Gartner Research

How to Budget, Track and Reduce Public Cloud Spending

Published: 09 July 2015

ID: G00272868

Analyst(s): Mindy Cancila

Summary

Organizations using public cloud IaaS, such as AWS or Azure, struggle to monitor cloud spending and often exceed cloud budget expectations. The cloud architect and finance team must establish financial management procedures to continuously monitor cloud budgets and spending.

Table Of Contents

Problem Statement

The Gartner Approach

The Guidance Framework

  • Prework
    • Understand PAYG Versus Subscription Models
    • Understand Cloud Providers' Pricing Models
    • Understand Pricing Tiers
    • Understand Consolidated Billing
    • Understand Tagging and Why It Is Important
  • Framework for Public Cloud Cost Management
    • Step 1: Plan — Creating a Cloud Forecast
    • Step 2: Track — Gain Visibility Into Spending
    • Step 3: Reduce — Seek Opportunities to Lower the Monthly Bill
    • Step 4: Use Analytics to Gain Insights (Optimize)
    • Step 5: Monitor — Continuously Monitor Spending
  • Follow Up

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