As of 2023, 89% of companies rely on a multi-cloud approach. Operating in the cloud is no longer a plus but a competitive necessity. Migrating from a fully on-prem to a hybrid or fully cloud environment isn’t exactly easy though, especially given the impenetrability of cloud data. Cloud monitoring enables your company to be proactive about its cloud services, ensuring that availability, security, performance, and other aspects are all up to par before reaching the end-user.

Our Cloud Cost platform just got some practical upgrades to help you manage cloud costs better and boost your operational efficiency. Curious about the new features? Let’s jump right in! Forecast in ChatGPT Interacting with cloud cost data just got easier and smarter. Ask any cost-related question using natural language, and let CostGPT do the rest. It instantly delivers insightful visualizations and forecasts of your cloud costs.

As of 2023, 89% of companies are using a multi-cloud approach. The race to the cloud might feel truly like that – a race – but the finish line isn’t hybridization or even a full migration. Even after you’ve made it to the cloud, there’s still more work. Namely, determining cloud costs. Microservices, containers, Kubernetes made resource costs, associated costs and more are near-impossible to sort though.

FinOps is a cultural practice that brings financial accountability to the world of cloud computing. It’s a strategic approach that aids organizations in understanding their cloud costs and making informed business decisions. FinOps is a new way of managing costs in an IT environment that is increasingly shifting towards the variable cost model of cloud services. It combines the best of the technical and financial worlds, resulting in an effective model for managing cloud costs.

Navigating the complexities of cloud financial management requires more than just tracking costs – it demands a strategic approach to measure and optimize cloud spend. We have put together our top 7 KPIs, ranging from allocatable cloud spend and average hourly costs to sophisticated forecasting, to effectively gauge your FinOps solution success. Each KPI offers unique insights, helping businesses manage and maximize their cloud investments.