Enterprise use of public cloud services has made managing IT costs more complicated than ever. CIOs and CFOs need to track, analyze and manage not only traditional infrastructure and applications but also the company’s usage and cost of public cloud-based services such as Amazon Web Services (AWS). Adding to the complexity of hybrid IT cost management, different parts of an organization require different views of cloud cost and usage data. CFOs and Corporate Finance organizations typically look at costs from the corporate reporting perspective of Cost Centers while CIOs, IT Finance, Infrastructure, and Application leaders need context and granularity to accelerate better decisions that include cost by project, applications, services, and resource types such as compute, storage, and network.
AWS provides as many as 28,000 product offerings generating up to millions of billing line items each month, creating complexity managing IT costs. To solve these challenges IT needs a standard solution that incorporates costs based on cloud usage with on-premises IT costs for an integrated view of today’s hybrid IT business.
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