One of the key challenges for businesses is realizing that everything they do in the Cloud costs money. Relatively small changes in how a cloud computing application is written and/or deployed can have dramatic effects on its cost basis.
This is the essence of the CloudSplit offering: Cost Control for your Cloud Spending. We know that a key friction point in the adoption of Cloud Computing is related to understanding the cost of moving to the Cloud. We see four specific areas where the CloudSplit offering can add value:
- Cost Insight: The ability to evaluate your spending in the Cloud across vendors and applications in real-time. The capability to understand what services and transactions are costing the most and where they are originating.
- Cost Control: The ability to control cloud spending via alerts and stop loss mechanisms. With thresholds set by specific application, server and transaction type.
- Cost Prediction: The ability to predict future costs based on current trends across comparable market sectors
- Cost Reduction: The ability to price compare different cloud vendors and suggest the best vendor to use for a given workload.
CloudSplit will provide all users with a free version of the software that is focused on cost insight. This will allow CloudSplit to generate a substantial cloud utilization database across the major Infrastructure as a Service players (Amazon, RackSpace, Microsoft Azure, Joyent and GoGrid). This data can then be used to generate analysis that is used to drive sales of the higher end (paid) services.