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Couple of factors to consider: 1. First and foremost would be Insight into your Cloud environment (detailed inventory information)2. Cost split across various services being consumed3. Identification of wasted resources in the environment4. View into the utilization of existing resourcesLet me know if we can connect to discuss in detail regarding your requirement.
1. Rightsizing resources based on actual performance data. Compute and storage. PaaS tiering.
2. Software licensing/license mobility
3. Wasted resources (unattached storage)
4. Location. Are there cheaper regions that could be used?
5. Test/Dev. Power off when not needed. Are you wasting licenses when not required?
The solution must allow all the co-workers to understand the costs of their services, to put this in relation to the BV, to be alerted at the time of
a cost peak.
Disclosure: I work for CloudCheckr but here are my thoughts: Naturally, you want a solution that saves money by identifying unused and idle resources, rightsizing both up and down, and leveraging discount opportunities such as Reserved Instances, Savings Plans, etc. You might also want a tool that provides invoices, for chargeback or show back, with custom rates so you can capture and recoup costs from other departments.
But don't forget that Downtime and Security Breaches can cost far more than any wasteful resources. A good Cloud Management Platform will also make recommendations for, and in some cases automatically fix, security misconfigurations and high availability concerns.
What is the best cost management tool between the 3: