Contents

    1. Cloud monitoring market 2020

    The public cloud services market share in the global hosting industry was valued at $228 billion in 2019 and grew to $266.5 billion in 2020, an increase by 17%. Surely, the COVID-19 pandemic forced many companies to begin working remotely and move all IT operations they could to the cloud — yet some business-critical data must remain on-prem. Therefore, building hybrid cloud solutions is the obvious choice, and leading cloud vendors offer the tools to manage and monitor such environments using the latest technological advances.

    projected growth in the influence of leading cloud providers

    For example, Oracle cloud customer service now provides a cloud monitoring service leveraging AI/ML tools to monitor both traditional on-prem (Microsoft, Oracle) and public cloud (AWS, GCP, Azure) ecosystems. Scalability and operational flexibility are the key reasons why enterprise businesses shift their workloads to public, private or hybrid cloud environments. However, monitoring the performance of these highly-dynamic systems can be quite challenging without the correct set of tools.

    Thus, the growing adoption of public cloud across various industries boosts the growth of the cloud monitoring tools market. Selecting the solution that meets your business needs best is an essential step towards transparent and efficient monitoring of your cloud infrastructure performance, resource allocation and spending.

    As enterprises move their CRM, ERP, HRM and financial systems to hybrid cloud environments, they need to adopt new monitoring toolset to gain a holistic view of cloud performance metrics, customer flow, logs, data analytics and more.

    infographic of impact of covid-19 on the it sphere growth

    Nevertheless, implementing such systems requires quite significant investments, and selecting the wrong tool might provide insufficient visibility into the infrastructure performance which impedes widespread adoption.

    2. Risks & Challenges in Cloud solutions

    Cloud computing customers actually have quite limited visibility into the infrastructure performance side of things, unless they consume cloud resources under the IaaS model. However, when cloud computing resources are provided under the PaaS model, the customers cannot even monitor the hypervisor level. The need to control the performance of on-prem hardware in hybrid systems is another challenge.

    Challenges of cloud solutions

    A range of tools is required to adequately cover the performance of enterprise-grade hybrid cloud environments. The necessity to run multiple tools might hinder the adoption of such systems, as none of them f]provide the full scope of necessary features. Besides, connections to public cloud resources pose a cybersecurity threat to on-prem environments, increasing the potential attack surface. Thus, high costs and high level of expertise required to run hybrid cloud monitoring solutions slow down the growth of this market.

    Top threats in the cloud: Data Theft, Cryptomining and Ransomware

    IBM X-Force team IRIS conducted an in-depth analysis of cloud-related cybersecurity incident response cases they handled over the past 5 years. This allowed them to highlight the most widespread threats in the cloud and the trends of their evolution:

    Charles DeBeck from IBM X-Force IRIS stated: “Malware cases targeting the cloud environments will grow in numbers, based on the trends we uncovered. Many malware developers are already adding disables for common cloud security features and write their malicious code in such a way as to leverage the scalability and agility of the cloud”

    Focal points of hybrid cloud security

    Massive shift towards remote work due to COVID-19 limitations makes online connections increasingly crucial for business operations. IBM security listed the following focal points for organizations using multi-cloud or hybrid cloud environments:

    3. Why is it important to monitor usage and spending?

    Cloud computing works under the Pay-as-you-go billing model, so you pay only for the resources you actually consumed. However, it is quite possible that some of your cloud instances are underutilized, so you will still end up paying for idling environments. Thus, monitoring tools like Cloudyn provide a cloud services dashboard that highlights the performance and utilization of your hybrid cloud computing resources, from virtual machines to cloud instances. This is essential to minimize spending, as exceeding agreement thresholds can cost quite a lot in the cloud.

    4. Automated Monitoring for your business

    There are several key benefits of using automated monitoring with Cloudyn as compared to manual ad-hoc monitoring and remediation.

    Automated monitoring means reduced operational overhead and financial expenses.

    5. What Is Cloudyn for business?

    Cloudyn is a subsidiary of Microsoft with features similar to Azure Cost Management (ACM). It provides in-detail dashboard reports on cloud resources allocation, usage and monitoring for Azure, AWS, GCP and other cloud service providers.

    Cloudyn dashboards are customizable widgets that provide a high level view of your systems. This makes Cloudyn a single platform for enabling in-detail monitoring and resource management for public, private and hybrid cloud environments. Since acquisition by Microsoft in 2017, Cloudyn has enabled in-depth monitoring cost management for Azure< GCP, AWS and other enterprise cloud systems. This helped greatly reduce the cost-efficiency of cloud transition and ongoing usage for multiple Microsoft customers.

    While initially providing only Amazon API integration, Cloudyn soon acquired customers who used multiple clouds, including AWS and OpenStack. They needed visibility into their multi-cloud ecosystems, but more importantly, they needed a clear overview and a piece of advice regarding their budget allocation across several cloud platforms.

    In cooperation with the Cloudyn development team, AcademySmart solved this challenge in 6 months! Read the full case here: https://academysmart.com/portfolio/.

    6. How to use Cloudyn to manage costs?

    Let’s briefly describe the cost management process with Cloudyn.

    account management dashboard in cloudyn app

    actual costs analysis dashboard in cloudyn app

    7. Reports and reporting features Cloudyn

    Cloudyn provides three main types of reports: Over Time, Analysis and Tabular.

    Any type of report can be delivered on demand or according to schedule. Furthermore, you can use the Costs report to set a threshold and alert on your resource consumption.

    Reports and reporting features

    For example, the image below shows filtered services on an Actual Cost Over Time report.

    actual cost over time report feature in cloudyn app

    the current month projected cost report feature in cloudyn app

    the feature of cost-effective sizing recommendations in cloudyn app

    8. Forecast Period Cloud Technologies

    cloud technologies market forecast infographic

    Global market of cloud monitoring platforms is forecast to grow at a CAGR of nearly 20% during the next 5 years. The ever-present need for cost-effective resource consumption monitoring and security is the most powerful market growth driver. In order to increase the speed and agility of their operations, the end-user industries are massively adopting cloud computing, which further boosts the pace of market growth.

    Selecting the right cost management and resource consumption tool is essential for ensuring your business leverages public, private, hybrid or multi-cloud environments with utmost cost-efficiency. Contact us if you have any further inquiries or want to create a cloud monitoring solution to fit the unique operational DNA of your business!

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