10 Steps To Effectively Reduce AWS Costs!

Reading Time: 5 minutes For over 76 percent of companies, optimizing cloud costs is a huge challenge. As a result, they end up wasting 30% of their total cloud spend. While AWS has many benefits and hardly any upfront costs, AWS cloud bills can quickly stack up if you are not careful. As a result, organizations don’t just need…

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The Phases Of Understanding, Implementing, And Evolving Your Cloud Cost Allocation!

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…

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Cloud Cost Framework: 11-Step Cloud Cost Strategy Guide

Reading Time: 5 minutes A cloud cost framework allows you to analyze your cloud spending decisions and optimize them to cut down cloud costs as much as possible. It’s about rethinking whether you are spending the correct amount on cloud usage or whether you need to spend less. The three major phases of the FinOps lifecycle make up the…

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AWS Cloud Cost Allocation: Basics, Benefits, And Challenges!

Reading Time: 7 minutes According to a report by Flexera, 73% of enterprises have exceeded their cloud budget at least once, and over 33% have exceeded their budget by more than 10%. Another report found that over 35% of cloud spending is wasted due to idle or unused resources.  Cloud cost allocation can be a vital link between cloud…

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Best Multi-Cloud Management Tools Your Business Needs
Best Multi-Cloud Management Tools Your Business Needs!

Reading Time: 6 minutes Most organizations use more than one public cloud service provider because it helps them reduce dependency on just one vendor. It also makes it possible for them to optimize cloud usage and costs according to your requirements. Moreover, multi-cloud can provide more flexibility, prevent vendor lock-in issues, and improve overall application performance.  With the increasing…

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Allocating Cloud Costs Perfectly With nOps Business Contexts
Allocating Cloud Costs Perfectly With nOps Business Contexts!

Reading Time: 5 minutes With 200+ comprehensive services and per-second billings offered by AWS, it’s extremely challenging to allocate your cloud costs to 100% of their potential. And, amidst increasing AWS bills, losing such significant amounts because of inadequate allocation can be a primary concern. As a solution to this, businesses are utilizing cloud tagging; however, that also brings…

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Getting Engineers To Take Action: Bridging The Gap Between Engineering And Finance
Getting Engineers To Take Action: Bridging The Gap Between Engineering And Finance!

Reading Time: 7 minutes Engineers have long been trained to be customer obsessed. We define SLAs as an expression of our commitment to customers in terms of availability, performance, functionality, and security. In a pre-cloud world, controlling the cost of the services that we develop and run was a shared responsibility of IT, Finance, and procurement teams — we…

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IT Financial Management Benefits And Best Practices
IT Financial Management: Benefits And Best Practices!

Reading Time: 6 minutes 97% of CIOs firmly believe that it is critical to demonstrate the value for money that IT provides. As technologies become more complex, financial management of IT investments will prove to be more challenging yet necessary for organizations.  In fact, without IT financial management, organizations can end up losing opportunities of maximizing their ROI on…

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The Ultimate Guide To Cloud Cost Analysis
The Ultimate Guide To Cloud Cost Analysis!

Reading Time: 8 minutes Cloud spending will make up for 14% of total enterprise IT spending in 2024–up from 9% in 2020. As the demand for the cloud is increasing, so are the cloud costs. However, organizations are now realizing that high cloud costs make up an increasing part of their total IT spending.  But here’s an even more…

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