Cost-Effective Resource Allocation and Optimization Strategies for Multi-Cloud Environments

Abstract

Abstract: As organizations increasingly adopt multi-cloud strategies to leverage the benefits of multiple cloud service providers, the need for effective cost optimization becomes paramount. This research paper aims to explore and propose innovative approaches for optimizing costs in multi-cloud environments. The study will investigate resource allocation, workload placement, and performance optimization techniques, taking into account factors such as workload variability, service-level agreements (SLAs), and pricing models across different cloud providers. The objective is to develop cost-effective strategies that balance performance and cost across a heterogeneous cloud ecosystem, ultimately helping organizations make informed decisions in their multi-cloud deployments. This research topic addresses the growing interest in multi-cloud architectures and the associated challenges in managing costs while ensuring high-quality service delivery. It provides a valuable contribution to the field of cloud computing and cost optimization, which is increasingly crucial for businesses and enterprises seeking to maximize the benefits of cloud technology.