Cloud computing constantly evolves, and businesses increasingly use cloud services to improve efficiency, innovation, and scalability. However, managing and optimizing cloud expenses can be challenging despite the cloud infrastructure’s ease of use and adaptability. Cloud-based businesses must prioritize profitability or enhance their offerings to remain competitive. This decision is ongoing and affects their success. To address this issue, cloud cost management tools have become crucial for businesses, providing them with efficiency, visibility, and control over their cloud expenses.
Cloud cost management tools offer valuable insights into resource utilization, expenditure patterns, and optimization potential, guiding the complex world of cloud finances. Comprehensive analytics, budgetary capabilities, and proactive monitoring help businesses align their cloud expenses with their objectives and reduce the risk of unexpected financial crises.
Top 10 Cloud Cost Management Tools
When selecting a tool, it’s essential to consider your workloads, usage trends, and infrastructure. The right tool can streamline workflows and integrate seamlessly into your operations. Here are the top 10 cloud cost management tools:
1. nOps
nOps is a product that uses AI to automate FinOps, helping AWS customers save up to 50% on their expenses. nOps removes the financial risk and guarantees you pay less for your consumption. You only have to pay if you save money with nOps, as its fees are determined based on a percentage of your savings.
nOps offers a range of options that can be customized with resources and tools. With easy-to-use connectors and time-saving automation, nOps makes it simple and quick for engineers to take action.
2. AWS CloudWatch
CloudWatch is a tool that Amazon Web Services (AWS) provides tomonitor and observe AWS apps and resources. With CloudWatch, people can easily monitor their AWS apps and resources’ health, resource use, and performance. It offers many valuable features, including customized dashboards, alerts and notifications, automated resource scaling, debugging, and more.
3. Densify
Densify simplifies and automates Kubernetes resource optimization and cloud instance configuration. It includes Intel Cost Optimizer, powered by Densify, and offers a license subscription to qualifying organizations. Densify matches cloud applications and services with the most appropriate cloud infrastructure. This is achieved by carefully analyzing the workload characteristics and cloud providers’ capabilities using machine learning. Densify is also highly adaptable and can work with various cloud services and hybrid and multi-cloud architectures.
4. Apache Cloudstack
Apache CloudStack is a cloud platform that helps manage virtual machines. It offers several services, including network-as-a-service, compute orchestration, and resource accounting. CloudStack has an intuitive interface and is scalable to meet business needs. However, setting up and maintaining it requires significant resources, making it difficult for beginners.
5. Spot by NetApp
Spot by NetApp is a platform that helps you set up and manage your cloud infrastructure and apps effectively, safely, and dependably. Formerly known as Spotinst and then Spot.io, it uses machine learning algorithms to analyze how you use cloud resources continuously. This way, it can automate workload management across multiple cloud providers and help you find ways to reduce costs by scaling workloads effectively and automatically.
6. CloudHealth
CloudHealth provides a unified interface for managing cloud expenses, utilization, security, and performance. The CloudHealth Partner Program uses the technology to help partners control cloud expenses, increase productivity, and profit from public cloud ventures. CloudHealth offers multi-cloud capabilities and a comprehensive toolkit to monitor, analyze, and optimize cloud infrastructure and expenses. However, some users suggest CloudHealth’s reporting features need more flexibility and detail.
7.CloudZero
CloudZero is a cloud cost management tool that analyzes expenses to help you understand where your cloud spends money. It tracks and assigns expenses to teams, clients, unit cost KPIs, and product features with automated tagging and Slack alerts. It offers real-time cost monitoring and coaching support for cost optimization planning across public, private, hybrid, and multi-cloud systems.
8. DataDog
Datadog is a tool that helps you monitor your DevOps stack. It collects metrics and events from your system and provides you with cost information along with resource-level context like CPU, memory, and requests. It enables you to take essential actions while managing your expenses.
The data is scoped to your services and applications, making it easy for data engineers to use.
9. CloudCheckr
CloudCheckr is a platform that offers end-to-end cloud management. It helps optimize cloud resources, maintain security and compliance, and reduce costs by providing insights and visibility. One of its unique features is Spot-centricity, which includes various Spot solutions such as Cloud Operations, Infrastructure, Containers, and Cloud Cost Optimization.
10. Flexera
Flexera is a cloud optimization and governance platform that helps businesses increase efficiency with cost rules, budget restrictions, and practical tips. Its automated capabilities enable companies to act on recommendations quickly, optimize cloud resources, and achieve cost savings.
Conclusion
Businesses should use cloud cost management tools to manage cloud computing costs effectively. Businesses can achieve efficient and scalable cloud operations with these technologies. Cloud cost management solutions and cloud managed services can streamline operations and improve financial control. By integrating these technologies with managed services, companies can take a comprehensive approach to cloud operations.