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The growing usage of cloud storage has revolutionized data management by offering unparalleled scalability and accessibility. However, optimizing cloud storage prices remains challenging, sometimes leading to significant unforeseen costs. This article explores a wide range of advanced techniques and practical case studies that enable enterprises to effectively navigate the intricacies of cost optimization across top cloud providers, including Google Cloud Platform (GCP), Microsoft Azure, and Amazon Web Services (AWS). Beyond selecting the most appropriate storage type for individual workloads (block, blob, or file storage), we explore advanced strategies that unlock substantial cost savings. From leveraging contractual negotiations for high-volume storage users to utilizing dedicated data transfer devices for streamlined on-premises migration, this paper equips readers with a diverse arsenal of optimization tools. We explore best practices for data lifecycle management, such as tiered backups and granular retention policies, to optimize beyond merely technical solutions. This way, we ensure that data is held at the most affordable tier depending on its frequency of access and compliance with legal requirements. By consistently analyzing cloud storage consumption and adapting responsive strategies to changing requirements, enterprises may retain optimal performance while ensuring long-term financial sustainability. This paper serves as a valuable resource for organizations seeking to master the intricacies of cloud storage cost optimization. By implementing the advanced techniques and best practices outlined herein, cloud users can confidently unlock significant cost savings and maximize the return on their cloud storage investments.
Sasi Kanumuri (Fri,) studied this question.