Cloud Cost Analysis Tools

Cloud Cost Analysis Tools

Many enterprises opt for cloud computing to eliminate the cost of building and maintaining on-premise IT infrastructures. The cloud service providers further enable enterprises to avail storage space and computational resources based on the pay-per-use pricing model. But the pricing model differs from one cloud platform to another. Likewise, each cloud service provider offers a varying discounting option to the subscribers.

The enterprises still need to monitor and analyze cloud cost consistently to avoid escalating online operation cost. There are a number of tools that help businesses to measure cloud cost based on data collected from various sources and analyze the information based on various operational metrics. The users can further simplify cloud cost analysis by generating elaborate reports.

Brief Overview of 7 Widely Used Cloud Cost Analysis Tools

1. Azure Cost Management

Despite being developed by a Microsoft subsidiary, Azure Cost Management supports three leading cloud platforms – Amazon Web Services (AWS), Microsoft Azure and Google Cloud. It is even designed with features to monitor cloud cost and improve cloud efficiency. The users can refer to a single management dashboard to gather important information like a number of cost entities, a number of running instances, and cost and usage trend for 30 days. Cloudyn further allows users to choose from two distinct edition of Azure Cost Management – enterprise and managed service/cloud solutions providers.

2. CloudVertical

CloudVertical can be downloaded from AWS marketplace through Software as a Service (SaaS) delivery model. The enterprise can use CloudVertical to track, manage, and reduce the cost of AWS services. The dashboard provided by the tool further enables users to monitor and analyze cloud cost in a simple, easy, and secure way. The enterprises can further use CloudVertical consistently to provide additional data to reports and analytics. They can even analyze cloud cost regularly by creating daily, weekly, or monthly reports.

3. CloudCheckr

The cloud cost management platform supports three major public cloud platforms – AWS, Azure and Google Cloud. CloudChekr helps users to monitor and analyze cloud resource utilization based on the summary and detailed usage statistics. At the same time, it makes it easier for users to monitor and analyze cloud cost by providing features for cost allocation, spends optimization, invoicing and chargeback. The reports generated and alerts sent by CloudChekr even helps enterprises to scale the cloud infrastructure on time without increasing cloud cost.

4. KnowYourCloud Analytics

Newvem has designed KnowYourCloud Analytics as a SaaS solution for AWS services. The tool leverages data analytics to improve cloud usage and analyze cloud cost. The features provided by KnowYourCloud Analytics even help AWS subscribers to get a 360-degree view of cloud resource usage. The meaningful insights generated based on AWS infrastructure further help users to identify the issues increasing cloud computing cost and keep cloud computing cost under control.

5. ParkMyCloud

ParkMyCloud aims to reduce cloud cost significantly using automated cost optimization. The administrators can use the tool to monitor cloud resource usage and cloud computing cost across multiple public cloud platforms. Also, they can leverage the feature provided by ParkMyCloud to save cloud cost by scheduling on and off time automatically. The unified dashboard provided by ParkMyCloud even enables users to see resources from multiple cloud platforms – AWS, Azure and Google Cloud. The users can further follow some simple steps to stop paying for idle cloud resources.

6. RightScale Cloud Analytics

The tool developed by RightScale provides insights into cloud spend through a cloud analytics solution. The enterprises can take advantage of Cloud Analytics to monitor cloud utilization and reduce overall cloud cost. They even have the option to compare the number of cloud resources consumed by individual applications and identify the applications that increase cloud spends. At the same time, the features provided by Cloud Analytics even help users to control cloud cost by implementing multi-cloud strategies for integrating multiple private and public clouds.

7. Metricly

The tool comes with features to simplify monitoring and management of AWS infrastructure. Metricly helps enterprises to improve and maintain AWS performance by sending multi-conditional alerts in advance. At the same time, it enables users to reduce AW bills significantly by recommending cost reports. Metricly is even designed with features to curtail overall AWS cost. It even allows users to create multiple AWS cost integrations by following a number of simple steps.

On the whole, an enterprise has the option to choose from an array of cloud cost analysis tools. It even ha option to choose from several editions of the same cloud cost analysis tool. But the users must remember that the cloud cost analysis tools differ from each other in many aspects. Hence, manager or administrators must compare these tools based on various criterions and parameters to monitor and analyze cloud cost efficiently.