Cloud technology is much more than simply a cost center. Shifting to cloud servers makes it possible to enable innovation at a larger scale, ensure faster production and drives competition by the swift response to customers. Hence, increasing numbers of businesses are looking to convert their organization’s digital strategy quickly. This is where cloud cost management tools come handy.

Although it is highly beneficial to shift to cloud servers from on-site servers, some certain key factors and parameters need to be reviewed before making the move. Also, if you are already based on cloud servers then you may want to find ways to optimize cloud costs for your enterprise.

About Open Source Cloud Cost Management Tools

Open source cloud cost management tools are advanced software and tools that businesses can use to monitor and control their cloud computing services. Recently, increasing numbers of business organizations have started facing new challenges in visibility after shifting to cloud computing.

About Open Source Cloud Cost Management Tools

About Open Source Cloud Cost Management Tools

As more and more business organizations want increased integrity, usability and security, there is an increasing demand for cloud cost management tools. Open source cloud cost management tools are designed to help companies get more control over their cloud computing resources. A business can use cloud cost management solutions in private and public cloud computing services. There are large varieties of cloud cost management tools that help business organizations in the building, buying, managing, monitoring, tracking and ultimately optimizing their cloud resources.

With the help of these cloud cost management tools, businesses can now save on time and resources while ensuring that their IT departments can focus on the core business goals. These cost management apps are extremely useful to monitor the user interaction with the cloud storage and to manage their resources in the best possible manner.

Some of the major features of the top cloud cost management tools include:

  • Unified management across different clouds
  • Easy to integrate with 3rd-party monitoring and configuration tools
  • Dashboards and reports with detailed information about the consumption of cloud resources
  • Alerts and notifications when pre-set limits of resource use are reached
  • Controlled access to resources for prevention of over-use or non-authorized access
  • Simplifying management of cloud environments
  • Decreasing complexity and cost of managing numerous activities
  • Speed
  • Flexibility
  • Security
  • Cost efficiency

Advantages of Open Source Cloud Cost Management Tools

It is obvious for the question to arise, “Which is the best cloud cost management tool for me?”

Advantages of Open Source Cloud Cost Management Tools

Advantages of Open Source Cloud Cost Management Tools

Actually, an open-source cloud cost management tool is highly advised by experts. As open-source technology has become the center of cloud computing services, administrators have started preferring these to commercial cloud cost management apps. The open-source apps are extremely useful as they ensure detailed system analysis and complete network security. Keep in mind the specific requirements of your business organization for choosing the best-suited cloud cost management tool in open source technology.

The global cloud cost management tools market is growing remarkably every year. The reasons for the growth are the need of business enterprises to have better control over their IT expenditure, as well as the increase in the adoption of multi-modal IT service delivery environments and the swift deployment of virtual workloads.

List of Popular Open Source Tools for Cloud Cost Management for 2020

Check out the list of the most popular and reliable open-source cloud cost management tools:

List of Popular Open Source Tools for Cloud Cost Management for 2020

List of Popular Open Source Tools for Cloud Cost Management for 2020

1. Apache CloudStack

The Apache CloudStack is an open-source, multi-tenant, multi-hypervisor, highly-available IaaS (Infrastructure as a Service). It is designed for creating, deploying and managing cloud-based services using a complete set of advanced features and components for cloud-based servers.

Apache CloudStack uses existing hypervisors, such as VMware, KVM, VMWare vCenter, VMware cSphere and XenServer/XCP for virtualization. It can also conduct non-technical aspects of cloud-based services, such as metering and billing.

2. OpenStack

The OpenStack cloud cost management tool includes software tools that help in creating and managing cloud computing services, using pooled virtual resources. It contains ‘projects’ which are tools made in the OpenStack platform which help to manage core cloud services, such as computing, storage, networking, identity and images.

OpenStack tools can help to control large batches of computing, storage and networking using resources from the data center and are managed with OpenStack API or a dashboard.

3. ManageIQ

The ManageIQ is another top open-source cloud cost management tool. It offers help with managing small and large virtual environments and also supports advanced technologies, such as public clouds, virtual machines and containers.

With ManageIQ users can download any virtual appliance and deploy copies of the virtual appliance into virtualization platforms like VMware or OpenStack.

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Steve is a product-marketer and Engineer at Cloudysave who works with Cloud Management and Adoption team. Over the past years, he has collaborated with multiple teams to provide a robust and cost-effective architecture patterns to influence business and engineering decisions. His key areas of interests include Cloud Costs Management, Security and DevOps Best-Practices.