Steps to Take to Manage and Optimize Your Environment
The below steps outline how PyraCloud can be used to simplify the governance, budgeting, spend tracking and charge back of cloud costs to your organization. PyraCloud can do this across your on-premise and multiple cloud environment.
Creating Azure Tags
Centralize tagging across your Azure (and AWS) environments. This enables you to discover, group and consistently tag cloud resources across your cloud providers – manually or through automated tag rules. Maintaining a consistent tagging structure allows you to see resource information from all cloud providers for enhanced governance, cost analytics and chargeback.
Creating Azure Hierarchy
Structure workloads and environments into business units and cost centers. You can define your hierarchy based on your internal reporting needs. Resources can then be grouped into business units and cost centers. You can also split the cost of shared resources such as storage or security services across multiple groups to better manage usage and spend.
Establish Azure Budgets
Set budgets by business unit or project. By setting budgets, you can track costs down to the workload level, establishing strong
accountability for cloud spend. Once set, you can view where your organization is against that specific budget, for the defined length of time. Additionally, indicators and alerts can be set to show you how your organization is tracking against budgets.
Analyze Azure Spend
Customized reports and dashboards provide insight into cloud budget and spend across your Azure (or multi-cloud environment as shown below) including reserve instance spend. These insights enable lines of business and stakeholders to govern, manage and optimize budget and spend of cloud resources.
Distribute Azure Costs
Consolidate Azure spend, mark-up as required and distribute the costs across your organization. You no longer need to manage this
process manually, you can allocate cloud costs by creating internal chargeback’s. These chargeback’s can then be shared with key stakeholders across your business to show the precise amount of cloud resources they have consumed within a given time period.
Optimize your Azure Environment
Leverage intelligent recommendations and suggestions to optimize, streamline and improve your Azure Environment. Recommendations provide bespoke and tailored recommendations that help you to identify cost saving opportunities, streamline spend, uncover underutilized resources and track other key success metrics.
Azure Hybrid Use Benefit and Reserved Instances
In addition to continuously monitoring costs in Microsoft Azure and optimizing resources i.e. ensuring that idle resources are cleared as quickly as possible. There are other ways to save costs in Azure - Reserved Instances and the Azure Hybrid Use Benefit.
Azure Hybrid Use Benefit (AHUB) is a pricing offer that helps customers maximise the value of their existing on-premises Windows Server and/or SQL Server license when migrating to Azure where customers pay a reduced rate on Azure Virtual Machines. It is important to track where AHUB is being used across your organization and PyraCloud can help you do this.
Azure Reserved Instances help customers to save money by committing to a one-year or three-year plan for virtual machines. In return, you receive discounts of up to 72 percent on the selected resource. PyraCloud provides recommendations on possible optimizations i.e. which virtual machines may benefit from reserved instances or identifying which existing reserved instances are not being utilized. Watch our short 2-minute video below to see it in action: