Increase Visibility into Your Cloud Spend

Enterprises are allocating more and more dollars to the cloud - but need to find ways to improve cost visibility and control. In fact, a survey of nearly 1,000 technology professionals cited by Forbes suggests that more than one-third of cloud spend is wasted.

Different user groups within a company have a stake in cloud cost management: the cloud team, finance team, business units, dev/app team, and the operations team, among others. And each of these groups may need different types of information to identify usage trends and track spending.

While currently, users can find ways to slice and dice the information using master-linked account grouping and tagging, there are some limitations to these methods, such as creating groups from scratch, ensuring resources are properly tagged, and a lack of visibility into application data. Creating customized reports involves manual effort as well, which opens the door to inefficiency and human error.  

Users may also struggle with common challenges, including:

    • Identifying costs by applications
    • Understanding how resources communicate with each other and all existing processes
    • Gaining clear visibility into untagged or wrongly tagged resources

This article explores cost management advantages that organizations can experience by using the latest platform from Cloudamize, which helps solve these issues with several pioneering cloud cost-management features:

    • Group builder functionality, which provides details on resources and how they can be grouped and sub-grouped
    • Dependency mapping, which provides a clear view of interconnectivity between these groups and costs, performance, budget and right-sizing metrics for each group

Solve Your Most Challenging Cost Management Pain Points

In broad-brush terms, using cost management  can add value for users by allowing different views of costs, performance and other crucial metrics. Users also have the ability to automate grouping and create their own groups, empowering them to focus on optimization rather than organization.

Here’s a more detailed look at the different groups the platform provides.

Infrastructure Group: This is the default Master Account-Linked Account view based on AWS set up. This shows the resources within these groups and how they are connected to each other. All core user groups in an organization can find value in this grouping. 

Tag-based Group: AWS allows users to tag resources using a key-value pair. Each resource may have multiple tags, requiring significant user effort to group the resources based on tags. Manage automates the tag-based group creation using the highest common factors among the key-value pairs, taking the guesswork out of the process. Users can use these groupings as is or move resources. Seeing costs and other metrics by these tag groups provides an additional level of information to support users with decision making. This also provides clear visibility into untagged or wrongly tagged resources, resolving a common pain point.

Application-based Group: Identifying costs by applications is a big unknown, and a gap that exists in the market. Based on how resources communicate with each other, Manage provides default application groups. This not only helps identify different applications but also shows how resources are communicating with each other and all the processes that exist. The Dev/App group can find value in this, as they gain clear visibility of their application’s performance and the costs being incurred. 

Custom Group: While the above groups cover several use cases, teams can customize the hierarchy to group the resources in a way that helps them improve cost tracking. Below are some of the use cases.

 Business Unit Group

    • Users can vary from Business Unit heads, Operations teams and Finance teams. CFO and other C-suite members might be interested in costs for each business unit.
    • In addition, the BU heads can have access to specific groups so that they can track their costs and drill down into any issues. 

Application Owner Groups

    • Helps track cost by application owner. Users can be Operations, Application and Development team.
    • Finance team can also use this to charge back the application group/owner.

In summary, showing cost and performance metrics in multiple, customizable views is highly valuable to cost management users. Automation of grouping allows for greater visibility across all stakeholders and all departments within the organization and this, in conjunction with other features in Cloudamize, enables teams to manage and optimize their cloud costs.

Want to know more about how Cloudamize can enable better cloud cost management for your organization? Schedule a demo or learn more by visiting Cloudamize.com.

  • Cloudamize