Hey! Just wanna wave a flag for Coralogix (I work there, disclaimer). We've built a ton of cost optimization because we know that the industry is just ridiculous right now. Your assessment is absolutely correct, and there are more than a few multi-billion dollar companies whose bottom line is predicated on their customers wasting money and being inefficient. We're not one of them!
I was gonna make a post but this took the words out of my mouth. I have a whole talk about this exact topic, but the summary is that the paradigm of hot storage and then 2 weeks later, compressed archive, is the most wasteful way we could possibly organize this data. I discuss this at length in the talk below:
Hey! If you’re looking for open source friendly with really straight forward cost, check out Coralogix.com.
Great features for logs, metrics & traces, total compatibility with open telemetry, cost optimization tools built in (DataDog leavers typically save around 50%), and much more!
Check out our site, and you can find me on LinkedIn (or indeed reply here !) if you want to ask further questions.
https://coralogix.com/