What is Cloud Cost Governance?

Cloud Cost Governance is a strategic framework designed to manage and optimize cloud spending by promoting financial accountability and aligning cloud investments with business objectives. It involves practices such as cost visibility, budgeting, forecasting, and policy enforcement, allowing organizations to monitor and control cloud usage in real-time, thus avoiding cost overruns and inefficiencies. By implementing tools like Harness Cloud Cost Management (CCM), which automates cloud governance, organizations can prevent cloud waste and improve resource optimization, ensuring that cloud resources are used effectively without compromising financial discipline. Key elements include cost allocation, resource optimization, and automation of governance processes, which collectively enhance transparency, compliance, and operational efficiency. Furthermore, Harness Cloud Asset Governance utilizes Cloud Custodian and AI Development Assistant (AIDA™) to streamline multi-cloud governance, reduce management overhead, and facilitate policy-driven governance-as-code, enabling companies to focus on innovation while maintaining financial prudence.