Cloudability is a business that sells software to keep track of and analyse the money spent on cloud computing. Cloudability is a piece of software that helps IT managers keep tabs on how much money is being spent on public cloud services.
Mat Ellis and J.R. Storment started Cloudability in 2011, and the company is headquartered in Rose City. IT and finance experts make up the bulk of the company's target market for cloud cost management technologies. Cloudability is a cost management platform with the following features:
- Key performance indicators (KPIs), such as monthly cloud expenditures and estimates, may be shown on an organization's unique dashboard.
- Through the use of alerts, customers are made aware when their use of a certain cloud service is getting close to exceeding their monthly allotment.
- Reports on the day's use and expenditures for the company's cloud services are sent out to users.
- By allocating and charging back expenses, businesses can see how much money is being spent on cloud services and where that money is going.
- Cloudability was built to integrate with public clouds like AWS and Azure from Microsoft. Amazon Web Services (AWS) Cost Analytics and Elastic Compute Cloud (EC2) Usage Analytics are two AWS provider-specific services that aid customers in pinpointing EC2 cloud resources that may be scaled down or switched off. In addition, Cloudability provides an AWS Reserved Instance Planner to help customers with the purchase of Reserved Instances.
- Cloudability has two tiers of service for different budgets: Pro and Enterprise. The monthly rates for both programmes are proportional to the total amount of cloud spending that is tracked. However, the Enterprise plan includes more tools and more assistance from Cloudability's team.
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Cloudability and FinOps
Cloudability has contributed to the creation of a framework that aims to eradicate barriers between departments like software development, IT operations, and finance in order to raise awareness about the need for proper management of cloud service budgets inside businesses. FinOps is the name of the system framework.
FinOps' primary objective is to facilitate open lines of communication between the finance and IT departments by providing more visibility into the precise costs involved with delivering IT services locally and remotely. There are three main issues that the framework attempts to solve for its users: more transparency into cloud expenditures, improved forecasting of cloud resource use, and a governance layer to facilitate communication between the finance and IT departments.
Cloudability was an early supporter of the FinOps Foundation, an organisation that helps businesses connect with one another and discuss information technology buying strategies; it also helps with scaling and hosting. Joseph Daly, director of cloud optimization services at Nationwide, is one of the founding members; other founding members have comparable positions at businesses including Atlassian, Autodesk,
and Spotify.
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Cloudability's Features
- Measure the most critical key performance indicators Generate reports on cloud spending and consumption that may be tailored according to your company's needs.
- Watch impending cloud developments unfold in real time Get daily updates, cost projections, alerts, and personalised use/spending reports through email to avoid unpleasant surprises in your cloud usage and expenditure.
- See which of your instances are the most expensive, locate wasted resources, monitor your footprint by area, and much more so you can zero in on the problematic instance(s).
- Use Amazon Web Services tags to divide out your expenses and consumption. You may organise your AWS tags in any way that's useful to your organisation, such as by account, department, application, and more.
- Check to see whether your Reserved Instances are profitable. Discover instantly how much you're saving in comparison to the cost of using instances on demand with this streamlined overview of all your Reserved Instances.
- Get API access to all of your cloud-based analysis Incorporate information about your cloud use and expenditures into your existing IT and financial analytics tools.
- Reconcile expenses across several cloud service providers - Your company's total cloud expenditures, from Amazon to Zencoder, may be monitored with numerous IaaS, PaaS, and SaaS providers.
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