Cloud cost management for Azure

Provides business intelligence and smart forecasting to reduce capital expenditure in AWS and Microsoft Azure for multiple accounts.

ManageEngine has announced the availability of CloudSpend, its cloud observability and cost optimisation platform, for Microsoft Azure. Already available for AWS, the solution's business intelligence and smart forecasting capabilities have evolved to address the gap between capacity planning and cost optimisation for resources running in multi-cloud environments.

In recent years, public cloud adoption has seen exponential growth, with spending expected to reach $600 billion in 2023. Public cloud offerings are flexible and easy to use, and with proper security, compliance and scalability, businesses can achieve their goals quickly. However, cloud users often overestimate their cloud usage and provision higher thresholds for resources than needed. This leads to cloud resources being underutilised or, in some cases, never utilised.

CloudSpend targets the burgeoning costs of AWS and Azure adoption among public cloud providers. According to ManageEngine's State of IT Management Survey Report, 35% of the businesses have adopted a multi-cloud environment, of which 63% use both AWS and Azure.

"The cloud was embraced with the primary notion of reducing capital expenditure, but it inadvertently is why organisations bleed cash systematically. In a cloud-native world where organisations rely on the public cloud for their digital transformation, observability and optimisation are essential to streamline cloud operations and get the most of the money spent on cloud assets," said Gibu Mathew, Vice President, Zoho Corporation.

Highlights of ManageEngine CloudSpend

CloudSpend's notable features include:

Business units and chargebacks: With chargebacks, organisations can use native tags to make business units accountable and attribute tags to understand costs of different projects, departments, teams or cloud customers.

Budgets and forecasts: Businesses can define budget limits for AWS and Azure accounts and receive notifications when spending exceeds the budget. CloudSpend can also give insightful forecasts based on historical data.

Resource Explorer with out-of-the-box visibility: CloudSpend has nine types of system-generated tags to slice and dice organisations’ AWS and Azure expenditures. Teams can schedule reports on different aspects, including linked accounts, service types, regions and user-defined tags.

Multi-currency support: CloudSpend also supports multiple currencies, letting finance and IT teams view costs in currencies from 25 different geographic locations for various transactions.

IT automation: The solution can rightsize cloud resources via IT automation and integrate seamlessly with multiple third-party providers to keep track of spending across vendors.

With these features and many more, CloudSpend provides financial planners, IT teams and cloud service providers with the key business intelligence they need to streamline their capital expenditure and scale their businesses without wasting resources.

Console Connect has launched the second edition of its Africa Interconnection Report, researched by analyst firm Balancing Act, to understand the drivers and barriers to cloud adoption in the region.
IT backup, recovery and data management expert, Jeniya Klimova, who has spent the past five years working at global software company, Veeam, has joined the team at cloud computing and disaster recovery specialists, virtualDCS, as a channel account executive.
Old Mutual, a premium pan-African financial services group headquartered in South Africa, has selected A Cloud Guru, a Pluralsight company, to support its cloud-computing skills development program. With A Cloud Guru, Old Mutual has accelerated its efforts to be fully migrated to the cloud, ensuring the company has the underlying technology needed to provide a superior customer experience for advisors and customers.
In the highly competitive world of the private hire business, innovative IT support services can make a significant difference. Cloud infrastructure and data specialist PeaSoup has partnered with Virtual Rank, a cloud platform, to deliver the secure infrastructure that is powering the spectacular expansion of one taxi firm - which has seen turnover grow six-fold.
The rapid increase in SaaS prices has meant that customers are spending 53% more on licensing than they were five years prior.
Redis to collaborate with AWS on go-to-market activities for Redis Enterprise Cloud on AWS, which is designed to accelerate cloud migration and application development.
Latest release leverages flash, cloud-native monitoring, easy Veeam and vCloud integration for increased performance, efficiency and adaptability.
New browser-based experience and support for cloud data platforms make it easier to enable every analyst to deliver insights from cloud data.