7 terms
Autoscaling automatically adds or removes cloud capacity as demand changes, so applications keep performance targets while paying only for needed resources.
Cost allocation in cloud economics assigns every part of the cloud bill to the team, product or customer that caused it, using tags and rules.
FinOps is a cloud financial management practice that unites engineering, finance and business teams to make cloud spend visible, accountable and value-driven.
Pay-as-you-go is the cloud pricing model in which customers pay only for resources actually consumed, metered per second, hour, request or gigabyte.
A reserved instance in cloud economics is a one- or three-year commitment to specific compute capacity in exchange for a discount on on-demand prices.
Savings Plans are cloud pricing agreements that trade a one- or three-year hourly spend commitment for discounted rates on eligible compute usage.
A spot instance is spare cloud compute capacity sold at a deep discount that the provider can reclaim at short notice when it needs the capacity…