The Licensing and Pricing Model Associated with FinOps Tools

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The Licensing and Pricing Model Associated with
FinOps Tools
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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 doesnt 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, Hystax OptScale, NetApp
  CloudCheckr Spot, and VMware CloudHealth.

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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. Its 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.
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