Commitment-based pricing models provide an effective way to reduce cloud spending strategically.

However, opting for a commitment-based pricing model without a well-planned strategy can fail to deliver the desired cost savings. Many enterprises remain in the analysis-paralysis phase, delaying their commitment even when it makes more sense to do so, resulting in higher cloud infrastructure costs. While others who jump the gun tend to miss out on critical cost-takeout measures.

To achieve significant cost savings, enterprises need to assess and plan the commitment strategy. Understanding usage patterns and deciding when, how much, and how frequently to commit is crucial. Over time, optimizing commitments adaptively and automating commitment-based spending is also important.

We highlight five key considerations that can guide you to the right cloud pricing model configurations.

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