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Cloud Disaster Recovery is a strategy for backup and restore that allows maintaining or quickly resuming mission-critical functions after a disaster. Its importance lies in ensuring business continuity and minimizing downtime and data loss.

IAM is a framework for business processes that facilitates the management of electronic identities. It is crucial for defining and managing user roles, access privileges, and ensuring that only authorized individuals have access to the organization's resources.

Cost Management involves the process of planning and controlling the budget of a business or project. In cloud governance, it is crucial for monitoring cloud spending and ensuring the cloud strategy is financially sustainable.

Resource tagging involves assigning metadata to cloud resources, which enables better management and categorization. It is important for cost allocation, governance, and compliance, ensuring that resources are properly managed and identifiable.

A Federated Cloud refers to the deployment and management of multiple external and internal cloud computing services. It is important for enhancing flexibility, increasing disaster recovery options, and providing the ability to handle spikes in demand.

Cloud Migration is the process of moving data, applications, or other business elements from an on-premises data center to a cloud computing environment. It is important for leveraging cloud benefits such as scalability, cost-efficiency, and agility.

Data Portability is the ability to move data across different platforms or services without hindrance. In cloud governance, it is essential for providing flexibility to the organization and facilitating migration and interoperability.

A Cloud Audit is the process of reviewing and ensuring that the cloud computing architecture adheres to a set of standards, guidelines, and regulations. It is important for maintaining accountability and ensuring compliance with laws and policies.

Risk Management involves identifying, assessing, and prioritizing risks followed by coordinating resources to minimize, control, and monitor the impact of unfortunate events. It is significant in cloud governance to prevent data breaches and system downtime.

Change Management in cloud governance refers to the systematic approach to dealing with the transition or transformation of an organization's goals, processes, or technologies. It aims to ensure that changes are implemented smoothly and successfully.

Multi-Cloud Management refers to the use of multiple cloud computing services in a single architecture. It is important for risk mitigation, avoiding vendor lock-in, and optimizing cloud environments according to business needs.

Compliance Management is the process by which managers plan, organize, control, and lead activities that ensure compliance with laws and standards. In cloud governance, it ensures that cloud services and operations conform to legal and regulatory requirements.

DevOps represents a set of practices that combines software development (Dev) and IT operations (Ops). Its importance lies in fostering a culture of collaboration, which can lead to faster innovation, reduced time to market, and more stable operating environments.

Audit trails are records that chronologically catalog events to provide an evidential chain of the sequence of activities. They are vital for security, compliance with regulations, and analysis of incidents.

Data Sovereignty is the concept that information which has been converted and stored in digital form is subject to the laws of the country in which it is located. This is important because it affects decisions about where to store and process data, and it has legal and compliance implications.

Policy as Code is the management of policies as digital code that can be deployed without human intervention. It enables consistent enforcement and compliance across the cloud ecosystem. Its importance lies in the automation of policy enforcement, ensuring that security and compliance requirements are consistently applied.

Data Encryption is the process of converting data into a code to prevent unauthorized access. In cloud governance, it is a critical component for protecting data confidentiality and integrity and for meeting regulatory requirements.

A Cloud Access Security Broker acts as a gatekeeper that extends the enterprise's security policies to its cloud applications. CASBs are important for visibility into cloud application usage and for controlling data movement between corporate networks and cloud providers.

SLAs are contracts between service providers and customers that define the services provided, the metrics by which services are measured, and remedies or penalties for service failures. They are essential for setting clear expectations and ensuring quality of service.