The following sections provide techniques and strategic guidance for your deployment’s initial and ongoing cost optimization.