It’s 2024, and businesses are projected to spend over $1 trillion on the cloud – and yet, where the costs go is still a mystery. Sure, people say that a cloud or hybrid environment is more budget-friendly than on-prem, but what factors increase or, more importantly, decrease your monthly bill? We’ll help demystify things with Microsoft Azure. Read on to learn how one of the largest cloud providers decides what to bill you each month.

As of 2023, 94% of companies use cloud services. Migrating has many upsides. Scaling is more accessible; you can save money by leaving on-prem and have more control. There is one big con, though (navigating cloud migration difficulties aside): Managing a cloud environment is a full-time job. And that’s just one cloud environment! Suppose your company is working with a multicloud environment, optimizing usage and costs, and monitoring output/input while juggling security.

Load balancer is a system that distributes network traffic across a group of servers. AWS’s load balancing service is called ELB (Elastic Load Balancing). It automatically distributes incoming traffic across multiple targets like EC2 instances, containers, and IP addresses. It essentially acts as a traffic cop for your application, ensuring high availability and scalability.

We’re back with this year’s cloud cost report. This time around, we’re mixing things up a bit. Don’t worry. You’ll still get an in-depth look at cloud cost in the FinOps industry, but you’ll get more insights with our data-driven results from leading reports and Anodot’s customers. If you’re already reaching out to grab that report, you can find it here.