With $39.5 billion projected to be spent on Infrastructure as a Service (IaaS) this year, many cloud users will find it’s time to optimize spend with an IaaS cost management tool.  With so many different options to choose from – picking the right one can be overwhelming. While evaluating your options, you should have an idea of what would be most compatible for you and your organization.  In order to cut cloud costs and waste, make sure you look for these 5 things while picking an IaaS cost management tool.

1. UI is Easy to Understand

When adopting a new piece of software, you should not be stressed out trying to figure out how it works. It should be designed around the end user in order to give them an easy user experience so they can accomplish tasks quickly. Many native tools required by the cloud providers require specialized coding knowledge that the IaaS users in your organization may not have. Whether it is useful or not depends on how simple and easy to follow it is so that every cloud user can contribute to the task of managing IaaS cost.  

2.  Improved Visibility

It is essential that you have all of your information available to you in one place – this helps make sure you didn’t overlook anything.  Seeing all your resources on one screen, all at once, will allow you to pinpoint strengths/weaknesses you need to focus on to that will help manage your IaaS cost. Of course, cost management includes more than visibility, which leads to the next points.

3. Provides Reporting

You want your organization to be well informed, so it is important that any IaaS cost management tool you adopt includes the ability to generate cost and savings reports. You can’t change something if you don’t know what it means, the data gathered – past and present – will help you understand the past and make a forecast for the future. These reports will give you the information you need to make quick, informed decisions. Preferably, they contain automated recommendations as well based on your resource utilization history and patterns. Additionally, it’s important for any cost optimization tool to report on the amount of money you have saved using it, so you can justify the cost of the tool as needed to your management or Finance department.

4. Implements actions

After gathering the data and making suggestions, the next step in cost optimization is to actually make these changes. Using the reports and data gathered, the tool should be able to manage your resources and implement any necessary changes without you having to do anything.  

5.  Automation and APIs

Even though it goes on in the background, APIs are necessary because they allow your tool to work in conjunction with other operations. With the support of inbound actions and outbound notifications, this automated process allows you to streamline all of your data.  This will make things faster and more efficient – allowing you to cut down on time and IaaS cost. Highlights to look for include Single Sign-On, ChatOps integrations, and a well-documented API.

Keep Your Organization’s IaaS Cost Needs in Mind

These are just a few of the things you should be looking for when searching for IaaS cost optimization – but you have to find the platform that works best for you!

ParkMyCloud automatically optimizes your IaaS costs with these principles in mind – try it out with a 14-day free trial and see if it’s the right fit for you.

 

About Jay Chapel

Jay Chapel is the CEO and co-founder of ParkMyCloud. After spending several years in the cloud management space, Jay saw that there was no simple solution to the problem of wasted cloud spend - which led him to start ParkMyCloud in 2015. Before that, he spent 10+ years with Micromuse and IBM Tivoli, a provider of business infrastructure management software. After an acquisition by IBM, he led the successful sales integration and subsequent growth of the IBM Tivoli/Netcool business in Europe. He also held several regional and worldwide sales roles in Switzerland, the UK and the US. Jay earned both a BA in Finance and an MBA from West Virginia. Those few hours a month that Jay’s not busy with ParkMyCloud’s growth and success, you can find him on the ski slopes, on the soccer field, or on the golf course often accompanied by his three kids.

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No, I like wasting time and money.