To estimate your future resource demands, you need to do a few things:

Start by gaining visibility – analyze your usage reports to learn about patterns in spending,

Identify peak resource usage scenarios – you can do that using periodic analytics and run reports over your usage data,

Consider other sources of data like seasonal customer demand patterns. Do they correlate with your peak resource usage? If so, you might have a chance of identifying them in advance,

Monitor resource usage reports regularly and set up alerts,

Measure application- or workload-specific costs to develop an application-level cost plan,

Calculate the total cost of ownership of your cloud infrastructure,

Analyze the pricing models of cloud providers and accurately plan capacity requirements over time,

Aggregate all of this data in one location to understand your costs better.

Many of the tasks we listed above aren’t one-off jobs but activities you must regularly engage in. Imagine how much time they take when carried out manually. 

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