Tue. Jun 25th, 2024

In a recent study, it was found that more than 30% of the cloud spend was wasted or inefficient. The only way to minimize this waste is by adopting best practices in cloud cost optimization.

There are a number of cloud cost optimization strategies that businesses can use, such as right-sizing, using reserved instances and spot instances, monitoring cloud usage, and automating cloud costs. However, businesses often face challenges when implementing these strategies, such as a lack of expert talent, long-term resource usage commitments, and unclear data and usage insights.

A partner firm can help businesses overcome these challenges and achieve greater ROIs from cloud cost optimization. Here are five companies that are making their name as trusted and reputable cloud cost management service providers:

1. CloudKeeper

CloudKeeper is an AWS Premier Tier Services partner that has been recognized globally by ISG and IDC for its competencies in the Public Cloud and FinOps landscape. Based in India, it is the only company that provides 360-degree cloud cost optimization and FinOps solutions with a combination of its savings, software, and cost optimization services. With the promise of guaranteed savings, CloudKeeper offers AI-enabled automated RI management (CK Auto), a highly advanced cost analytics platform (CK Lens), end-to-end FinOps solution (CK AZ), savings support on AWS EDP (CK EDP+), managed and consulting services.

A Premier member of the FinOps Foundation, CloudKeeper has driven savings of more than $100 million on its customers’ AWS bills, adopting cloud-native technologies, and optimizing their cloud resources for better performance and scalability.

2. CloudCheckr

CloudCheckr is a cloud cost optimization company that helps businesses get visibility into their cloud costs. It offers features such as cost monitoring, anomaly detection, and cost optimization recommendations. It provides an automated cost management solution to automate many of the tasks involved in cloud cost management, such as tagging resources and tracking costs.

Based in New York, United States, CloudCheckr supports multiple cloud providers, thus helping its customers to manage their costs across AWS, Azure, and Google Cloud Platform. The major focus is on saving money on cloud bills identifying and eliminating unused resources, right-sizing your instances, and using reserved instances and spot instances.

It has been recognized by industry organizations such as Gartner and Forrester for its intuitive UI and experience within their cloud monitoring solutions.

3. nOps

California, USA based nOps offers a centralized cloud cost optimization platform that integrates cloud accounts into a unified billing model. By furnishing instant and constant visibility into change requests and infrastructure deltas that influence costs, nOps benefits enterprises with improved management and control over their cloud expenditure.

Furthermore, businesses also garner the advantage of real-time notifications of billing
irregularities across all regions and services and take proactive steps to optimize their cloud spending.

4. CloudZero

CloudZero has created a distinctive reputation for unifying cost data from diverse cloud providers and software platforms, such as AWS, Microsoft Azure, GCP, New Relic, MongoDB, Databricks, and Snowflake. This unified technique helps businesses to analyze the precise expenses associated with offering value to their customers.

CloudZero also provides a single view that converges costs from different products, helping businesses to comprehend the true cost of their products and customers. The comprehensive insights allow businesses to make knowledgeable decisions and streamline their cloud expenditures.

CloudZero is based out of Boston, USA.

5. ProsperOps

The cloud cost optimisation platform by ProsperOps autonomously drives AWS cloud savings and streamlines financial management. Leveraging dynamic adaptations to environmental changes, ProsperOps designs, manages and optimizes a portfolio of Savings Plans and Reserved Instances for businesses.

This approach confirms that businesses continually improve their Effective Savings Rate (ESR). Furthermore, the company streamlines cost allocation with Intelligent Showback, allowing businesses to compute cloud costs and savings by resource, region, service type, and much more.

The company is based in Georgia, USA.

6. Rackspace Technologies

Rackspace Technology is a managed cloud services provider that helps businesses optimize their cloud infrastructure and maximize return on investment (ROI). They offer a range of services and solutions to assist companies in achieving cost optimization in the cloud.

They continually monitor their customers’ cloud usage, identify cost-saving opportunities, and implement strategies to reduce unnecessary spending. This includes optimizing resource allocation, selecting the right pricing models, and eliminating idle or unused resources.

A Texas, USA based company, it has expertise in managing and optimizing multi-cloud environments. In addition to cost optimization, Rackspace Technology offers services such as migration and modernization, managed cloud services, and cost visibility and reporting.

In the dynamic landscape of cloud computing, selecting the right cost optimization partner is a strategic move that can significantly impact your bottom line. Each of these top cloud cost optimization companies brings unique expertise to the table, equipping businesses with the tools and insights needed to achieve unprecedented ROI.

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