Cloud Cost Management
Cloud cost management, or cloud cost optimization, helps companies to organize and plan cloud costs. Cost management allows companies to better understand their business needs, while managing and controlling the costs associated with both deploying and running private and public cloud resources.
Using a set of different tools, companies are able to find cost-effective ways to minimize cloud usage and gain efficiencies.
Keeping an eye on your cloud costs will avoid unnecessary expenses and, consequently, save money!
Cloud cost Management with Abiquo
Cloud Cost Management can help you to reduce your company’s cloud spend by identifying over-provisioned resources, helping to improve the utilization of resources by eliminating waste, using your available capacity in a better and more efficient way, and even enabling your resources to be built for your minimum need and scale when needed, within the constraints of your cloud budget.
Abiquo offers a range of features that support cloud cost management for all your private and public clouds. Abiquo’s solution helps you gain a better understanding of your cloud spend with graphs summarizing information from your cloud bills and on-premise costs, while also offering automation with action plans to act on cost and performance data.
Cloud cost Management Benefits with Abiquo
- Take a proactive approach to controlling cloud costs
- Avoid unnecessary spend on underutilized resources
- Identify dormant or redundant resources
- Redistribute resources for efficiency and performance
- Aggregate cloud costs to visualize total spend
- Assign resources to projects, work groups, operating companies or tenants
- Manage all public and private cloud costs in one easy to use portal
- Predict costs and be able to anticipate future situations
- Autoscaling – provision for the “best case” and scale automatically to accommodate peaks
Cost Management Features
Administrators can create budgets to manage and control the spending for one or more cloud tenants using a range of cloud providers and private infrastructure. Abiquo evaluates the spend against the budgets using the billing data from each provider and displays the information on the Hybrid cloud billing dashboard.
Once you have established your budgets for each cloud provider or platform, action plans can be triggered when costs pass a defined threshold.
For example, a tenant has consumed 50% of its budgeted amount in AWS. You can set up an action plan that will automatically send an email to alert the System Administrator team. Then, the action plan may suspend resources, or save and deprovision them.
You can also keep track of your cloud spending by checking the Billing details section that Abiquo incorporates within the Dashboard Hybrid tab. If billing information is available, the platform can display the billing details for public cloud providers such as AWS and Azure as well as costs from your on-premise/private clouds based on Abiquo’s pricing system.
The platform can display the average cost per virtual machine for each provider, making it easier to keep track of costs in a more visual way.
By default, the platform will display the Latest bills and Estimated bills, but you can also see past bills and drill down to more details and display the charts in different formats.
Abiquo’s billing features are extremely helpful for those companies who are looking for excellent cloud cost management. For even more bill analysis, Abiquo keeps all the billing detail information in the back end database which can be used as the basis for custom reports.
Cloud bursting helps you add resilience to avoid service interruption and, consequently, helps to reduce service outage costs, protect revenue and ensure customer retention by meeting your SLAs. It can also help to optimize cloud spend by deploying resources when needed in lower cost environments, or those nearer to the user reducing network costs.
With Abiquo, users can create budgets, alerts and alarms in order to trigger Action Plans, such as deploying VMs or initiating scaling actions in any cloud when they reach configured thresholds of guest utilization or application performance.
The Abiquo Control panel together with the self-service VPN features enable users to use those Action plans for cloud bursting to deploy new VMs or trigger scaling actions in any Abiquo-managed cloud, thus facilitating cloud users to “burst” workloads from any of those clouds to any other – whether private data centers or public clouds – and ensure they are connected to the necessary networks, firewalls and load balancers.