Monitor and optimize your cloud spend with budget tracking, usage analysis, and right-sizing.
The process of tracking and optimizing cloud usage and expenses to reduce costs and maximize value.
Cloud-based AI/ML workloads can be resource-intensive and costly. This use case provides businesses with detailed visibility into AI/ML-specific cloud costs (e.g., GPUs, storage, compute). By identifying inefficiencies, over-provisioning, and usage patterns, it helps optimize spending without compromising performance or scalability.
Suitable for digital native companies for whom cloud spend is a critical part of their cost of goods sold (COGS) and where decision-making is closer to the engineering side. The focus is on tracking unit costs and providing granular insights into cloud usage, enabling better cost control and allocation across various teams and projects.
This use case provides continuous, real-time monitoring of cloud spending across services. By setting up custom thresholds and receiving instant alerts, organizations can identify unexpected cost increases or usage spikes immediately and take corrective action to stay within budget.
Establish a "Cloud Center of Excellence" by adopting Cloud Financial Management and FinOps principles. The focus is on optimizing cloud costs, allocating resources efficiently, and managing budgets effectively, all while promoting best practices for cloud financial management.
As organizations increasingly adopt multi-cloud strategies, this use case helps manage cloud expenses across various platforms (e.g., AWS, Azure, Google Cloud). It provides visibility, cost allocation, and optimization recommendations to help businesses make informed decisions, reduce spend, and avoid over-provisioning.
Designed for enterprises with multiple departments or teams, this use case provides a clear view of cloud cost allocation and chargeback. It enables organizations to track and assign cloud expenses based on usage by specific teams, projects, or departments, ensuring that financial accountability is maintained.
Organizations that heavily utilize Kubernetes in their infrastructure have unique cloud cost management needs. Get specialized tools and features to monitor and manage costs associated with Kubernetes deployments, helping your business optimize resource allocation and identify cost-saving opportunities in containerized environments.
Designed for organizations that require a simple, turnkey solution for monitoring their cloud expenses. It offers minimal setup requirements and sends streamlined reports to email or communication channels like Slack. These tools help with cost efficiency, managing cloud usage, and tracking monthly costs, while notifying users of any spending thresholds that are crossed.
Here is a comprehensive Cloud Cost Management requirements checklist you can use to further define your use case.
Provides a safe and secure way to reliably pull cloud cost information and container telemetry.
Must provide the reporting and modeling tools that FP&A needs for forecasting and accounting of cloud spend.
Provides ready-made connectors for pulling in various application telemetry data, including logs, metrics, traces, and events, for cloud cost analysis.
Must be competitively priced for the expected level of adoption of the tool and the projected growth in cloud spend.
Provides ready-made connectors for pulling and pushing event and cost data from/to the CI/CD pipeline.
Must meet compliance requirements for the relevant industry or regulatory standards.
Provides the standard enterprise features for limiting access to the application to specific groups of users and more secure authentication methods.
Detects waste and leverages machine learning technology to map, predict, and manage cloud compute costs efficiently across instances and discount plans.
Detects waste and leverages machine learning technology to map, predict, and manage cloud storage costs efficiently across disks, volumes, buckets, etc.
Provides ready-made connectors for pushing to various general or point solutions for alerting, communication, and incident management.
Monitors all cloud platform spend with near-limitless possibilities for slicing and dicing the data to troubleshoot cost issues.
Provides ways to automate chargeback and allocation of costs to business units/groups and monitor compliance with budgets.
Provides a suitable and seamless path to integration and a short time to start getting value out of the tool.
Must provide the same level of support for Kubernetes and container spend insights as other native cloud services.
Must monitor and/or optimize cloud spend across the cloud stack.
Provides a suite of tools to make business and engineering decisions based on marginal and average costs and ROI of cloud spend.
Must make it intuitive for developers to predict and understand their costs, and troubleshoot issues with minimal disruptions to their habitual workflow.
Here are some of the more popular Cloud Cost Management products.
Harness Cloud Cost Management delivers advanced tools for optimizing and controlling cloud expenses.
nOps provides comprehensive cloud management solutions for efficient and secure cloud operations.
Nutanix Cost Governance is a robust solution for optimizing cloud costs and ensuring governance.
Spot offers a comprehensive portfolio of cloud cost management and optimization services. Known for its advanced spot management solutions, it is a top choice for MSPs and seamlessly integrates with other Spot offerings. CloudCheckr, an integral part of the platform, is a comprehensive cloud management solution with a suite of tools that goes beyond cost and into security, governance and compliance. It is popular among mid-market and enterprise companies.
CloudForecast is an ideal solution for small teams and startups because it has affordable pricing and doesn't do too much. Setup up is turnkey and provides simple cost monitoring out-of-the-box with cloud spend reports delivered to email or Slack the next day.
Pump provides innovative billing solutions to streamline cloud cost management for businesses.
Antimetal is a comprehensive solution for managing cloud infrastructure securely.
VMware Tanzu CloudHealth is fit for enterprises looking to build a “Cloud Center of Excellence”. CloudHealth is the pioneer in cloud cost management services and one of the first to build a solution suitable for enterprises building multi-cloud.
Datadog Cloud Cost Management offers a comprehensive suite of tools for efficient cloud expenditure.
Usage AI is an effective point solution that delivers ROI through automated management of Reserved Instances and Savings Plans on AWS. It has an attractive pay-for-performance-like pricing model as well.
Zesty is a cloud cost optimization platform that uses machine learning to automatically adjust and rightsizes workloads across AWS, Azure, and Google Cloud.
Vantage has the most seamless onboarding experience in the market, and still comes with powerful filtering tools and cost insights delivered in a great design. If you're tired of pivoting tables with your cost data, this might be the tool for you.
Yotascale provides visibility into cloud spend with an engineering-first approach. Its sweet-spot is with companies that spend in excess of $1M per year and want to pivot away from the FP&A-oriented approaches of CloudHealth or Apptio Cloudability.
Finout is a FinOps platform for managing cloud costs and infrastructure efficiently.
CloudZero is focussed on the needs of digital native companies for whom cloud spend is a critical piece of COGS and where decision-making is closer to the engineering side. They also put a lot of emphasis on revealing unit and marginal costs.
CAST AI is a cutting-edge solution for intelligent cloud infrastructure management.
Owned by IBM, Kubecost is an open-source cloud cost management solution designed for teams heavily utilizing Kubernetes. Developed by the team behind Kubernetes, it now includes tracking of non-Kubernetes spend, providing comprehensive cost insights.
ProsperOps offers cloud cost optimization solutions with a focus on maximizing business value.
IBM Cloudability is fit for enterprises looking to build a “Cloud Center of Excellence”. The team behind Cloudability are also the main purveyors of the value of FinOps and that can be seen in the product.
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