Cloud cost allocation is the process of identifying, quantifying, and assigning costs associated with cloud resources to the appropriate business units, projects, or individuals.

Anomaly detection is a process that involves identifying unusual or unexpected spikes in cloud spent.

Auto Scaling is the process of automatically adjusting the amount of computational resources that a cloud service uses based on its current demand.

Chargeback is the process of attributing the costs of cloud resources to the specific business units, projects, or individuals that use them.

Cloud cost management is the process of managing and optimizing the costs associated with cloud computing.

A Cloud Service Provider is a company that offers cloud computing services accessible through the internet. It helps businesses operate without making substantial investments in physical infrastructure.

AWS Cost Explorer is a tool provided by Amazon that lets you visualize and understand your AWS costs and usage over time. Its features are designed to help you optimize your AWS cloud spending.

Cloud cost optimization is the process of reducing cloud costs without compromising performance, security, or business objectives.

AWS Cost and Usage Report (CUR) is a tool that provides detailed reports on your business's AWS spending.

AWS EC2 provides secure, resizable, and scalable computing capacity in the cloud.

FinOps, short for Financial Operations, is an operational framework and cultural practice that offers collaborative discipline between executive, finance, and engineering teams.

Cloud cost forecasting is a critical aspect of cloud cost management. It involves predicting the financial expenditure associated with cloud usage.

Multi-Cloud Cost Management involves strategies and tools used to effectively monitor and optimize costs from different cloud service providers.

On-demand instances are cloud resources that are always available whenever you need them and pay only for the time you use them. This is suitable for workloads that cannot be interrupted, and users can use these instances without a long-term commitment.

Public cloud is a type of cloud computing and the provision of computing resources, including servers, storage, and applications, over the internet by third-party service providers.

Rightsizing is the process of optimizing cloud resources to match the requirements of an organization.

AWS Savings Plans are a flexible pricing model that allows businesses to save up to 72% of their AWS usage.