Cost optimization strategies (tagging, rightsizing, capacity planning) in enterprise cloud operations

Authors

  • Awodire, Moyosoluwa College of Technology, University of North America (UONA) USA Author

DOI:

https://doi.org/10.21590/ijtmh.09.04.25

Keywords:

Cloud cost optimization, enterprise cloud operations, resource tagging, rightsizing, capacity planning, cloud governance, FinOps, cloud resource management, workload optimization, multi-cloud computing.

Abstract

In today’s digital era, enterprise cloud computing is the backbone of digital transformation, providing scalability, flexibility,
and rapid service deployment. But with more cloud adoption has come rising operational costs stemming from poor
resource utilization, inefficient workload management, and lack of governance. The study discusses multiple options for
optimizing costs in enterprise cloud operations, focusing on key tools and processes to reduce costs while maintaining
system performance, such as resource tagging, rightsizing, and capacity planning. The study examines well-known cloud
optimization frameworks and operational best practices to understand cloud costs, improve resource accountability, and
optimize infrastructure utilization across public, private, and hybrid cloud settings. It also examines the roles of automated
monitoring and governance policies, workload forecasting, and intelligent resource allocation in sustainable cloud financial
management. The conversation underscores the importance of embedding ongoing cost tracking into decision-making
to optimize idle resources, avoid waste, and improve budget consistency. Furthermore, the study highlights issues in
implementing the system, including inconsistent governance practices, fluctuating workloads, and the complexity of
managing multi-cloud environments, and offers practical solutions to address these limitations. The results show that
companies with a structured tagging policy, proactive rightsizing, and data-driven capacity planning achieve higher levels
of operational efficiency, improved resource utilization, greater cost transparency, and long-term financial sustainability.
The study found that an enterprise cloud cost-optimization program, supported by cloud governance, automation, and
continuous performance monitoring, is essential for maximizing enterprise cloud investments and ensuring competitive
advantage in today’s highly complex cloud landscape.

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Published

2023-12-10

How to Cite

Moyosoluwa, A. (2023). Cost optimization strategies (tagging, rightsizing, capacity planning) in enterprise cloud operations. International Journal of Technology, Management and Humanities, 9(04), 307-317. https://doi.org/10.21590/ijtmh.09.04.25

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