BlackSkye View Providers

Introduction

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Elit nisi in eleifend sed nisi. Pulvinar at orci, proin imperdiet commodo consectetur convallis risus. Sed condimentum enim dignissim adipiscing faucibus consequat, urna. Viverra purus et erat auctor aliquam. Risus, volutpat vulputate posuere purus sit congue convallis aliquet. Arcu id augue ut feugiat donec porttitor neque. Mauris, neque ultricies eu vestibulum, bibendum quam lorem id. Dolor lacus, eget nunc lectus in tellus, pharetra, porttitor.

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Conclusion

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Cloud Computing

Slash Your Cloud Costs: Strategies for 2023

How to Lower Your Cloud Computing Costs in 2023
Rachel
June 14, 2025
•
5 min read
A person looking at a digital dashboard displaying cloud cost metrics and optimization opportunities.
Cloud computing has revolutionized how businesses operate, but costs can quickly spiral out of control if not managed properly. Effective cloud cost optimization strategies can reduce your monthly bill by 30% or more while maintaining performance and reliability. Most organizations overspend on cloud resources due to several common factors. Idle resources, oversized instances, and lack of automation create significant waste in cloud environments. By identifying these issues, you can target your optimization efforts more effectively. Right-sizing is the process of matching instance types and sizes to your workload performance and capacity requirements. Many workloads run efficiently on smaller instances than initially deployed. Analyze your utilization metrics and downsize where possible to see immediate savings. Cloud providers offer significant discounts for reserved instances and spot instances compared to on-demand pricing: Reserved instances can save 40-75% when you commit to 1-3 year terms Spot instances can reduce costs by up to 90% for non-critical, flexible workloads Savings plans provide discounted rates in exchange for committed usage Storage expenses often go overlooked but can account for a substantial portion of cloud bills: Implement lifecycle policies to automatically move infrequently accessed data to cheaper storage tiers Delete unnecessary snapshots and backups Compress data where appropriate to reduce storage requirements Implement robust monitoring tools to track cloud spending across your organization. Regular cost reviews help identify trends and anomalies before they become significant problems. Set up alerts for unusual spending patterns to catch issues early. Cloud cost optimization is an ongoing process that requires attention and adjustment as your workloads evolve. By implementing these strategies, most organizations can significantly reduce their cloud spending without sacrificing performance or reliability. BlackSkye provides an alternative approach to traditional cloud computing costs through its decentralized GPU marketplace. By connecting those who need computing power with those who have idle resources, BlackSkye creates a more efficient pricing model that can dramatically reduce costs for computation-intensive workloads.