Allocating Cloud Costs Perfectly With nOps Business Contexts!

Allocating Cloud Costs Perfectly With nOps Business Contexts

The adoption of cloud computing has become ubiquitous in modern businesses. The pay-per-use cloud computing model is an effective proposition for companies looking to reduce their infrastructure costs. However, as organizations move towards the cloud, managing cloud costs can become a significant challenge. 

Inaccurate allocation of cloud costs can lead to overspending or underutilizing cloud resources. Here, cloud tagging comes as an essential practice that helps organizations to allocate cloud costs effectively. However, the adoption of tagging process also comes with numerous challenges. In this blog post, we will explore what cloud tagging is, why it is essential, and how nOps Business Contexts can solve the tagging challenges.

What Is Cloud Tagging?

Cloud tagging is a process of assigning metadata to cloud resources. This metadata provides additional information about the cloud resources, such as their purpose, owner, or cost center. Cloud tags are key-value pairs that are attached to cloud resources. These tags can be used to filter, search, or categorize cloud resources based on their metadata. For every tag, you can define a key and an optional value. 

You can explore more details about tagging at Understanding Chargeback Tagging And The Best Practices!

Why Is Cloud Tagging Important?

Why Is Cloud Tagging Important

Cloud tagging is essential for several reasons. Firstly, it helps organizations to track their cloud costs accurately. By assigning tags to cloud resources, companies can identify the cost center responsible for a particular resource. This information can accurately allocate cloud costs to the respective cost centers. Secondly, cloud tagging can help organizations to optimize their cloud spending. By analyzing cloud resource usage data based on tags, companies can identify underutilized or unused cloud resources and take appropriate action to optimize their usage.

What Challenges Does Cloud Tagging With nOps Business Contexts Solve?

What Challenges Does Cloud Tagging With nOps Business Contexts Solve?

Despite the benefits of cloud tagging, there are several challenges that organizations face when implementing cloud tagging. 

  • Ambiguity and inconsistency: 

Cloud tagging can be subjective, leading to inconsistencies in the tagging process. Different people may use different words or phrases to describe the same resource, leading to ambiguity and confusion. Plus, the occasional typos are an overhead concern here. But, nOps Business Contexts, rather than trying to implement a perfect tagging strategy, creates policies to account for inconsistencies in tagging. 

Inconsistent tagging
  • Scale: As the number of resources stored in the cloud increases, so does the volume of metadata that needs to be managed. Tagging large amounts of data can be time-consuming and resource-intensive, especially if done manually. Automated tagging via nOps Business Contexts can speed up the tagging process and reduce errors.
Cloud Tagging Dashboard
  • Undefined Resources:

More challenging are resources that cannot be assigned tags, such as purchases made on a Marketplace or resources that lack a well-defined tagging policy. In such cases, nOps establishes rules based on various factors such as accounts, regions, specific services, usage types, or operations. These rules can be used to attribute the expenses to a particular Showback value or distributed among multiple cost centers as needed.

Resource list
  • Shared Cost Allocation: 

Your AWS bill contains various line items, such as purchasing a saving plan or incurring bandwidth costs for business support. These costs should be distributed across multiple teams and business units based on their nature. Thus, nOps Business Contexts allocates costs effectively by distributing them using fixed percentages or proportionate weightage that takes into account varying usage among teams or services.

Shared Cost

How Is nOps Business Contexts The Ultimate Solution To All The Tagging Challenges?

How Is nOps Business Contexts The Ultimate Solution To All The Tagging Challenges

nOps Business Contexts gives our users the unparalleled ability to access and allocate every dollar of their cloud spend in real-time.

What is it?

nOps Business Contexts is a cloud management platform designed to simplify AWS infrastructure management by providing valuable insights into cloud usage, cost optimization, security, and compliance. It helps businesses improve their AWS operations by automating tasks such as tagging and identifying resources.

What problems does it solve?

One of the most significant challenges of managing cloud infrastructure is tagging. It’s crucial to have an accurate and consistent tagging strategy to ensure that resources are correctly labeled and easy to identify. Still, manual tagging is time-consuming and prone to errors. nOps Business Contexts provides an automated tagging solution that identifies all the resources across the entire AWS infrastructure and assigns the correct tags. It ensures that all resources are accurately tagged and eliminates the risk of manual errors.

Why is it the ultimate solution to all tagging challenges?

nOps Business Contexts is irreplaceable because it simplifies the entire tagging process, saving businesses time and resources. It provides a centralized platform for AWS infrastructure management, allowing users to monitor all resources in one place. 

Whether it be typo errors, different perception concerns, or the shared costs challenges, nOps takes care of all! Its automated tagging solution ensures that resources are accurately labeled and easily identified, leading to improved compliance and better security practices. 

Your team focuses on innovation, while nOps runs optimization on auto-pilot to help you track, analyze and optimize accordingly! Our customers can benefit in two key ways: 

  • First, pay less for what you use without the financial risk. 
  • Second, use less by automatically pausing idle resources. 

Let us help you save! Sign up for nOps today.