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Manage Cloud Spending with Site24x7's CloudSpend

As more businesses embark on their digital transformation, the gap between capacity planning and cost optimisation for resources grows as well. According to IDC, spending on public clouds is forecast to reach US$370 billion in 2022. The complexities that arise from the public cloud expansion may lead to businesses overspending as well.

While the public cloud adoption is cost effective and east set up, the overspending in the long run may lead to businesses having undesired expenses. This includes underused, unmonitored and idle cloud resources on various platforms in multiple accounts.

Today, automation in the likes of AI is key as the best performance monitoring solutions for DevOps and IT operations. Zoho Corporation’s Site24x7 provides a cost analytics solution for public cloud platforms that tracks cloud expense.

Site24x7’s CloudSpend addresses these cost optimisation issues with a holistic view of cloud expenditures across multiples accounts from a single console. The AI cost analytics solution provides IT teams business intelligence insights for addressing cloud cost adjustments. This allows priority-based resource allocation and helps in reducing overall operation expenditure.

Available for AWS, Cloudspend is GDPR compliant and has a vulnerability scan every week with penetration test once every 6 months by Zoho’s hacking team.

According to Srinivasa Raghavan, product manager Site24x7, “The insights for businesses to reduce spending is not available in the cloud platform. This is where Site24x7’s CloudSpend services for AWS come into play, which can slice and dice the cost used by various resources and provides better insights into which business unit is consuming more costs and how to reduce this spending. This insights and dashboards will also expend to other cloud platforms like Microsoft Azure and Google Cloud.”

Available for AWS, Cloudspend is GDPR compliant and has a vulnerability scan every week with penetration test once every 6 months by Zoho’s hacking team.

The beta service was deployed in early 2019 with banking and finance sectors using the service as well as ecommerce platforms.

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