Native Tools vs. Third-Party Tools: Which Approach to Choose for Better Cloud Cost Management

Binadox Inc

Tools vs. Third-party Tool
 
Nowadays, cost control and optimization are the top priorities of companies adopting the cloud. Taking into account this fact, cloud vendors are doing their best to provide their customers with certain cost management facilities. These native tools are designed to track the cloud cost, analyze it and make the most out of the deployed cloud architecture.
 
Native tools are especially useful at the early stages of the cloud journey. However, there is always a moment when cloud initiatives begin to scale, and the management tools offered by cloud providers are not enough anymore. In this case, business owners start considering third-party tools that are dedicated to controlling and optimizing cloud costs.
 
We invite you to our cost optimization and management tools journey, during which we will try to dive deeper into cloud-native tools and third-party solutions. Understanding both approaches is essential to make a reasonable decision.
 

Cloud cost management native tools

In this article, we will mainly focus on three main players of the cloud provider’s field that have proved their professional attitude towards cloud-related matters: Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).
 
Each of them has several native tools for optimization of cloud resources usage and cost. Let’s examine them closer right now.
 
AWS, AZure and GCP native tools
 

Amazon Web Services

  • AWS Cost Explorer allows users to understand the cloud spend trends and offers info on Reserved Instance (RI) utilization.

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  • AWS Budgets makes it possible to set up the budgets that trigger alerts when cost or usage exceed. Budgets can be set based on tags, accounts, and resource types.

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  • AWS Recommendations – the tool that identifies potential savings and suggests ways to optimize cloud costs. There are rightsizing recommendations, as well as RI purchase recommendations.

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    Microsoft Azure

  • Azure Cost Analysis helps companies to break down the detailed Azure cloud spending within the dashboards that make the analysis process easier.

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  • Azure Budgets sends users notifications if the threshold of the set budget is reached. This tool alerts you via email or Azure Action Groups.

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  • Azure Advisor Recommendations include VM rightsizing and Reserved Instance purchase recommendations.

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    Google Cloud Platform

  • Billing allows users to view reports with a graphical representation of current cost trends.

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  • Pub/Sub is a tool that can help companies to manage budgets with the help of real-time messaging on different kinds of events, raw or processed.

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  • Compute Engine suggests a list of VM instances and recommendations on cost-saving opportunities.

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    Reasons to consider independent cloud management tools

    There are three main reasons why you should take into account the usage of third-party tools over the native ones.
     

    Cloud assets visibility

    Gaining visibility of the cloud assets is the key to cloud cost optimization. As it brings clarity into cloud spending and allows companies to receive more detailed reports, it results in a facilitating decision-making process.
     
    Moreover, in-depth cost reports make employees see the cost of their decisions and take the responsibility for every move they make and the resources they use.
     
    Native tools are helpful at the start of your cloud journey as cloud providers offer a basic set of tools for cost optimization. With the complication of the company structure, the usage of native tools may not be enough.
     
    In this case, the cloud management platforms like Binadox can help the companies, as they give users the possibility to observe all their cloud assets in one place.
     
    Cloud Utilization Dashboard
     
    Talking about Binadox, it provides its customers with a range of cost-saving practices: tagging, rightsizing, Cost Explorer reports, alerting system, the Advice section, and so on.
     

    Scaling of cloud resources

    Scalability is one of the main cloud deployment advantages, but when companies scale their resources, the cloud costs increase, too. Additionally, the more resources the company has, the more energy and time it requires to monitor them and provide optimal utilization without overpayment.
     
    Every company found itself in the following situation at least once: someone forgot about running and cost-driving instances. As a result, there are huge cloud bills for the ordered but not used resources. In this case, immediate identification of such instances by the IT Department can save the company from wasting an enormous amount of money.
     
    Cloud management platforms can facilitate this daunting task: track cloud resources utilization rates, monitor their costs, identify underutilized instances and other wasteful resources. What is more crucial – notify users of various kinds of problems in their cloud architecture at the same time they occur.
     

    Multiple clouds

    Multi-cloud architecture deployment is a common phenomenon nowadays. It can be easily explained: the majority of the companies want to use the services of different cloud providers, as some of them are more profitable for a company, and the others – more convenient to use.
     
    However, with the comfort comes the difficulty – business owners get confused when they try to examine resources consumption and the cost in different places, in different data representations.
     
    In contrast, Binadox has a dashboard that allows users to see the whole picture of their multiple cloud resources. Binadox offers businesses to dive deeper into all their cloud costs, providing them with the opportunity to:
     

  • Take control of AWS, Azure, and GCP cloud platforms by tracking resources utilization rates and their costs;

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  • Allocate cloud costs with the help of Cloud Explorer detailed cost reports;

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    Cost Explorer section in Binadox
     

  • Identify and shut down or rightsize the instances that were started, forgotten, and left running;

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  • Monitor and optimize multi-cloud costs in the unified dashboard.

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    Try and decide for yourself

    All in all, we’ve discovered the main points of native and third-party tools deployment. In order to make a smart decision on what kind of tools to use, business owners should consider the size of their company, the complexity of its structure, the organization’s aims, and the type of cloud architecture deployed.
     
    We tried to emphasize that the transparency of cloud costs is an integral part of keeping cloud spending within the normal (for your company) range, forecasting future possible expenditures, and planning the IT budget.
     
    “The easier – the better”. So, register for Binadox free trial to check how effortless cloud assets monitoring can be and decide whether it’s time for you to go beyond native tools.
     

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