Cost Optimization Strategies for Cloud Adoption in Small Businesses

Abstract

This research paper explores cost-optimization strategies for small businesses using cloud computing, and where digital transformation is increasingly essential, small enterprises must use cloud technologies to reduce IT costs. The purpose of this study is to offer small businesses useful advice on how to control and lower the expenses related to implementing cloud computing services. To collect data for this qualitative research study, surveys and a review of the literature have been used in combination. It therefore seeks to identify effective cost optimization techniques for small businesses with fewer than 50 employees and annual revenues of less than 10 million euros.

A collection of surveys of small businesses currently using cloud services examines how to manage and reduce cloud-related costs. From the overall survey can be understood that these small businesses have achieved significant cost savings through cloud adoption. Small businesses can gain a lot of advantages when adopt with cloud computing. such as cost reduction, convenience, and ease of use, reliability, sharing and collaboration, and security and privacy. In this research study only talked about the cost-optimization tactics for small business cloud adoption. Right sizing resources, reserved instances, auto scaling, shutting down unused resources and cloud cost management tools are the cost optimization strategies, businesses can be used for cost optimizations.

Key findings revealed that small businesses can achieve significant cost savings by avoiding redundant services and efficiently managing resources by choosing the right pricing models, and the Cloud emphasizes the importance of considerations including data privacy and security. Addresses implementation difficulties and challenges and provides practical recommendations for small businesses to optimize cloud computing costs and increase operational efficiency and support long-term sustainability.