How to Optimize Costs in Multi-Cloud Environments? Any Advice?

Hi everyone,

I’m looking for insights and advice on how to effectively manage and optimize costs in a multi-cloud environment. As more organizations adopt multi-cloud strategies, cost optimization becomes a critical challenge.

Here are a few areas I’m curious about:

Cost Monitoring Tools: What tools or platforms do you recommend for monitoring and analyzing multi-cloud spending?
Rightsizing Resources: How do you ensure you’re using the right-sized instances or services to avoid over-provisioning?
Avoiding Redundancy: How do you identify and eliminate redundant services or resources across clouds?
Vendor-Specific Cost-Saving Features: Have you found any vendor-specific features (e.g., reserved instances, spot instances) particularly effective?
Automation: How much can automation (e.g., auto-scaling, scheduled shutdowns) help reduce costs?
Governance Policies: What are your strategies for enforcing cost-control policies across teams or departments?
I’d love to hear about your experiences, tools, or strategies that have worked for you. Any tips or resources you can share would be greatly appreciated!

Thanks in advance for your help!
Raquel Mathew