Cloud Cost Optimization: Achieving Cost Savings through AWS Spot Fleet Utilization and Optimizing Cloud Resource Usage

Abstract

Purpose: Cloud computing has revolutionized the way organizations deploy and manage their IT infrastructure. However, as cloud adoption increases, so does the complexity of managing cloud costs. Methodology: AWS Spot Fleet offers a compelling way to optimize cloud expenses by leveraging unused computing capacity at a fraction of the standard price. Findings: This paper explores strategies for cloud cost optimization through AWS Spot Fleet utilization and effective cloud resource management. Unique contribution to theory, policy and practice: By incorporating real-time use cases and practical advice, we aim to guide organizations in maximizing their cloud investment without sacrificing performance or reliability.