60 Cloud FinOps Tools, Applications & Platforms

60 Cloud FinOps Tools, Applications & Platforms

Introduction

Companies forecasting cloud spend typically have variances in the 10% to 20% range, which can add up to hundreds of thousands of dollars a month. Accurate, automated, and timely forecasting of cloud spend is one of the most challenging areas for company Cloud Ops and FinOps teams to master. Companies need to carefully consider the tools and platforms that they utilize for forecasting purposes. The decision to buy external third-party SaaS Fin-Ops solutions is one that companies choose either because they have a need for more functionality than native tools or have failed at building in-house tools. Companies that have multiple cloud providers can benefit the most from buying externally.

External third-party FinOps software packages can fully automate the data collection, organization, and analysis of millions of rows of billing and usage data across multiple cloud platforms. These highly automated tools can generate driver and trend-based forecasts more frequently allowing for faster decision-making from an operational perspective.

The FinOps Foundation at www.finOps.org has a wealth of information on various cloud FinOps tools, applications and platforms including the 60 listed below (1). The tools shaded in green colored font are those that are among the more popular including CloudZero, IBM Turbonomic, CloudHealth and Apptio Cloudability. They each have advantages and drawbacks so is it best to have a few meetings and demonstrations with each vendor before you decide to go with one.


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