Cost Optimizer Overview

Overview

Cost Optimizer is a comprehensive cloud cost management and optimization solution that analyzes cloud-deployed workloads and consumption patterns and identifies cost-optimization strategies. The Cost Optimizer solution helps you to rightsize your cloud workload instances, minimize overprovisioning, and avoid paying for resources that do not deliver business value.

Terminology

Throughout this document, you will refer to the following terms:

TermDescription

Cost Group Type

Maps to the various functions in an organization, for example, Development, HR, IT, and so on.

Cost Groups

Hierarchical structure to define your organization and distribute billing units.

Cloud Account

Credentials for logging in to a cloud provider.

Billing Units

Refers to different entities depending on the cloud. These entities are account IDs in Amazon cloud, Project IDs in Google cloud, Subscription ID in AzureRM cloud, Datacenter name (prefixed with the cloud group) in vCenter clouds, Project ID in OpenStack cloud, and Namespace UID in Kubernetes cloud.

Features

The features in Cost Optimizer are:

  • Comprehensive cost reporting

  • Aggregated inventory across supported public and private clouds (virtual instances, volumes, workloads, and services present in the cloud accounts)

  • Cost saving through the following recommendations:

    • Rightsizing

      • Applicable to public clouds

      • Based on usage metrics

      • Reservation-based rightsizing

      • Per-tenant configuration

    • Reserved instance opportunities (supported on AWS EC2 only)

      • Identify reservation opportunities

      • Resizing, utilization, coverage, and analysis of instances

      • Savings and purchase recommendations

      • Expiration alerts

Infrastructure

For setting up the Cost Optimizer infrastructure, see Suite Install 5.0 Home > Installation ApproachPrepare Infrastructure

Module Update Considerations

When updating the Cost Optimizer module, be aware that the update occurs for several minutes. During that time there may be a loss of connectivity between the CloudCenter Suite and individual cloud regions even after the Suite Admin UI indicates that the update has completed. Therefore, it is encouraged to keep this potential loss of connectivity in mind before applying updates.

Logging In to Cost Optimizer

In Suite Admin Dashboard, click the Cost Optimizer card to open Cost Optimizer.

  1. Enter the following:

    • Email 

    • Password

    • Tenant ID of your organization

  2. Click Login.

Cost Optimizer opens in the Cost Optimizer Dashboard page. 

To log out, click the Welcome <username> text in the top-right corner and choose Log Out.

Related Information

See the following sections for detailed information about the Cost Optimizer features:


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