Cloud FinOps products & tools are essential for enterprises to effectively manage, optimize, and control their cloud costs. They offer a plethora of benefits allowing organizations to make data-driven decisions, achieve cost savings, and maximize the value of their cloud investments. Let’s dig deep into some of its benefits.
What Are The Benefits of Cloud FinOps Tools?
1. Cost Optimization: They tell you where you can save.
Cloud FinOps tools help enterprises optimize their cloud spending by providing insights into usage patterns, identifying cost-saving opportunities, and enabling effective cost-management strategies. They allow to monitor and control cloud costs, avoid unnecessary expenses, and make informed decisions to optimize their cloud investments.
2. Financial Visibility: They break down your cloud spend.
Cloud FinOps tools offer financial visibility by providing detailed reports and analytics on cloud costs. They help enterprises understand their cloud spending across different services, business units, projects, or regions. This visibility enables better budgeting, forecasting, and cost allocation, empowering organizations to track and manage their cloud financials effectively.
3. Resource Efficiency: They show ways to leverage your cloud resources.
Cloud FinOps tools enable enterprises to optimize resource allocation and utilization. They help identify underutilized or idle resources, recommend rightsizing opportunities, and enable efficient scaling and provisioning of cloud resources. By optimizing resource usage, enterprises can eliminate wasteful spending and achieve better overall resource efficiency.
4. Cost Accountability: They turn cloud stakeholders financially accountable.
Cloud FinOps tools facilitate cost accountability by providing cost visibility to different stakeholders within the enterprise. They enable cost tracking and chargeback/showback mechanisms, allowing business units or teams to understand and manage their cloud spending. This promotes transparency, accountability, and cost-conscious decision-making throughout the organization.
5. Collaboration and Communication: They provide cross-functional collaboration.
Cloud FinOps tools foster collaboration between finance, IT, and business teams. They provide a common platform for discussions, cost analysis, and decision-making related to cloud spending.
6. Scalability and Growth: They align your financial goals with technical objectives.
Cloud FinOps tools support enterprises in scaling their cloud operations efficiently. As organizations grow and their cloud usage expands, these tools enable proactive cost management and scalability planning. They provide insights into the cost implications of scaling, help forecast future costs, and enable enterprises to align their cloud spending with business growth objectives.
Why Should You Choose CloudCADI?
CloudCADI (Cognitive & Actionable Data Insights) is an all-in-one cloud cost optimization tool that can supercharge your cloud cost management. From granular cost breakdowns to actionable recommendations, our tool provides the ultimate financial visibility and control.
While CloudCADI offers a wide range of benefits, we highlight three need-of-the-hour features that solved most of our client’s cost optimization challenges.
CloudCADI has Externalized Business Rule Engine (EBRE):
An externalized business rule engine (EBRE) refers to a software component or system that separates business rules from application code and stores them in an external repository or engine. It allows business rules to be managed independently of the application logic, enabling greater flexibility, maintainability, and agility in decision-making processes.
Some of its benefits include:
- Business-User Friendly: An EBRE is designed to be accessible to business users and subject matter experts who have domain knowledge but may not possess programming skills. It provides a user-friendly interface to manage rules, empowering non-technical users to participate in the rule development process.
- Agility and Flexibility: With an EBRE, CloudCADI allows business rules to be modified and updated independently of the underlying application logic. This promotes agility and flexibility in adapting to changing business requirements without the need for code changes or application redeployment.
- Separation of Concerns: Externalizing business rules improves maintainability, modularity, and readability by allowing developers to focus on application logic while business experts concentrate on defining and managing the rules. It in turn promotes collaboration and reduces the time required to implement rule changes.
- Target-driven approach: Business users have the option to set utilization targets and derive actionable insights & recommendations for execution. Like the traditional data center optimization models, this target-driven optimization using CloudCADI EBRE provides the technology team with the much-needed, end-state visualization before implementing the changes.
CloudCADI is Non-intrusive:
When an enterprise wishes to start cloud cost optimization with CloudCADI, all they need to give us is just a reader-level role for their cloud subscription. Our product starts its work right from there through the cloud service provider’s logs. Unlike other major cloud finops tools in the market, CloudCADI is agentless, (do not load agents), and exports any of your confidential data outside your secured networks.
A few benefits include:
- Security: CloudCADI ensures the security and privacy of your cloud cost data. It sits within your cloud environment without any third-party external agents that require access to your sensitive cloud information.
- Minimized disruption: CloudCADI identifies cost-saving opportunities without requiring significant changes to your existing infrastructure or application architecture. It analyses your cloud usage and spending patterns, providing recommendations to optimize costs while minimizing disruption.
- Easy Implementation: CloudCADI can be implemented with minimal effort and configuration. It typically integrates with your existing cloud environment seamlessly. Within 2 weeks you can start optimizing your cloud infrastructure.
CloudCADI is Cloud-native:
CloudCADI is a cloud-native solution leveraging the cloud-native components for its deployment and functioning.
Some of its benefits are:
- No additional compute: CloudCADI utilizes customers’ existing cloud services for its necessary data extraction required for optimization. Thus differs from many cloud finops tools in the market that writes separate scripts on the client instances consuming significant compute power and associated costs.
- Agility: CloudCADI embraces the principles of agility, allowing for faster deployment and iteration cycles. They leverage containerization and monolithic architecture, enabling rapid updates and feature releases, thereby improving time-to-market.
Role-Based Access:
Not all cloud stakeholders require all cloud financials. While the business heads focus on the expenses overview for a defined period, cloud engineers will look for a granular breakdown that can lead them to the ultimate cause. CloudCADI has the flexibility to restrict or grant view permissions for users.
Self-Service Analytics / Dashboard View: You can grant or restrict user permissions to view cost summary, service category, performance, and/or highly utilized resources as per the user. For example, resources’ performance and highly utilized resources chart alone could be given to engineers who handle restructuring.
Advisor recommendations: This is our key feature that allows users to start optimizing almost immediately with multiple choices. This makes it more valuable to engineers rather than the CIOs. You can make this read-only access for them, so they focus on what is required.
Settings: You even have the facility to restrict CloudCADI usage settings like the cloud account information, tags, and members according to the user. This allows you to protect your secret cloud account credentials, usage, etc. intra-organization.
CloudCADI Integrates with Service Now:
Enterprises use ServiceNow ticketing for various reasons like centralized ticketing management, streamlined ticket workflows, self-service capabilities, and enhanced reporting.
If you are a large enterprise with multiple disconnected teams handling ‘n’ a number of cloud resources for diverse set deliverables and using ServiceNow as your ticketing software, you are in safe hands.
CloudCADI can be easily integrated with your ServiceNow in just a few seconds. Beyond the visualization of your cloud environment, this paves the way to take action on the optimization recommendations. With this, the cloud cost optimization becomes seamless eliminating manual error-prone communications and efforts.
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Are you excited about the above features? We have just listed a few and there are many more to experience. Reach out to us for a demo today. Start optimizing your cloud investment without compromising your performance.
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