Cloud management platforms (CMPs) provide monitoring controls and tools for governance for multi-cloud environments. They offer a broad set of capabilities for cost management as well as service management monitoring, performance monitoring, security and compliance. CMPs are available as software-as a-service, platform as an infrastructure service, or platform as a service.
Cloud monitoring:
CMPs provide real-time cloud usage report and alerts that allow IT teams to monitor trends in usage and monitor performance virtual data room due diligence to ensure that services are running. This helps in preventing spending too much by identifying underutilized or outdated cloud usage which can be repurposed for cost savings. CMPs enable organizations to create budgets, apply policies for cost control and receive notifications when spending goes over limits.
Service management:
A quality CMP offers a set of tools for managing cloud-based services such as capacity planning and lifecycle management, workload deployment, etc. It can automatize processes, reduce human involvement and reduce mistakes. A CMP helps to identify performance bottlenecks and can be utilized to scale up or down the resources to meet demand.
Security:
It is crucial that the CMP be simple to use and navigate without requiring IT personnel to endure a long learning curve. It should also come with robust security features, including granular data encryption and access control. It should also be able to support the transfer of data between clouds and versions of the same platform. A good CMP helps organizations to comply with industry standards.