we created this Detailed guide Evaluate the best cloud cost management and optimization platforms and share some quick insights below. Some key dimensions to assess are:
Data integration and import:
Supports multiple cloud providers (AWS, Azure, GCP).
Comprehensive third-party API integration and high data scalability.
Data processing and SLA:
Instant or frequent data updates for timely decision-making.
Local data center integration.
Tags, reports and queries:
Granular tracking by tag (account, project, resource).
Original cost vs. amortized cost view and CSP credit differential.
Reports and Dashboards:
Customizable dimensions, filters and dashboards.
Schedule reports via email or collaboration tools like Slack.
Business acumen and cost analysis:
Industry benchmarks and unit economics.
Role-based access for building detailed reports and dashboards.
Resource and instance management:
Instant inventory and granular filtering of cloud assets.
Identify orphaned or underutilized resources.
Suggestions and optimizations:
Actionable insights for cost saving strategies (e.g. RI, Spot Instances).
Customizable policies for governance and anomaly detection.
Security and Governance:
Powerful access control (SSO, MFA, user roles).
Data isolation for business units.
Implementation and support:
SaaS or on-premises deployment elasticity.
Intuitive onboarding, alert configuration and query management.
Business model:
Transparent pricing models (user-based, spend-based, hybrid).
How to choose:
- Assign weights to dimensions based on your organization’s priorities.
- Platforms are rated out of 10 for each category, and a weighted average is calculated for objective comparison.
Why Cloudgov.ai stands out:
Comprehensive capabilities: Tailored to real-world FinOps challenges with a visionary roadmap.
Proven ROI: Trusted by companies across industries to maximize cloud cost savings and streamline operations.
Expert leadership: Built by former AWS leaders with deep cloud industry expertise.
Use this checklist to objectively evaluate your options and choose a platform that simplifies cloud financial operations, maximizes ROI, and ensures efficient cloud spend management.