FinOps Teams Quickly Centralize AWS & Azure Cost and Activity Management with IAM Health Cloud

FinOps organizations rely on a skilled central team to negotiate rates, track cloud spend, and monitor usage. These teams face significant challenges—especially at large companies with complex IT needs. These large companies have data scattered across multiple AWS and Azure accounts and organizations. The FinOps team is forced to waste valuable time and resources collating scattered metadata and cloud formation information to create reports, track benchmarks, and achieve goals.

This is an incredibly difficult task that forces the purchase of mediocre, expensive software; costly development of internal tools, and reliance on inconsistent scripts and hacks. This situation is both common and extraordinarily difficult, and it stands in the way of the proper phases of a FinOps deployment. Keeping long term controls in place is almost impossible over the long term as teams struggle to monitor a single company’s IT systems in multiple interfaces, tools, and locations.

IAM Health Cloud instantly solves these problems. IAM Health Cloud is a unique solution that provides comprehensive data on all AWS and Azure resources in a single pane of glass. Analysis, visualization, and notification for every single AWS and Azure asset live in one place. Information is provided in real time, with no delay, so FinOps teams can immediately spot anomalies. Cost and spend are tracked instantly, minute by minute, to ensure teams are on track to meet contractual minimums without overspending.

IAM Health Cloud is a powerful analytical tool that instantly finds wasted resources or inefficient and insecure configurations. In addition to traditional forms of analysis and reporting, IAM Health Cloud provides secure, private analysis through large language models. Customer information is never touched—IAM Health Cloud completely avoids the operating system and data layers—and data is obfuscated before it is passed to the model. Personalized, secure natural language models let users have a conversation with their data and discover new things.

In a test at a large, highly regulated public company, IAM Health Cloud found and wiped out over one million dollars in waste. The test company adheres to financial best practices and does not have a large number of obvious, easy to spot overspending problems. The companies IT spending and deployments are regularly audited by large accounting firms, and they did not discover what IAM Health Cloud did.

The wasteful mistakes IAM Health Cloud found were subtle and cumulative—the total effects were split across multiple accounts, hiding their impact. These problems were novel and often unique to the exact deployment in question. Other third party tools scan for generic issues account by account and organization by organization without a central analytical engine to paint a full picture of what is going on. IAM Health Cloud’s powerful collation and analysis found problems no other piece of software could.

The million dollars in savings came from a small test run on a very small percentage of total accounts, not a full deployment across their entire cloud infrastructure. A full deployment will save millions or tens of millions more.

IAM Health Cloud delivers all of these savings and benefits inside an extremely lightweight, open framework. IAM Health Cloud centralizes cloud inventory, reporting, and cost management without forcing anyone to learn a new tool, scripting language, or system. Data from any source can be imported and analyzed—it just needs to be in .csv or JSON. The entire interface lives inside AWS CloudWatch Dashboards with tie ins to AWS SNS and other standardized tools.

Cost data is visible, processed in real time, and available to the entire organization. Teams can be held responsible for their minute to minute costs without the headache of training, monitoring, and deploying a heavy, bloated program with fewer features and less flexibility.

IAM Health Cloud is the absolute best way for a FinOps team to track their entire company at one time in one place. Reach out today to find out how we can help!