How To Avoid Overspending in Your Cloud Accounts Without Slowing Innovation

Date Posted: 09.13.21
Read Time: 10 min

As your business develops software and adopts cloud strategies to drive value to your internal and external customers, a new challenge forms—managing cloud costs. Cloud computing can get expensive if activities aren’t tracked and measured.  One report noted that, “[cloud] costs are rising, and companies struggle to predict them accurately.” 

Unfortunately, most monthly cloud billing reports are unclear on how the costs tie back to your business. And implementing some governance policies to gain visibility into your cloud expenses can end up impeding innovation speed. 

This post reveals a few ways that you can use Torque’s Cost Dashboard feature to avoid overspending in your cloud accounts without being a bottleneck to innovation. 

3 Tips for Managing Cloud Costs Using Torque’s Cost Dashboard Feature 

Tie Expenses Back to Business 

Cloud computing can help you accelerate innovation and support on-demand access to your software around the globe. However, most of the end-of-month billing reports that cloud providers send are complex and full of unexplained charges. Quali’s Torque helps you understand how much money you’re paying for different environments, and it enables you to connect cloud costs back to your business applications, so you can more accurately allocate resources for future needs. 

Identify Trends 

You can’t manage what you don’t measure. While some platforms can provide you with visibility into your cloud expenses, it only does so at the infrastructure level. With Torque’s Cost Dashboard feature, you can gain a single-pane-of-glass view into your cloud expenses at the environment level. 

Torque acts as the cloud orchestrator, so users can apply run-time policies beforehand to manage costs, track environment changes by the business characteristics, and dig deep to identify the purpose, owner, size, project and more to identify usage trends. 

Optimize for Efficiency 

The cost of using cloud resources varies depending on the environment’s scale and frequency. Identifying the changes that will provide you with the most value is almost impossible with traditional billing reports. You can track the use of each of your blueprints and their cost, allowing you to efficiently focus on optimizing cost without impacting innovation speed. 

To learn more about how Torque can help you gain visibility into your cloud resource usage and control costs, click the button below!

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