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A Comprehensive Guide for High-performing Cloud FinOps

Cloud FinOps is a critical part of getting the most out of cloud investments, but not all FinOps implementations are created equal. Some practices are more effective than others. Just as with cloud, FinOps itself must be optimized and high-performing to realize win-win-win business outcomes.

cloud finops

In this blog post, we will guide you through everything you need to know about Cloud FinOps (Financial Operations), from what it is, who the key stakeholders are, how it works, key principles, best practices, and how FinOps can benefit your organization.

What is Cloud FinOps?

As defined by the FinOps Foundation, FinOps is an evolving cloud financial management discipline and cultural practice that enables organizations to get maximum business value by helping engineering, finance, technology and business teams to collaborate on data-driven spending decisions.

FinOps is a term used to describe the operational aspects of a cloud infrastructure, specifically the financial aspects. It includes activities such as budgeting, forecasting, and charging back users for the use of cloud resources.

Who are Cloud FinOps Stakeholders?

Cloud FinOps stakeholders are responsible for the financial management and operations of a cloud computing environment. This includes activities such as budgeting, financial reporting, and risk management.

The primary focus of stakeholders is ensuring that the company is achieving its business goals in the most efficient and effective manner possible. In order to do this, they must have a clear understanding of the company’s financial situation. This includes things like revenue, expenses, profit margins, and cash flow.

Executives

Executives need to be able to make informed decisions about where to allocate resources. They need to know how much money should be invested in each area of the business in order to achieve the desired results.

Cloud FinOps provides executives with visibility into the costs associated with running their business on the cloud. It also gives them tools and techniques for optimizing those costs. This allows executives to make more informed decisions about where to allocate resources and how to invest in cloud infrastructure.

Finance professionals & procurement

Finance professionals are responsible for managing the financial affairs of a company. This includes things like budgeting, forecasting, and accounting. Procurement is responsible for purchasing goods and services for a company.

Both finance professionals and procurement need to have a good understanding of the costs associated with running a business on the cloud. They also need to be able to identify opportunities for cost savings. Cloud FinOps provides both finance professionals and procurement with visibility into cloud costs and helps them optimize those costs.

Development & Operations managers

Development managers are responsible for overseeing the development of software applications. Operations managers are responsible for overseeing the day-to-day operations of a company’s IT infrastructure.

Both development managers and operations managers need to have a good understanding of how much it costs to develop and operate software applications on the cloud. They also need to be able to identify opportunities for cost savings. Cloud FinOps provides both development managers and operations managers with visibility into cloud costs and helps them optimize those costs.

Cloud architects

Cloud architects are responsible for designing, implementing, and managing a company’s cloud infrastructure. They need to have a good understanding of the costs associated with running a business on the cloud. They also need to be able to identify opportunities for cost savings.

Cloud FinOps provides cloud architects with visibility into cloud costs and helps them optimize those costs. This allows them to design more cost-effective cloud infrastructure solutions.

FinOps practitioners

FinOps practitioners are responsible for managing the financial aspects of a company’s cloud computing environment. This includes things like billing, invoicing, and cost optimization.

FinOps practitioners need to have a good understanding of the costs associated with running a business on the cloud. They also need to be able to identify opportunities for cost savings. Cloud FinOps provides FinOps practitioners with visibility into cloud costs and helps them optimize those costs.

How Do Cloud FinOps Work?

FinOps in the cloud can be divided into three main phases: inform, optimize, and operate.

Inform

An important part of any successful cloud FinOps practice is having accurate and timely information about your cloud usage and costs. This means tracking your usage on a regular basis and understanding how it changes over time. There are a number of tools available to help you do this, including AWS CloudWatch, Google Cloud Monitoring, and Azure Monitor. For more simplified and enhanced cost control management insights into single- and multi-cloud environments, Ceeview has been proven a helpful solution.

Optimize

Once you have a good understanding of your usage patterns, the next step is to optimize your use of resources to ensure you are getting the best value for your money. This may involve changing the way you provision or configure resources, as well as identifying and removing unused or unnecessary resources.

Operate

The final step in the cloud FinOps cycle is to operate your environment in an efficient and cost-effective manner. This includes monitoring your usage and costs on an ongoing basis and making adjustments as needed to keep your environment running smoothly. It also involves working with your team to make sure everyone understands the importance of cloud FinOps and how it can help save money and improve efficiency.

What Are the Challenges of Cloud FinOps?

The challenges of Cloud FinOps include accurately forecasting usage, capacity planning, and financial forecasting. Additionally, companies need to ensure data security and compliance with regulations.

Forecasting usage

One of the challenges of Cloud FinOps is forecasting usage. This can be difficult because usage can fluctuate based on a number of factors, including seasonality, customer demand, and new product releases. To accurately forecast usage, organizations need to have a good understanding of their historical data and trends. They also need to consider how changes in the business (such as new product launches) will impact cloud usage.

Capacity planning

Another challenge of Cloud FinOps is capacity planning. This involves ensuring that there is enough capacity to meet future demand. It can be difficult to predict future demand, particularly for organizations that are growing quickly or launching new products. As such, it is important to have a flexible capacity plan that can be adjusted as needed.

Financial forecasting

Another challenge of Cloud FinOps is financial forecasting. This involves predicting how much money will be spent on the cloud in the future and making sure there is enough budget to cover these costs. Financial forecasting can be difficult because it requires a good understanding of both current and future cloud usage patterns. Organizations also need to consider how changes in the business (such as new product launches) will impact cloud spending.

Data security

Data security is another challenge of Cloud FinOps. This is because organizations need to ensure that their data is secure when it is stored in the cloud. They also need to ensure that data remains secure when it is being transmitted between different cloud services. Data security can be challenging because it requires a careful balance between security and accessibility. Organizations need to find a way to protect their data without making it too difficult for authorized users to access it.

Compliance with regulations

Compliance with regulations is another challenge of Cloud FinOps. This includes ensuring that data stored in the cloud complies with all relevant laws and regulations. Compliance can be challenging because it requires ongoing monitoring and updates to ensure that data remains compliant. Additionally, compliance requirements can vary depending on the country or region where the data is stored .

Consequences of Poor-performing Cloud FinOps

Without a well-performing Cloud FinOps strategy, organizations can face consequences such as:

Increased costs

Poor-performing Cloud FinOps can have a number of consequences, the most prominent of which is increased costs. When cloud resources are not managed efficiently, organizations can end up paying more for their cloud usage than necessary. In addition, poor Cloud FinOps can lead to delayed time to market and poor customer experience.

Delayed time to market

Another consequence of poor-performing Cloud FinOps is delayed time to market. If an organization is not able to efficiently manage its cloud resources, it may take longer to launch new products and services. This can be a major problem for organizations that need to be agile in order to compete in today’s marketplace.

Poor customer experience

In addition to increased costs and delayed time to market, poor Cloud FinOps can also lead to poor customer experience. When resources are not managed properly, it can result in disruptions in service or even outages. This can cause customers to lose confidence in an organization and may lead them to take their business elsewhere.

Compliance issues

Finally, another consequence of poor Cloud FinOps is compliance issues. If an organization is not following best practices for cloud resource management, it may run into problems with regulatory bodies or other compliance standards. This could result in significant fines or other penalties.

While the cloud has many benefits, it’s important for organizations to understand the potential risks associated with moving to the cloud. A well-designed Cloud FinOps strategy can help mitigate these risks and enable organizations to realize the full potential of the cloud.

FinOps vs. DevOps: Where do they intersect?

In many respects, FinOps and DevOps are two sides of the same coin. Both are concerned with increasing efficiency and improving the quality of services delivered to customers. However, there are some key areas where the two disciplines intersect.

One of the most important intersections is in the area of cloud costs. As more and more businesses move to the cloud, it becomes increasingly important to optimize costs. This is where FinOps comes in. By working with developers to understand how they are using cloud resources, FinOps practitioners can help identify opportunities for cost savings.

Another key intersection is in the area of automation. Both FinOps and DevOps rely heavily on automation to improve efficiency and quality. Automation is particularly important in the cloud, where it can help reduce provisioning time, improve resource utilization, and increase scalability.

Finally, both FinOps and DevOps share a focus on continuous improvement. By constantly monitoring performance and seeking ways to optimize processes, both disciplines help organizations continually improve their services.

Cloud FinOps and DevOps intersect where both disciplines are applied in order to optimize and automate the financial and operational aspects of a cloud infrastructure.

By integrating these two disciplines, organizations can achieve improved visibility and optimized control over their cloud infrastructure while also accelerating the deployment of new applications and services.

How FinOps and DevOps work together

The key to understanding how FinOps and DevOps work together is to understand the role that each one plays in the overall cloud ecosystem. FinOps is responsible for ensuring that the financial aspects of the cloud are managed effectively, while DevOps is responsible for ensuring that the infrastructure and operations are managed effectively.

Each team has its own set of tools, processes, and skillsets that they bring to the table. However, there are certain areas where their responsibilities overlap. For example, both teams need to be able to track costs in order to make informed decisions about where to allocate resources. In addition, both teams need to be able to monitor performance in order to identify issues and opportunities for improvement.

The best way for FinOps and DevOps to work together is by sharing information and working collaboratively towards common goals. By doing so, they can ensure that the cloud infrastructure is being used efficiently and effectively, while also keeping costs under control.

In order to realize the benefits of FinOps and DevOps, organizations must first understand how these disciplines can be applied to their own cloud infrastructure.

FinOps Principles

The principles of FinOps provide a framework for teams to use when managing cloud resources. By following the principles below, teams can optimize their use of cloud resources and ensure that they are being used in the most efficient way possible.

Teams need to collaborate

In order for FinOps to be successful, it is important that teams across the organization work together collaboratively. This includes teams from different departments such as finance, IT, and operations. One way to encourage collaboration is to create a cross-functional FinOps team that meets regularly to discuss issues and share best practices.

Another way to promote collaboration is to use data visualization tools that can be accessed by all team members. These tools can help everyone understand where money is being spent and where savings can be achieved.

Everyone takes ownership of their cloud usage

FinOps success depends on everyone in the organization taking responsibility for their own cloud usage. This means understanding how much each team member is using and what they are using it for. It also means monitoring usage on a regular basis and making adjustments as needed to ensure efficient use of resources.

A centralized team drives FinOps

While it is important for everyone in the organization to be involved in FinOps, there should also be a central team responsible for driving the process forward. This team should be responsible for developing policies and procedures, setting goals, and monitoring progress. They should also have the authority to make decisions about how resources are allocated.

Reports should be accessible and timely

One of the key aspects of successful FinOps is having access to accurate and up-to-date reports on resource usage and costs. This information should be accessible to all team members so that they can make informed decisions about how to improve efficiency. Reports should also be generated on a regular basis so that trends can be identified and addressed in a timely manner.

Decisions are driven by the business value of the cloud

When making decisions about how to use resources efficiently, it is important to consider the business value of the cloud services being used. This includes factors such as how essential the service is to operations, how well it meets customer needs, and whether there are cheaper alternatives available. By taking into account the business value of cloud services, organizations can make more informed decisions about where to allocate resources.

Take advantage of the variable cost model of the cloud

In order to take advantage of the cost efficiencies that the cloud has to offer, FinOps practitioners need to understand how the cloud billing model works. The cloud is a pay-as-you-go service, so you only pay for the resources you use. This can be a challenge when moving from a traditional on-premises model, where you may have had excess capacity that you were paying for whether you used it or not. In the cloud, it’s important to only use the resources you need and to release them when they’re no longer needed.

Capacity and resource planning

An important part of taking advantage of the cloud’s pay-as-you-go billing model is capacity and resource planning. This means having a good understanding of your workloads and knowing how much capacity you need to meet your SLAs. It also means being able to scale up or down quickly as your needs change. This can be a challenge in traditional environments, where it can take weeks or months to provision new hardware. In the cloud, it can be done in minutes or hours.

Governance and policy

Another important aspect of successful cloud adoption is governance and policy. As more and more organizations move to the cloud, it’s important to have policies in place that govern who has access to what data and what they can do with it. This is especially important in regulated industries such as healthcare and finance. Without proper governance and policy in place, an organization risks violating compliance regulations which could lead to hefty fines.

Security

Security is always a top concern for organizations, regardless of whether they’re using on-premises or cloud-based solutions. In the cloud, there are additional security concerns around data privacy and data sovereignty. Organizations need to have policies and procedures in place that address these concerns. They also need to ensure that their employees are trained on these policies and procedures.

5 FinOps best practices

FinOps is an emerging set of best practices for managing the financial aspects of cloud computing. While the term is still relatively new, the concept is quickly gaining traction as more and more businesses migrate to cloud.

At its core, FinOps is about optimizing costs and maximizing value. Here are five best practices that can help you get the most out of your cloud investment:

Plan for FinOps before you migrate to the cloud

The first step in implementing successful Cloud FinOps is to plan for it before you even begin your migration to the cloud. This means understanding your company’s overall financial goals and objectives, and then mapping out a strategy for how you will use the cloud to achieve those goals.

You should also take into account the specific needs of your team when planning for Cloud FinOps. Each team has different requirements when it comes to the cloud, so it’s important to tailor your strategy to meet those needs. For example, if you have a development team that needs to be able to quickly provision new resources, you’ll need to factor that into your plan.

Don’t sacrifice value for savings

One of the biggest mistakes companies make when trying to implement Cloud FinOps is sacrificing value for savings. The goal of Cloud FinOps is not to simply save money—it’s to optimize your use of cloud resources so that you can get the most value out of them.

That means that you shouldn’t cut corners when it comes to things like security or compliance just because you think it will save you money. Not only could this put your data at risk, but it could also end up costing you more in the long run if you have to deal with the fallout from a data breach or other incident.

Calculate your actual costs

One of the most important aspects of Cloud FinOps is understanding your actual costs—not just your monthly bill from your cloud provider. To do this, you need to track all of the costs associated with your use of the cloud, including things like storage, bandwidth, and compute time.

You should also factor in indirect costs like support and training. Once you have a clear picture of all of your costs, you can start looking for ways to reduce them without sacrificing value or performance.

Build FinOps into your organization as an ongoing practice

Successfully implementing FinOps requires buy-in and support from everyone in the organization – from the C-suite to front-line employees. To make sure FinOps is embedded into your company culture, here are some best practices:

1. Define roles and responsibilities.

Before you start implementing FinOps, it’s important to establish who will be responsible for what. Will there be a dedicated FinOps team? Who will be responsible for monitoring costs? What about optimizing resources? By clearly defining roles and responsibilities from the outset, you’ll avoid any confusion down the line.

2. Get everyone on board.

Once you’ve established who will be responsible for what, it’s time to get everyone on board with FinOps. This means communicating the importance of cost management to all employees, from the C-suite to front-line workers. It’s also essential to provide training on how to use the tools and techniques of FinOps. Only by getting everyone on board can you hope to embed FinOps into your company culture.

3. Make cost optimization a continuous process.

Monitoring and optimizing costs should not be a one-time exercise – it should be an ongoing process that is integrated into all aspects of the business. By making cost optimization a continuous process, you can keep your finger on the pulse of your finances and quickly identify any areas where savings can be made.

Set clear responsibilities

In order to successful implement FinOps within your organization, it is critical that everyone understands their roles and responsibilities. Here are some tips for setting clear responsibilities:

1. Assign a dedicated FinOps team. This team should be responsible for managing the financial aspects of the cloud migration and ongoing operations.

2. Clearly define roles and responsibilities within the FinOps team. For example, who will be responsible for tracking costs, negotiating contracts, etc?

3. Educate all stakeholders on the importance of FinOps and how it can help save money and optimize cloud resources.

4. Make sure everyone understands the company’s financial goals and how FinOps can help achieve them.

5. Set up regular check-ins with the FinOps team to ensure that everyone is on track and meeting their objectives.

Cloud FinOps benefits

Making the decision to pursue a high-performing Cloud FinOps practice is an important step in achieving success for your business. By implementing the right strategies and tools, you can enjoy a wide range of benefits that will help your organization operate more efficiently and effectively.

Some of the most significant benefits include cost efficiency, resilience, velocity, real-time reporting, better team collaboration, and increased operational flexibility.

Cost efficiency

One of the primary benefits of Cloud FinOps is cost efficiency. By optimizing cloud spend, organizations can save money on their overall cloud bill. In addition, by automating cloud financial processes, organizations can free up time and resources that can be better spent on other tasks.

Resiliency

Another benefit of Cloud FinOps is resiliency. By having a well-defined set of financial processes and procedures in place, organizations can ensure that their cloud infrastructure is able to withstand unexpected events or disruptions. This helps to prevent downtime and keep businesses running smoothly.

Velocity

Cloud FinOps also enables organizations to achieve greater velocity in their workflows. By automating financial processes, businesses can move faster and be more agile in their operations. This increased agility can lead to improved customer satisfaction and increased revenues.

Real-time reporting

Another benefit of Cloud FinOps is real-time reporting. With automated financial reporting tools, businesses can gain instant visibility into their cloud spend. This allows them to make informed decisions about where to allocate their resources and how to optimize their cloud usage.

More effective workflows

Finally, Cloud FinOps can also help to improve workflows within an organization. By automating financial tasks, businesses can eliminate manual errors and improve efficiencies across their operations. This leads to improved productivity and decreased costs.

Better team collaboration

When it comes to cloud FinOps, better team collaboration is one of the most significant benefits. In order to optimize cloud usage and spend, it’s important that all stakeholders are working together efficiently. By aligning incentives and establishing clear roles and responsibilities, teams can work more effectively to improve overall performance.

Increased operational flexibility

Another key benefit of cloud FinOps is increased operational flexibility. With a well-run FinOps operation in place, organizations can quickly adapt to changing needs and demands. This agility is essential in today’s fast-paced business environment.

Cloud cost optimization

Perhaps the most obvious benefit of cloud FinOps is improved cost management. By taking advantage of the variable cost model of the cloud, organizations can save significantly on their overall IT spend. With proper planning and execution, these savings can be substantial – often 10-15% or more.

FAQ

What is Cloud FinOps?

Cloud FinOps is a set of best practices and principles for optimizing the financial performance of cloud computing. It helps organizations to save money on their cloud bills, while still getting the most value from their investment.

Who are the stakeholders in Cloud FinOps?

The stakeholders in Cloud FinOps include executives, finance professionals, development and operations managers, cloud architects, and FinOps practitioners.

How does Cloud FinOps work?

Cloud FinOps works by informing decision makers about how much money is being spent on cloud resources, optimizing resource usage to get the most value for the money, and operating the cloud in a more cost-effective way.

What are some of the challenges of Cloud FinOps?

Some of the challenges of Cloud FinOps include forecasting usage, capacity planning, financial forecasting, data security, and compliance with regulations.

What are the consequences of poor-performing Cloud FinOps?

The consequences of poor-performing Cloud FinOps include increased costs, delayed time to market, poor customer experience, and compliance issues.

Where do FinOps and DevOps intersect?

Cloud FinOps and DevOps intersect where both disciplines are applied in order to optimize and automate the financial, software delivery, and operational aspects of a cloud infrastructure.

What are some of the benefits of Cloud FinOps?

Some of the benefits of Cloud FinOps include cost efficiency, resiliency, velocity, real-time reporting, more effective workflows, better team collaboration, increased operational flexibility, and cloud cost optimization.

Conclusion

In conclusion, Cloud FinOps is a collaborative effort between executives, finance professionals, development and operations managers, cloud architects and practitioners that aims to optimize the use of cloud resources. Cloud FinOps can provide cost efficiency, resiliency, velocity, real-time reporting, better workflows, increased operational flexibility and more effective team collaboration.

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If you would like to learn more about Cloud FinOps or get advice on how to implement Cloud FinOps in your business, contact us today.

13 Reasons to Migrate to the Cloud

Still on-premises with your data center? In this article, we’ll give you thirteen reasons why your datacenter should migrate to the cloud

Migrate to the cloud

Why you should consider migrate to the cloud

Here are some cloud migration benefits:

The bottleneck of On-Premises data centers

The bottleneck of on-premises is that the traditional data center only offers limited capacity for growth. The cloud, on the other hand, has virtually limitless capacity. Not to mention, the cloud is also more resilient and scalable than on-premises. According to Gartner; 80% of enterprises will shut down their traditional data centers by 2025.

Data Center Consolidation

Datacenter consolidation is a reason to migrate to the cloud because it can help organizations save money and improve efficiency. By consolidating data centers, businesses can reduce the amount of infrastructure they need, which can lead to savings on energy costs, hardware costs, and other expenses. In addition, by consolidating data centers, businesses can improve their efficiency by eliminating duplicate data and reducing the need for manual processes.

Superior cost control in the cloud

In addition to reducing IT costs when migrate to the cloud, cloud migration offers superior cost control compared with having the data center in an on-premise environment. That is if you have the right software, like Ceeview Cloud Cost Monitoring.

This is done by first monitoring costs while still in the on-premise environment, during the migration to the cloud, and of course, after migration – when the data center is located in the cloud. Enabling cost monitoring and control during all three phases ensures that you are not surprised by any unexpected costs.

Utilize New Technology

Migrating to the cloud opens up numerous doors of opportunities when it comes to leveraging modern technologies. For example, organizations that migrate can take advantage of machine learning and AI, which aren’t feasible on-premises. They can also spin up highly complex cloud-native technologies, such as Kubernetes containers and data lakes, in minutes.

Remove End-of-Life Concerns from the equation

End-of-life hardware and software can be a big concern for businesses. But with the cloud, businesses can avoid this issue altogether. In the cloud, businesses can pay as they go for up-to-date technology, which can help them avoid any end-of-life concerns.

Scale Resources Quickly and Easily

One of the biggest advantages of the cloud is its ability to scale resources quickly and easily. With on-premises infrastructure, businesses often have to over-provision resources to account for peak demand, which can lead to wasted spending. But in the cloud, businesses can quickly and easily add or remove computing power, storage, and other resources as needed. This flexibility allows businesses to avoid over-provisioning, which can save them a lot of money. To achieve this benefit, IT infrastructure monitoring is required – like the Ceeview Infrastructure Monitoring.

Accelerate Innovation

The cloud also enables businesses to accelerate innovation. With the cloud, businesses have access to the latest technology, which they can use to develop new products and services.

In addition, the cloud also provides the ability to quickly test and deploy new applications and services. This allows businesses to get new products and services to market faster, which can give them a competitive advantage.

Increase Growth

When it comes to organizational growth, technology is more important than ever. Enterprises in the cloud can integrate new acquisitions into existing platforms more easily. They can also scale rapidly with demand using auto-scaling functionality and flexible data management services.

Boost Your Business Agility

Another reason to migrate to the cloud is to improve business agility. In today’s fast-paced business environment, organizations need to be able to quickly adapt to change. The cloud enables businesses to do this by providing the agility and flexibility they need to respond quickly to market changes.

With the cloud, businesses can rapidly deploy new applications and services, which can help them gain a competitive edge.

Get Better Insights with Big Data

The cloud also enables businesses to get better insights into big data. With the cloud, businesses have access to vast amounts of data that they can use to make better decisions.

In addition, the cloud provides the ability to quickly and easily process and analyze this data. This can give businesses a competitive advantage by allowing them to make better decisions.

Cut IT Spending

Migrate to the cloud can help organizations reduce their IT costs in a number of ways. For example; by moving to the cloud, businesses can eliminate the need for expensive hardware and software licenses.

In addition, they can also reduce or eliminate the need for on-premises data centers, which can be very costly to maintain. And lastly, because the cloud is a pay-as-you-go model, businesses only need to pay for the resources they use, which can lead to significant cost savings.

Enhance Security

One of the biggest reasons why organizations migrate to the cloud is to improve their security posture.

In the cloud, businesses have access to the latest security technologies, which can help them protect their applications and data from malicious attacks. In addition, businesses can also take advantage of the expertise of cloud providers to help them secure their applications and data. This can give businesses peace of mind knowing that their data is safe and secure.

Allow for Digital Transformation

Migrating to the cloud can enable digital transformation by providing the agility and flexibility businesses need to quickly adapt to change. In addition, the cloud provides the ability to rapidly deploy new applications and services, which can help businesses gain a competitive edge. Once in the cloud, the possibilities are virtually endless.

Recent advances in cloud computing have made it possible for businesses to digitize core functionality, including CRM, SAP, data analytics, and more. Once migrated away from legacy technologies, businesses can increase the productivity of their workforce, innovate, and unlock new sources of revenue.

What to consider before migrate to the cloud

Migrate to the cloud can seem complex, but with the right partner, it can be a seamless process. Here are a few things to consider when planning your migration:

  • What is your end goal? 
  • What do you hope to accomplish by migrating to the cloud?
  • What is your budget? 
  • How much are you willing to spend on migration and cloud services?
  • Which applications and data do you need to migrate? Not all applications and data are suitable for the cloud.
  • What is your timeline? 
  • When do you need to be migrated to the cloud?
  • Which cloud provider do you want to use?

There are many cloud providers to choose from, each with its own advantage and disadvantage. Get in touch and we’ll explain how we can be of help before, during, and after cloud migration.

The process of migrate to the cloud

The cloud migration process can look like this:

  1. Cloud Assessment: Define the business case and goals for migration. Assess the risks and dependencies associated with migrating to the cloud.
  2. Proof of Concept: Develop a cloud adoption strategy. Create a roadmap for migrating to the cloud.
  3. Data Migration & Application Migration: Implement the migration plan.
  4. Leverage Cloud: Test and validate the migrated applications and services.
  5. Optimization: Optimize performance and costs. Manage and monitor the cloud environment.

Typical issues during cloud migration

Even if the migrate to the cloud process is planned and executed well, there can still be some issues that arise. Here are some cloud migration challenges that businesses might face when migrating to the cloud:

  • Data privacy and security concerns
  • Interruptions in service
  • Application compatibility issues
  • Difficulty managing costs
  • Lack of skilled resources
  • Despite these challenges, migrating to the cloud can be a very beneficial move for businesses. By leveraging the cloud, businesses can improve their agility, efficiency, and bottom line.

How Ceeview can assist

Ceeview can assist with cloud governance and cloud cost control. This includes maintenance and continuous monitoring of the cloud environment for both infrastructure and cloud costs. On the infrastructure part we are monitoring virtual machines, and optimizing the cloud environment after migration – since the on-premise environment operates in a different way compared to a virtual cloud environment.

Ceeview also offers a cloud cost analysis, which can be used to show the total cost of ownership for different clouds – this is useful when comparing on-premise vs. cloud costs. The analysis takes into account all the infrastructure and running costs, as well as license fees.

In addition, Ceeview offers a migration assessment service. This can be used to assess the readiness of an organization before it migrate to the cloud. The assessment includes a review of the applications, data, and processes that need to be migrated.

And finally, Ceeview can do the actual migration to the cloud.

FAQs

What are the benefits of migrating to the cloud?

There are many benefits in migrating to the cloud, including reduced IT costs, improved agility, and security, eliminating end-of-life concerns, accelerate growth, leveraging new technologies, and not to forget – improving efficiency and the bottom line.

What are some common issues that businesses face when migrating to the cloud?

Some common issues that businesses face when migrating to the cloud include data privacy and security concerns, interruptions in service, application compatibility issues, difficulty managing costs, and lack of skilled resources.

How can Ceeview help with cloud migration?

Ceeview can assist with cloud governance and cloud cost control. This includes maintenance and continuous monitoring of the cloud environment for both infrastructure and cloud costs. In addition, Ceeview offers a cloud cost analysis, migration assessment service, and can do the actual migration to the cloud.

Conclusion

Migrate to the cloud can be a complicated task if done without the proper expertise, but it can also be very beneficial for businesses.

The cloud provides numerous advantages, such as agility, flexibility, and the ability to rapidly deploy new applications and services. By migrating to the cloud, businesses can improve their bottom line and become more efficient and agile.

Ceeview can help you with all aspects of your cloud journey – from planning to implementation and ongoing management.

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Get in touch to find out more about how we can help you migrate to the cloud.

Ceeview will be attending Expo Skullerud Park on 9th. June

At the event, we will be presenting our latest product lineup, Cost Control, which has helped our customers reduce their cloud costs by more than 50%.

We look forward to meeting with everyone at Olaf Helsetsvei 5, 0694 Oslo, Norway

4 Ways to Perform Effective Azure Cost Management

Azure is a cloud platform from Microsoft with numerous services designed to enable companies to operate efficiently, get solutions to problems and create great products.

azure cost management

Different applications and services available in the Azure portal have improved many businesses.

The beauty of these applications is that Azure customers can quickly adopt them without worrying about their efficiency. The applications in the Azure portal adopt high levels of security restrictions in that it is almost impossible for their security to be breached. Therefore, organizations can embrace them and not worry about their crucial data falling into the hands of malicious parties.

Organizations are adopting public clouds to manage workloads and at the same time improve performance. They get to reduce the overhead and costs used to run the organization’s assets.  

However, they might lose track of the number of resources used to make these improvements and might end up running up unnecessary expenses. Therefore, a solution for managing Azure costs is critical. 

This article will define cost management, its benefits, a few factors affecting Azure cost management, and what you should look for in an Azure cost management solution.

What Exactly is Cost Management

Cloud cost management is organizational planning that enables businesses to understand and manage the costs associated with their cloud technology. In short, it’s simply finding cost-effective and efficient ways to use the cloud.

Cost management in an organization should start before the actual expenditures on cloud resources. For successful optimization and implementation of costs, organizations should be ready to adopt the following;

  • Cost accountability.
  • Be prepared with the right tools.
  • Take actionable steps to optimize spending.

However, organizations cannot take the above steps without key parties working together. So to ensure successful allocation and management of costs and resources in an organization, the key parties that need to work together are;

  • Finance department – This department is responsible for approving budget requests that depend on forecasts and previous analysis. The department is also responsible for budget allocation accountability.
  • Top-Tier managers – They are the primary decision-makers in the company. They are responsible for analyzing the reports from the cloud and coming up with decisions on what adjustments should be made and what and where resources should be allocated.
  • IT department – IT personnel manage resources on a daily basis. They develop services to meet the organization’s needs. They need the utmost flexibility to meet the set target.

Benefits of Cost Management

Organizations can get plenty of benefits from doing Azure cost management. What are these benefits?

Saving Money and Time

When using the cloud, many system administrators tend to use the best cloud resources, e.g., highly provisioned VMs. While it’s good to work with the best tools, most times, they come at a premium cost and are quite pricey.

However, with Azure, cost management organizations can manage and reduce costs on these resources.

In addition, they get to save time that would have otherwise been wasted.

Gain Operational Efficiency

When cost management is done, you learn which factors and activities are costing you money, optimizing Azure costs accordingly. This helps your organization be more efficient and reduce costs by saving resources.

Gain Visibility

When you do a cost management audit, you learn about your operations and how everything works. This is very important since you get to see any money pits in your system, and you can take proactive steps to fix the problem.

Allocate Budget Accurately

You can easily plan and set budgets without worrying that you have left out some part of your operation. When performing a cost-management analysis, you can eliminate shared resources and untagged costs from your accounting structure. This gives you an accurate view of your cost centers and business and reduces your overall spending on the cloud.

Your finance teams can analyze the billing data and optimize resource usage with the information. The financial information on cloud use can also help you negotiate pricing with some cloud providers enabling you to get discounts.

Factors Affecting Azure Cost Management

Lack of Visibility

It’s easy to get higher overall costs when you don’t have the whole picture of your Azure costs. You may have forgotten to remove instances that you no longer use, and as a result, you might still be being charged even if you are not using the instances.

This is why you need a cost management solution with a dashboard that clearly shows you;

  • Your cost and usage data.
  • Resources that you’re getting charged for.

Improper Provisioning 

Provisioning means allocating resources, e.g., Azure virtual machine. When you overestimate or underestimate the costs of your cloud needs, you get higher and higher costs. Also, if you underestimate your cloud needs, you’ll end up using resources that are underpowered, and as a result, your cloud services will have a poor user experience.

In the case of over-provisioning, you find that you only use a fraction of the resources that you’re paying for. You’ll still have to pay for the idle resources, which will add unnecessary costs.

Poor Application Architecture Design

You may have cloud applications that are poorly designed cloud-based platforms. This means that some developers create cloud applications that use certain cloud widgets, which may end up costing you thousands of dollars.

Not every developer understands that high Azure costs are an issue to businesses. So having expert developers who understand the costs associated with specific application features is a blessing.

Lack of Accountability

If you don’t have someone responsible for managing Azure services, you won’t have anyone to blame when someone buys expensive resources. This will directly affect your Azure costs and even security since sensitive data can be leaked or stolen.

Approach Towards Policies and Methodologies 

Your cloud cost optimization efforts may be fruitless when you have different departments that aren’t aligned with your Azure cost management plan.

The teams may be following their method for managing resources leading to high Azure costs.

Billing Complexity

The Azure portal may be challenging to maneuver, and this might be a stumbling block when you get your Azure billing. It might be tricky to understand the invoices sent by Azure.

Azure may have provided you with an invoice with a lot of services. If you don’t understand your bill, you won’t know which resources you’re billed for. Companies waste 30% of their money on Azure costs.

What to Look for in Azure Cost Management Tools

Automated Reporting

Automated reporting shows all the information that’s required for your Azure account. You need a tool that automatically sends reports based on a set of parameters such as a time frame, i.e., monthly reports. This will help you remember your bills and how much you are spending.

Predictive Cost Analysis and Forecasts

A solution that predicts your future Azure cost will greatly help you in Azure cost management. In addition, cost analysis shows you where you are using your cloud technology and what types of Azure services you are using. 

This means that the Azure cost management tool gives you the advantage of forecasting how much money you will spend in the next week or month.

Budgets Status; Subscriptions, Services, and Instances

In addition, your Azure cost management solution should have the ability to show you how much money of your budget you’ve used, the Azure services that you’re currently using, and the Azure resources, e.g., instances that you’re using. You will have a comprehensive view of your Azure cost enabling you to keep your Azure bill to a minimum.

Notification in Case of Overspend and Budget Breach

Not being aware that you’ve spent your whole budget is a recipe for disaster. A good Azure cost management solution will have the necessary ability to notify you whenever you breach your set budget.

Cost Management Strategies

Which Azure cost management strategies should you adopt to reduce your Azure spending?

Deploying Monitoring and Alert Tools

Monitoring tools are cloud tools that track critical resources and infrastructure. They can quickly detect problems in your cloud configurations and send alerts to help you get back on track. You should ensure that you deploy monitoring tools to always be on top of your resources.

Tagging

Tagging is using labels for categories in your resources. Using tagging, you can assign labels for specific purposes or applications to help you better manage the resources and know exactly which resources cost the most.

Tagging helps you in two ways, it helps you during your cloud governance and enables you to associate resources with costs.

Right-Sizing

Most organizations fail to do Azure cost management because they favor speed and performance over cost; this leads to high cloud spending due to oversized instances and Azure resources.

Right-sizing is the process of matching resources, e.g., instance types, to your workload performance using the lowest possible cost. You simply analyze your cloud performance and user needs and then right-size instances that are overprovisioned.

According to Gartner, right-sizing can help reduce your cloud costs. In some instances, e.g., changing resources that are poorly matched to your workload, right-sizing may end up improving your cloud performance.

Since your Azure resources change frequently, right-sizing should be an ongoing process to achieve cost optimization continually. To simplify Azure cost management, you should establish a right-sizing schedule for each team or department.

Removing Underutilized Resources

Removing unused instances is the easiest way to optimize Azure costs. Cloud administrators usually forget to remove these instances after using them in their duties. If it happens often, the unused instances tend to pile up and end up costing your company money. Azure costs skyrocket since you end up paying for instances you’re not using.

Organizations and Cost Management

Now that you’ve understood how to do Azure cost management, how can your organization take advantage of cost management to improve its performance, reduce Azure costs and be more efficient with its use of Azure?

Building a Culture of Cost Awareness

Building a culture in your organization involves creating a mindset that looks for value on an ongoing basis. This means that you need to change your employee’s attitudes. They should view company spending as if it’s their own money. 

Once you’ve succeeded in doing this, your company’s focus will go beyond price reduction to generate value for the cloud services purchased.

You can create the culture via;

  • Creating a communicated cost vision that’s transparent and actionable.
  • Setting cloud cost targets.
  • Creating an organizational structure with clear accountability and decision process.
  • Ensuring your top management lead the way by demonstrating a commitment to reducing cloud cost.

Intelligent Procurement of Cloud Service Through Visualizing cost

Visualizing costs makes it easier for those allocating resources to understand Azure costs and usage, helping them avoid surprises and drive accountability. 

Visualizing through intuitive dashboards helps in three significant ways; 

  • Those responsible for allocating resources use data to draw conclusions suited for the business. 
  • Using intuitive dashboards helps notify users when they are close to a budget overrun or an abnormal increase in expenditure.
  • Finally, visualizing via intuitive dashboards that show the running and projected costs is a good way to stay on top of your Azure cloud costs.

Get Started with Cost Management

Azure cost management doesn’t have to be complicated. You only need to know how to reduce your Azure cost. 

In summary, this article has covered the benefits of Azure cost management, which include helping your organization save money and time and improving operational efficiency.

The factors that affect Azure costs include a lack of visibility, billing complexity making it hard for users to understand pricing, and a lack of accountability.

When doing Azure cost management, you should use solutions such as automated reporting, predictive cost analysis, and notification to help you learn about your accumulated costs and cloud spending.

Finally, some strategies to reduce cloud spending include deploying monitoring and alert tools, tagging, and right-sizing.

Are you looking to get an Azure cost management solution? Ceeview is a cost management solution that does cost analysis and allows you to save money on your Azure cloud. Ceeview can help you do the following; monitor cloud spending, monitor and optimize resource costs, cost forecasting, and health monitoring. Do you want to save money on your Azure cloud?

FAQs

What Is Cloud Cost Management and its Benefits?

Cloud cost management is organizational planning that lets businesses find cost-effective ways to use the cloud. Its main benefits are; saving money and time and allocating the budget accurately.

What Factors Affect Azure Cost Management?

Cost management is affected by internal factors such as lack of visibility and improper provisioning of cloud resources. It’s also caused by external factors such as Azure clouds billing complexity.

What Should you Look for in Azure Cost Management Tools?

The best cost management tools should have automated reporting, cost analysis and forecasts, budgets status, and notifications in overspending and budget breach.

What are the Best Azure Cost Management Strategies?

The best strategies are; deploying monitoring and alert tools, tagging, right-sizing, and removing underutilized resources. You don’t have to spend lots of time managing your Azure costs.

How Can Ceeview Help in Effective Azure Cost Management?

Ceeview is a cloud monitoring solution that helps you monitor and optimize cloud costs. It also provides you with cost forecasting, which allows you to know how much you are expected to spend on resources monthly or yearly.

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8 Guaranteed Strategies That Will Help You Optimize Your Cloud Cost Management

Cloud cost management is growing in popularity. According to Gartner, worldwide end-user spending on public cloud services is predicted to grow 23.1% in 2021. More businesses are expected to move their operations to the cloud. 

And for good reason, cloud providers are adding more functionality to their cloud platforms. They have made moving to the cloud cheaper and more efficient. IDC has shown how the spending on traditional IT infrastructure has reduced since 2019 and is predicted to continue reducing through 2024. In contrast, spending on both private and public cloud has increased.

When organizations move to the cloud, they get many benefits, including efficiency, better performance, and decreased costs (more on benefits later). However, to realize the benefits – especially cost benefits, cloud users and organizations need to make sure that they use cloud resources wisely. Many organizations are spending a lot of money on resources that they don’t use. Forbes magazine estimates that at least 30% of cloud spend is wasted.

In this blog, you will learn about cloud cost management. The blog will show you what causes high costs and 8 ways to reduce cloud costs in the lower sections.

What Is Cloud Cost Management?

Cloud cost management is systematic planning that organizations use to understand and manage the costs of cloud technology. Thus, it’s a way of finding cost-effective ways to maximize cloud efficiency and reduce cloud spend.
Since cloud infrastructure is becoming increasingly more complex, the pay-for-what-you-use model is challenging to track. Therefore, cloud cost management is critical. When implemented correctly, it can result in significant savings.

Advantages Of Cloud Cost Management

Decreased Costs

Decreased costs are the first advantage that you’ll notice once you start doing cloud management. How does this happen? By closely managing your cloud spend, you avoid overspending on cloud resources. Overspending is a critical issue affecting companies globally. Gartner estimates that companies unaware of the mistakes made in their cloud adoption will overspend by 20 to 50%.

When purchasing cloud resources, you get discounts based on pre-payment or volume; this is another way you save money.

Predictability

Businesses can estimate their cloud spend and thus plan their budget. Cloud cost management helps businesses prepare and plan for the future. A business that correctly forecasts its cloud computing needs has a clear advantage over its competitors.

Efficiency

Businesses that look closely at their cloud spending can reduce their spending and increase their efficiency. How? They can reduce resource waste and take advantage of cloud technologies that enhance efficiency, e.g., load balancing and automatic scaling (more on this later).

Better Performance

When organizations take advantage of cloud cost management, they should take great care when choosing cloud resources. They should only choose resources that are the right fit for the needs of the organization. This is a cost management tactic called right-sizing (more on this later). 

Overprovisioning – which means getting very powerful cloud resources, should be avoided because it means overpaying. On the other hand, under-provisioning means getting less powerful cloud resources, which can cause performance to suffer. There is a delicate balance between the two. With careful planning and right-sizing, businesses get smooth performance without increasing their cloud costs.

Visibility

Cloud cost management will help your organization get more visibility into its internal workings. Why? Because It’s impossible to practice good cloud cost management without detailed visibility into your organization’s cloud usage and cloud architecture. This visibility will help you in other areas, e.g., governance and security—a perfect win-win situation.

Factors That Contribute To High Cloud Costs

Unplanned Migration

Most businesses don’t want to be left behind by their competitors. They will want to migrate to the cloud when they see their competitors doing the same. They may not be ready to move to the cloud leading to an expensive learning experience. 

To combat this, organizations should make sure that they have a plan that clearly outlines the impact and cost of moving to the cloud. Next, they should compare the cost of the cloud with on-premises operations.

Misconfiguration Mistakes

Organizations that sign up for cloud services need to know the pros and cons of each configuration of their choice of resources. 

Otherwise, they find that they may implement a certain configuration only for it to become more expensive than expected. Gartner estimates that 80% of companies unaware of the mistakes made in their cloud adoption will overspend by 20 to 50%.

When migrating to the cloud, always make sure that every bit of data that’s transferred or stored is taken into account.

Types of Resources

Depending on your needs, cloud resources such as compute power, storage amount, memory and network traffic could be costly.

Cloud Cost Optimization Strategies

  1. Describe the Problem

First, you need to understand where the issue is. This means describing the general nature of the problem, the negative impacts, and how it comes about.

When describing the problem, focus on the primary issue, which is wasteful cloud spending. Next, focus on the resulting secondary issue that excessive cloud use is causing to the environment.

You should also understand where cloud waste happens in the organization. This means drilling down to specific departments, groups, and roles to find out who is responsible.

  1. Create Organizational Strategies

After defining the problem, create a strategy that outlines precisely what you plan to do and what you will do. The strategy should include solid steps such as creating budgets and setting policies around cloud usage.

  1. Deploy Monitoring and Notification Tools

You need to take advantage of cloud monitoring tools. These monitoring and notification tools help you to know when something is going wrong. Depending on your provider, you can get notified when something is about to go wrong or when it’s happening.

Notification tools may notify you;

  • When you exceed your monthly spending limit
  • When you violate policies
  • When you infringe on security policies
  • On the number of resources remaining (e.g., instances and storage) after a certain period.
  1. Automatic Scaling

As mentioned earlier, automatic scaling lets enterprises use more resources when the need arises and fewer resources when demand is low. 

It’s a sure way to reduce cloud expenses since you’ll only be using more resources when it calls for them instead of constantly using them.

  1. Power Scheduling

Power scheduling lets you shut down instances that are not used 24/7. You could shut down Non-essential instances during the weekends or overnight. This option is much cheaper than running them constantly.

  1. Removing Unused Resources

Removing unused or unattached resources is one of the easiest methods to reduce your cloud costs. Unused resources are usually created by R&D department teams who initiate cloud usage then forget to terminate it once they are done with it.

Another cause may be that the administrator may terminate instances and forget to remove storage attached to those instances. The organization ends up being billed for resources that they once purchased but are not using. 

  1. Right-sizing

Right-sizing involves analyzing instance performance and your usage needs. Using the information from the analysis, you turn off idle instances and remove overprovisioned or under-provisioned instances. 

As mentioned earlier, right-sizing helps you get the right instance for your needs, saving you money in the process.

  1. Billing From One Account

Having one account billed by your cloud provider makes it easier to catch errors and easily track your cloud spend instead of having multiple accounts. Also, when using one account, you can take advantage of discounts given by cloud providers.

How Ceeview Can Help in Effective Cost Management

Monitor Cloud Costs

Moving your business into the cloud results in many advantages. However, one of the biggest challenges is finding a simple and intuitive way of controlling your cloud costs. The pay-as-you-go model used by cloud providers is complex, and cloud cost and resource usage can be hard to control.

However, with the Ceeview cloud monitor, you will always be in control of your cloud cost. How? Because Ceeview is built to address the complexity of managing cloud costs in multi-cloud environments. You get to control your costs easily using out-of-the-box dashboards with aggregated cost and cloud health data. 

For those in need of comprehensive analyses, there is drill-down functionality into insightful dashboards and reports with detailed information. 

Ceeview cloud monitor will also notify you of potential cost savings.

Monitor and Optimize Resource Costs

As mentioned in the cloud cost optimization strategy earlier, monitoring idle instances is key to reducing cloud costs. 

Ceeview helps you by monitoring resource usage to detect underutilized and idle instances. You then have the option to remove or disable these idle resources.

Cost Forecasting

You can now easily plan your budget with no worries since the Ceeview cloud cost forecasting feature helps you easily predict future costs on a monthly or yearly basis.

Health Monitoring

With Ceeview, you get notifications of your cloud health environment. This helps you to always know your cloud performance. Your clients get a better user experience since there’s no service disruption.

Root Cause Analyses

When your cloud runs into performance issues, Ceeviews root cause analyses will help you know and understand why the issue happened and where it came from. 

Ceeview will also give you a detailed event analysis.

Multi-Tenant Support

Ceeview can help enterprises and managed service providers (MSPs) to manage their customers and divisions.

Multi-cloud Support

Ceeview supports major cloud providers such as Amazon AWS and Microsoft Azure. To learn more about Ceeviews Cloud Cost Monitoring and Optimization, read the detailed features here.

FAQs

What are the Advantages Of Cloud Cost Management?

The advantages of Cloud Cost Management are; Decreased Costs, Predictability, Efficiency, Better Performance and Visibility – It’s impossible to practice good cloud cost management without detailed visibility into your organization’s cloud usage and cloud architecture.

What Factors Contribute To High Cloud Costs?

The factors contributing to high cloud costs are;
1. Unplanned Migration – Most businesses want to migrate to the cloud when they’re not ready.
2. Misconfiguration Mistakes – Organizations need to know the pros and cons of each configuration of their choice of resources.
3. Types of Resources

How can I Optimize Cloud Costs?

You can optimize Cloud Costs by;
1. Describe the Problem
2. Create Organizational Strategies
3. Deploy Monitoring and Notification Tools
4. Use Automatic Scaling
5. Use Power Scheduling
6. Remove Unused Resources
7. Use Right-sizing
8. Do Billing From One Account

How Can Ceeview Help in Effective Cost Management?

Ceeview can help increase cost management effectivity in the following ways; Monitor Cloud Costs, Monitor and Optimize Resource Costs, Cost Forecasting, Health Monitoring, Root Cause Analyses and Ceeview Helps Managed Service Providers (MSPs) to Manage Their Customers in addition to supporting most of the Major Cloud Platforms

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8 Easy Methods of Doing Cloud Cost Monitoring And Optimization

The cloud offers businesses unlimited scalability and lower costs by only charging for the resources used. Despite this advantage, many organizations still find the cloud costly since they use a lot of cloud resources without utilizing them properly. 

cloud cost monitoring

Using cloud resources might seem cheap. However, if you take a step back and look at the total amount of money you’ve spent, it might shock you, especially if your business relies heavily on the cloud. 

Therefore, you need to make sure that you properly utilize every dollar you spend. That’s why it’s imperative for businesses and organizations to do effective cloud cost monitoring and optimization.

This article is divided into three major parts; you are going to learn;

  • How you can use machine learning for cloud cost monitoring
  • The benefits of cloud cost management
  • Easy methods you can use to do cloud cost monitoring and optimization

What is Cloud Cost Monitoring?

Cloud cost monitoring is simply understanding and managing your organization’s cloud costs. It helps you to maximize your cloud usage while minimizing cloud spend.

Using Machine Learning For Cloud Cost Management

Machine Learning - Ceeview.com

The Artificial Intelligence (AI) and Machine Learning (ML) field is still growing. However, this hasn’t prevented cloud vendors from using AI in cloud cost optimization. Some cloud providers and vendors use AI tools that scan cloud workloads to identify spikes in cloud usage and their causes.

Cloud vendors use ML when they want to improve anomaly detection. ML helps remove all the guesswork and presents more relevant results.

ML and AI tools work in the background and help identify anomalies that drive your cloud costs up. 

A good example of an AI application is a tool that alerts a cloud administrator when they set a configuration that can drive up the company’s bill.

Using AI and ML models that do real-time application resource management can be constructed. These models can simultaneously optimize performance, compliance, and cost. Cloud vendors can analyze cloud-generated data to predict scaling demands and future resource demands.

Benefits Of Cloud Cost Monitoring

Accurate Budget Allocation

Cost monitoring enables you to create an accurate budget. With the right monitoring tools, you get a comprehensive overview of your budget when monitoring and optimizing your cloud costs. This lets you see the precise information coming from your business units, products, and cost centers. With this information in your hands, you can easily and accurately plan your resources and budget allocation.

Accountability

Accountability is transparency that allows people to take ownership of their activities and their activities’ impact.

In cloud cost management, a lack of accountability is due to the absence of structure and tools to monitor activities and costs in the cloud.

Cloud cost monitoring encourages team members to know and be focused on their roles. When cost monitoring is implemented, every team member learns to be accountable and responsible for all they do in the cloud.

Easy Ways To Do Cloud Cost Monitoring

  1. In-depth Analysis Of Your Infrastructure

The first thing you need to do is to perform a serious analysis of your cloud infrastructure. This means knowing how many instances, networks, software, and storage devices you are using. Once you understand your infrastructure, you get an idea of the resources at your disposal.

  1. Cloud Resources Visibility

After the analysis, you need to have accurate information about every instance and virtual machine you have. This helps you in many ways. Documenting all your resources lets you know what you’re being billed for.

  1. Cost Analytics

You need to know what you are spending and what you’re spending it on. Using analytics, you should track your usage patterns and trends. This means having all the information in the form of graphs and reports. When it comes to analytics, the more data you have, the better it is to help you make informed decisions.

  1. Policy-Based Governance

Nowadays, all cloud providers have effective policy-based governance tools that can help you track cloud usage and costs. Furthermore, they can send notifications to cloud administrators when the account exceeds its specified limits. 

These policy-based governance tools handle huge workloads by upgrading instances temporarily and shutting down instances and virtual machines automatically when not in use.

Take advantage of these tools by using policies to terminate servers created to handle the massive workloads temporarily. You can also right-size instances and remove unused and underutilized resources to avoid waste.

In summary, policy-based governance lets you use metadata, custom tags, etc., to define a set of rules that lead to improved cost management.

  1. Budgets

You need to define a cloud budget. This budget should be for departments, cost centers, and projects. You can then ensure that there is an approval mechanism to avoid cloud cost overrun. The mechanism sends alerts when the budget limit is overrun. 

Having a clear budget helps departments be accountable for their cloud usage and limit resource use.

  1. Role-Based Access

Set an enterprise-wide mechanism that clearly defines permissions and accessibility rules. Afterward, you can permit users to manage the infrastructure actively. With role-based access, you can quickly identify who launched, terminated, or changed infrastructure. And what they did to take corrective action and control costs.

  1. Controlled Stack Templates

Stack templates are cloud resources that are used as a single unit. Predefined/controlled stack templates are cloud resources whose rules or configurations have been adapted to the administrator’s specifications. 

Administrators can add security, network, and instance configurations. This makes the process of deploying instances faster and ensures only specific resources are deployed.

Having predefined stack templates makes it much harder for users to create configurations that drive up costs.

  1. Automated Alerts and Notifications

Automated alerts help you to stay on top of day-to-day changes in your cloud environment. Furthermore, they allow you to make critical decisions.

You should make sure that you share reports with details on cost, usage, and performance with stakeholders and team members. These reports should also detail budget overruns, cost spikes, and untagged infrastructure. Sharing your alerts and notifications results in increased visibility and accountability from your team.

How Ceeview Can Help You Perform Cloud Cost Monitoring And Optimization

Ceeview Cloud Cost Monitoring

Ceeview is a Digital Monitoring Platform that offers you a simple way to monitor cloud costs and budgets. 

Some other features that complement cloud cost monitoring include;

Avoiding Budget Overrun

This feature helps your finance department to avoid surprises and unexpected cost overruns. Ceeview monitors cloud spending and sends you notifications that tell you when you’ve reached the limits of your budget.

Cost Forecasting

Using the power of analytics, Ceeview gives you the power to predict your future cloud costs. You don’t need to use any other analytics platforms. Ceeview will handle cost forecasting for you on a monthly and yearly basis.

Dashboards

Featuring one of the best and simple dashboards in service management, Ceeview enables you to get a complete insight into the cost performance of your cloud environment at a glance.

Cloud Cost Optimization

In addition to cost monitoring, Ceeview will help you know which areas can be adjusted to optimize your cloud costs.

Cloud Savings Potential and Reports

Ceeview lets you know how much you can save on your cloud bills and gives you detailed reports about how much you have saved.

Root Cause Analyses

With Ceeview, you will always know what caused your cloud costs to spike and how you can stop it. Ceeview breaks down the costs giving you the best analysis to let you make informed decisions.You can get more detailed information about Ceeviews Cloud Cost Monitoring and Optimization capabilities here.

Cloud Cost Monitoring FAQ

Can Machine Learning Be Used for Cloud Cost Management?

Yes, some cloud vendors already use Artificial Intelligence (AI) and Machine Learning (ML) tools. They use AI tools to scan cloud workloads and identify spikes in cloud usage and their causes, while ML is used to improve anomaly detection.

What Are the Benefits of Cloud Cost Monitoring

Accurate Budget Allocation – The tools give you an overview of your costs, enabling you to plan your budget accurately.
Accountability – Team members learn about cloud costs which helps them be responsible when using cloud resources.

What Are Easy Ways to Do Cloud Cost Monitoring?

Perform analysis of your infrastructure
Document all your Cloud resources visibility
Use Cost analytics
Using Policy-based governance tools
Specify Budgets
Ensuring that’s there’s Role-based access
Using predefined/Controlled stack templates
Using Automated alerts and notifications

How Can Ceeview Help You Perform Cloud Cost Monitoring and Optimization?

Ceeview has a cloud cost monitoring tool that helps you avoid budget overrun. It has a user-friendly dashboard that shows you your cloud costs and savings potential. Furthermore, Ceeview has a cost forecasting and optimization feature.

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Lower your bills with Ceeview Cloud Cost Optimization & Monitoring

The Ceeview Cloud Monitor gathers and visualizes the overall cost and performance of your Cloud environment.
Helped by intuitive dashboards, managers and personnel responsible for budgets will gain immediate insights into the cloud cost status.

Challenges moving to the Cloud

“Operating your IT estate is fundamentally different in the cloud. The traditional model of managing capacity by purchasing and running physical hardware doesn’t work. Instead, you must continuously manage consumption, capacity, performance, and crucially – cost. It requires a very different skill set as well as new operational functions.” Source: Accenture (May 2021)

Stine Glibstrup

Stine Glibstrup
Manager SME, Proff

“With Ceeview Cloud Monitor, we managed to reduce
our cloud costs by 45% in 3 months”

Cloud Cost Optimization & Monitoring

Ceeview is built to address the complexity of managing cloud cost in multi-cloud environments. It provides out-of-the-box dashboards with aggregated cost, security, and cloud health data for managers and customers. For those in need of comprehensive analyses there are drill down functionality into insightful dashboards and reports with detailed information. You will be notified if there are cost or security issues and you will have access to a list of recommendations for cost savings and security concerns. It help maintain reliable, secure, and cost-efficient cloud solutions.

Features

  • Predictive cost analysis and forecasts.
  • Estimate of potential Cloud cost savings.
  • Detailed list of recommendations for cost savings.
  • Forecast of monthly and annual costs.
  • Complete overview of total accrued costs.
  • Health monitoring of Cloud infrastructure.
  • Budgets status; subscriptions, services, and instances.
  • Visualize workload owners the cost they are accountable for.
  • Notification in case of overspend and budget breach.
  • Overview of inactive, underused and idle cloud resources.
  • Monitor and visualize Key Performance Indicators (KPIs).
  • Governance and Security compliance score.
  • Drill-down for cost analyses.
  • Role-based dashboards .
  • Automated Reporting.
  • Multi-tenant support.
  • Support Amazon AWS, Microsoft Azure and Google Cloud platforms.

In addition to cloud cost optimization, Ceeview gives you full visibility into your cloud-based Services, Applications, Infrastructure and SLAs. Ceeview allows you to monitor the Cloud environment for optimal performance and availability with drill-down into each of these areas.

Don’t waste your money – manage and control your cost

Cloud overspending

20-50% Cloud budget overspend

Companies that are unaware of the mistakes made in their cloud adoption will overspend by 20 to 50%. Source: Gartner. Worldwide end-user spending on public cloud services is forecasted to grow 47.2% between 2020 and 2022, reaching $397,496 millions USD in 2022. Source: Gartner. When companies incur such an increase in costs, they have little choice but to meet the expectations they implicitly create.

Wasted Cloud Spend

30-40% of cloud spend is wasted

What makes it even more important to control and optimize your cloud cost is that there is an estimated 30% of cloud spend that is wasted according to Forbes Magazine. Other market watchers, such as Accenture, put the rate of waste closer to 40% (Container Journal).

Start reducing your cloud bill with Ceeview

Svein Roger Bergsli

Svein Roger Bergsli
President & CEO Wspace

“By use of Ceeview Cloud Monitor, we typically cut our clients cloud bill with an average of 20-40% within 3-4 months.”

Ceeview Cloud Cost Monitor Optimization
  • Take control of your cloud spend and budgeting
  • Don’t waste money
  • Dive in to see where money is spent
  • Visualize cost for those spending it – make them accountable

Free trial – 30 days

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Gain visibility of your cloud costs and start saving money now. Ceeview Cloud Monitor is easy to set up with no integrations or installations required.