Best Practices for Optimizing Google Cloud Storage Costs ?

Hello, everyone! 👋

I’m currently managing a project with significant data storage requirements on Google Cloud, and I’m exploring ways to optimize costs without compromising performance or data availability. I’ve considered strategies like lifecycle policies, coldline storage for archival data, and using tools to monitor unused resources.

Here are my questions for the community:

What are your go-to methods for managing and reducing storage costs effectively?
Have you used any specific Google Cloud tools (like Cloud Monitoring or Recommender) to analyze storage usage patterns?
How do you balance storage cost savings with maintaining access speed for frequently accessed data?
Looking forward to hearing your tips, insights, and experiences! Thanks in advance for sharing your expertise. 🙌