Top Cloud Cost Optimization Platforms in 2023

Cloud computing is one of the most powerful tools for businesses to grow, generate revenue, and keep up with the competition. However, it can also be costly.

Depending on your organization’s needs and cloud provider, you could easily spend a few hundred thousand dollars each year on cloud services.

That’s why it’s important to take a holistic view of costs across all IT components—not just servers or databases but also storage, networking, and more—and make sure you’re getting the maximum value from every dollar spent on IT infrastructure.

In this post, I’ll dive into different platforms that help optimize cloud costs using AI-based automation techniques and unique approaches based on real data from billions of transactions at scale across multiple industries worldwide (including yours).

Contents

nOps

nOps is a cloud cost optimization platform that helps you save money on your cloud spending. The cloud optimization solution offers much more in addition to cost optimization, including asset management, resource allocation, and infrastructure cost tracking.

Through continuous, real-time notifications of billing anomalies throughout all regions and services, nOps aid in your prevention of serious instances of overspending. 

By consolidating cloud accounts, especially AWS, into a single pricing model and offering ongoing visibility to change requests, you can easily manage cloud costs and save more money.

It paves the path for the best root cause analysis skills accessible anywhere by helping you understand all the what, why, when, and how. This translates to better management and supervision of your cloud spending.

Zesty.ai

Zesty.ai is a cloud cost optimization platform with AI and ML capabilities. The software uses artificial intelligence and machine learning to perform real-time analysis of your cloud usage, identify inefficiencies and unnecessary spending, and present you with recommendations to help cut costs.

The company’s flagship product is Zesty Advisor, which can automate the process of identifying inefficient utilization of AWS resources such as EC2 instances or memory capacity in S3 buckets, as well as unused reserved instances that are costing you money every hour they’re sitting idle.

You’ll get reports on how it’s doing this—and other insights into your cloud spending habits—in a simple format that lets you visualize what’s happening across all your services at once so you can easily understand where the problems lie.

CloudZero

CloudZero is a cloud cost optimization platform that uses artificial intelligence (AI) to help you optimize your cloud costs.

The software was developed by IT industry veterans from companies like Netflix, HP, and Dreamworks. CloudZero has been used to save millions of dollars for enterprise customers like In-N-Out Burger and Southwest Airlines.

CloudZero works with leading public clouds, including AWS, Azure, Google Cloud Platform (GCP), DigitalOcean, and more.

Opsani

Opsani is a cloud optimization platform that can help you reduce your cloud costs and optimize your usage. In addition to cost savings, Opsani can also help with security and compliance.

If you’re interested in learning more about how Opsani can help your company save money on its cloud usage, or if you’d like to schedule a demo with one of their experts, please fill out the form below:

ParkMyCloud

ParkMyCloud is a cloud cost optimization platform that was founded in 2015. ParkMyCloud is based in San Francisco, California, and has recently raised $60M in funding.

ParkMyCloud’s Cloud Cost Optimization Platform provides an end-to-end solution for customers to optimize their cloud usage by identifying and shifting existing workloads from one cloud provider to another based on cost or performance considerations.

Lumigo

Lumigo is a cloud management platform that helps you to optimize your cloud resources. With Lumigo, you can reduce costs and increase performance across all of your clouds. It also allows you to monitor your cloud usage, identify security threats and automate operations in real-time.

Densify

Densify is a cloud cost optimization platform that helps you identify unused resources in your cloud environment.

Densify will be able to tell you how much-unused capacity is within your AWS or Azure environments, allowing you to optimize and repurpose the resources for other use cases. This tool will work on AWS and Azure, so it’s perfect if your company uses one or both platforms.

Conclusion

In conclusion, cloud cost optimization is necessary for any company in the modern age. With so many options available, it can be difficult to know where to start.

However, we hope that this list has given you some valuable insights and helped you narrow down your options based on what’s important most to your business.

But, from all of these, nOps Cloud Cost Optimization Tool is the best in terms of all aspects.  

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