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The Licensing and Pricing Model Associated with FinOps Tools

In addition to the above, many FinOps tool vendors offer customized enterprise licensing models tailored to the needs of the organization based on multiple factors that suit the customer u2013 fixed amount, consumption bracket based, subscription-based model, etc. <br>Before finalizing the tool and licensing model, Cigniti encourages clients to leverage the free of charge basic/entry level model provided by the majority of the tool vendors for a limited period to get a better understanding of the impact and ROI of the licensing model in their working environment. <br>Interesting right? <br>

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The Licensing and Pricing Model Associated with FinOps Tools

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  1. The Licensing and Pricing Model Associated with FinOps Tools

  2. The Licensing and Pricing Model Associated with FinOps Tools • Cloud cost management tools can broadly be categorized into two types: • Native Cloud Cost Management and Optimization (CCMO) tools: Cost Management and Optimization tools provided by Cloud Service Providers (CSPs) like AWS, Azure, GCP, and Oracle Cloud Infra (OCI) are typically leveraged by organizations that leverage services from a single cloud provider. These are popularly known as native cost management and optimization tools, and their support is limited to the specific cloud platform. Ex: AWS Cost Explorer supports only AWS and doesn’t support Azure, GCP, Oracle Cloud, IBM Cloud, etc. • Independent CCMO tools, popularly known as FinOps tools:Many organizations using multi-cloud leverage third party tools - popularly known by many names, including FinOps tools, Cloud Management Platforms (CMPs), Independent CCMO tools, etc. These tools offer many advanced features and functionalities compared to native CCMO tools. Popular 3rd party FinOps tools include Apptio Cloudability, Centilytics, CloudBolt, Corestack, HystaxOptScale, NetApp CloudCheckr + Spot, and VMware CloudHealth.

  3. The Licensing and Pricing Model Associated with FinOps Tools • Pricing Model of native CCMO tools • Native CCMO tools are typically available free of charge as part of a cloud subscription. For example, AWS Cost Explorer is free with an AWS cloud subscription; Azure Cost Analysis and Azure Budgets are free with an Azure cloud subscription; and billing is included with a GCP subscription. It’s important to note that compared to FinOps tools, only limited features are available in native cost management tools and their support is limited to the allied cloud. • Conclusion • In addition to the above, many FinOps tool vendors offer customized enterprise licensing models tailored to the needs of the organization based on multiple factors that suit the customer – fixed amount, consumption bracket based, subscription-based model, etc. • Before finalizing the tool and licensing model, Cigniti encourages clients to leverage the free of charge basic/entry level model provided by the majority of the tool vendors for a limited period to get a better understanding of the impact and ROI of the licensing model in their working environment. • Interesting right? • Want to know more on this topic: https://bit.ly/3wI4qSl

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