The technology commonly used to monitor and manage cloud resources is known as cloud management platforms (CMP). These tools provide functionalities for oversight, optimization, and automation of resource allocation in the cloud environment. Key features often include cost management, scalability, performance monitoring, and security compliance. Popular CMP solutions like AWS CloudFormation and Azure Resource Manager facilitate the seamless deployment and management of services across various cloud systems. By utilizing these technologies, businesses can ensure their cloud infrastructure is efficiently operating and aligned with organizational goals.