Exploring Cloud Cost Management
Summarize
Summary of Exploring Cloud Insights
Cloud Insights provides a comprehensive tool for analyzing costs associated with cloud assets, enabling organizations to identify opportunities for savings and operational optimization. It continuously monitors cloud infrastructure to deliver insights on cost management.
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Key Features
- Cloud Cost Management Workspace: Offers visibility into cloud spending and usage through an intuitive interface, catering to Executives, FinOps Practitioners, Cloud Managers, and Administrators.
- Rightsizing Resources: Provides automated recommendations for reducing costs by aligning cloud resources with actual usage, aimed at Cloud Administrators and Application Owners.
- Reservation or Saving Plans: Facilitates cost reduction by converting on-demand payment plans to more economical reservation plans, benefiting Cloud Administrators and Application Owners.
- Unused Resources Identification: Analyzes high spend areas and stranded assets to pinpoint cost optimization targets, assisting Cloud Administrators and Application Owners.
- Business Hours Management: Automatically turns off unused cloud resources outside of normal working hours, streamlining operations for Cloud Administrators and Application Owners.
- Cloud Budgets: Enables budget allocation for effective financial management, supporting FinOps Practitioners and Cloud Administrators.
- Change Management Integration: Automates approval processes for optimization tasks within existing change management workflows, enhancing efficiency for FinOps Practitioners and Cloud Administrators.
Key Outcomes
By leveraging Cloud Insights, users can expect enhanced visibility into cloud spending, optimized resource usage, and significant cost savings, leading to more efficient cloud operations and better financial management across the organization.
Learn more about Cloud Cost Management with a sample workflow and reviewing the benefits that it can provide for different users in your organization.
Cloud Cost Management overview
Cloud Cost Management helps you analyze the full range of costs related with cloud assets so you can identify and act on chances to save money and optimize operations.
Cloud Cost Management workflow
Cloud Cost Management continuously monitors your cloud infrastructure to analyze costs so you can identify and act on resources to save money and optimize operations.
Cloud Cost Management benefits
| Benefit | Feature | Users |
|---|---|---|
| Optimize cloud costs and usage by gaining complete visibility of your cloud spend and usage through an intuitive and streamlined user interface. | Cloud Cost Management Workspace | Executives/FinOps Practitioners/Cloud Managers/Cloud Administrators |
| Rightsize cloud resources by getting automated recommendations on how to reduce cloud costs by correctly dimensioning cloud resources to match usage. | Rightsizing resources | Cloud Administrators/Application owners |
| Decrease costs by the conversion of on-demand payment plans to reservation plans for your cloud resources. | Reservation or Saving plans | Cloud Administrators/Application owners |
| Identify cost optimizations targets by analyzing areas of high spend and stranded cloud assets. | Unused resources | Cloud Administrators/Application owners |
| Turn off resources when not in use by identifying cloud resources that aren’t used outside normal working hours and automatically turn them off and on. | Business hours | Cloud Administrators/Application owners |
| Allocate budgets | Cloud budgets | FinOps Practitioners/Cloud Administrators |
| Automate optimization approvals by integrating cloud optimization tasks into your existing change management processes. | Change Management | FinOps Practitioners/Cloud Administrators |