With budgeting season on the horizon, the question of cloud spend takes center stage. As implied by the name, cloud cost management (CCM) is when you try to manage your cloud costs efficiently through monitoring and centralization.
Cloud cost management tools help you monitor your usage and spend across your cloud services, with some of them making recommendations around permissions, security and ways to cut costs.
Amazon CloudWatch is the AWS cloud cost management tool that monitors your complete stack, which includes applications, infrastructure and services.
Most cloud cost management tools can help with many of these, and having a good cloud cost management strategy in place.