The rapid adoption of cloud computing has According to a report by Flexera (2021), revolutionized the way or anizations more than 30% of cloud spending is manage and deploy IT resources. wasted due to over-provisioning, idle However, as cloud usage grows, so do the resources, and underutilization. These associated costs and p rformance inefficiencies highlight the importance of challenges. This article explores novel strategies for optimizing costs and developing sophisticated cost optimization strategies that allow org nizations to enhancing performance in cloud-based maximize the value of their cloud systems. By analyzing emerging investments. By adopting rightsizing technologies and methodologies, such as techniques, leveraging cost-efficient cloud serverless computing, AI-driven instances, and implementin multi-cloud optimization, and edge computing, we or hybrid approaches, busine ses can make propose comprehensive approaches that informed decisions to align cloud organizations can implement to maximize the value of their cloud investments. expenditures with actual workload demands.