67% of enterprises now use multiple cloud providers. But most cost management tools are built for a single cloud, leaving organizations with fragmented visibility and inconsistent optimization.
Each cloud has its own pricing model, discount mechanisms, and cost allocation taxonomy. AWS Reserved Instances, GCP Committed Use Discounts, and Azure Reserved VM Instances all work differently but serve the same purpose.
The first step is normalizing cost data into a common taxonomy. This means mapping equivalent services across clouds and establishing consistent tagging standards.
With unified visibility, you can make informed decisions about workload placement, comparing true costs across providers including networking, egress, and support charges.
