Welcome to GCP World
Top 10 Methods to Save Cost in Google Cloud Platform (GCP)
- 1. Committed Use Discounts: Commit to resource usage (VMs, CPUs, RAM, GPUs) for 1 or 3 years and save up to 70% over on-demand pricing.
- 2. Sustained Use Discounts: Automatically receive discounts for VMs running most of the billing month.
- 3. Preemptible VMs: Use low-cost, short-lived VMs for fault-tolerant and batch workloads.
- 4. Right-size Recommendations: Use Recommender to downsize or shut down underutilized resources.
- 5. Use Cloud Storage Lifecycle Policies: Automatically move objects to cheaper storage classes or delete them when no longer needed.
- 6. Turn Off Idle Resources: Schedule dev/test environments to shut down outside business hours.
- 7. Optimize Network Egress: Use Google Cloud CDN and minimize inter-region data transfer.
- 8. Monitor Costs with Cost Tools: Use GCP Cost Management, Budgets, and Reports to track and alert on spending.
- 9. Use Managed Services: Shift to managed offerings like BigQuery, Cloud SQL, and Cloud Functions for efficiency.
- 10. Leverage Serverless: Pay only for what you use with serverless tools like Cloud Run and Functions.