Reading Time: 9 minutes Every billable action in any given AWS account is recorded in the Cost and Usage Report (CUR) on an hourly basis, per ARN. Thus, CUR stands as the starting point for all FinOps analysis. Each CUR is based on a calendar month, so as the month progresses, the row count increases. By the end of…

Reading Time: 8 minutes Businesses are not just about sales revenue or marketing expenses; they are about understanding the Cost per Customer as it pertains to “Cost of Goods Sold.” Or perhaps, in the SaaS world, “Cost of Services Sold” would be more accurate. The cost of doing business is multi-faceted; it takes into account all the expenses incurred…

Reading Time: 5 minutes Costs are one of the major reasons organizations transition from on-premise infrastructure to the cloud, apart from high availability and scalability. But it’s essential to understand the total costs of ownership of the cloud to estimate the return on investment that it can provide. Cloud TCO can assess costs related to the cloud before you…

Reading Time: 5 minutes EBS volumes are an essential component in the AWS ecosystem, offering a flexible storage solution for EC2 instances, much like traditional hard drives. However, it is crucial to effectively manage EBS volumes to optimize your AWS costs. These volumes serve as reliable storage options, serving as a viable alternative to permanent and resilient storage solutions…

Reading Time: 6 minutes nOps was recently ranked #1 by G2 in the cloud cost management category because of the innovative cloud solutions that help businesses optimize their cloud usage and increase performance simultaneously. nOps is an innovative, real-time Cloud platform for automated FinOps solutions. With our advanced price consideration engine, we consistently pick the right cloud instances at…

Reading Time: 6 minutes As organizations continue to expand innovation and their cloud requirements, they are often met with new challenges in managing cloud costs. Understanding resource usage and ownership is necessary to ensure optimal cloud spend. Cloud cost allocation has emerged as an effective solution for addressing this challenge. Cloud cost allocation is the process of tracking and…

Reading Time: 5 minutes As cloud spending quickly becomes one of the most expensive resources in organizations around the world, C-suite leaders are steadily prioritizing tools and strategies for optimizing, reducing, and centralizing cloud cost management.  In fact, according to a survey, 88% of organizations state that optimizing and reducing spend on their cloud resources is very important. 50%…

Reading Time: 6 minutes FinOps has gained significant momentum in recent years as organizations seek to optimize their cloud spend. Central to the FinOps philosophy is the idea of Chargeback and Showback, which can also be referred to as “Cost Allocation” and “Cost Transparency.” While the concept is undoubtedly beneficial, it is not always easy to implement.  Chargeback and…

Reading Time: 4 minutes Having a flexible approach towards development is all good until your team loses track of the cloud costs, and it results in a highly unexpected AWS bill! Simple formula: “You can only control what you can measure.” If you aren’t aware of what is being spent and on what and why, no good approach can…