5 Ways to Optimize Your AI Cloud Spending
• Establish robust governance framework for AI services, including predetermined services, clear SLAs, and standardized chargeback pricing
• Enforce tagging best practices for tracking resources; right-size resources to align with actual requirements
• Optimize costs with spot/reserve instances, BYOL licenses, cloud parking, and tailored AI services
• Continuously monitor spending to identify cost overruns; use dashboards to analyze trends and forecast demand
• Renegotiate cloud provider contracts as consumption patterns change to secure favorable terms