AI-Enabled Cloud Cost Management Platforms: Automating Cost Reports, Alerts, and Optimization Recommendation

Abstract

Cloud computing today is an essential component of modern business, yet its escalating price tag is a significant issue facing organizations. AI-based cloud cost management tools are transforming the way businesses track, optimize, and control their cloud expenses. By leveraging automation, real-time monitoring, anomaly detection, and optimization recommendations, AI-based solutions provide cost-cutting tactics, improve financial projections, and optimize operational effectiveness. These tools utilize machine learning algorithms to track expenses, flag anomalies, and make actionable suggestions to prevent budget overruns. This article explores the various aspects of AI-driven cloud cost management, including cost reporting automation, predictive analysis, cross-cloud optimization, and security compliance monitoring.