Maik Skoddow
Tera Patron
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Table of Contents

My library Knowledge Sources To Go is very popular, but it was intended mainly as a thematically grouped guide to standard sources and was provided by me as a PDF file. For certain topics, however, there is so much content that I can no longer include it in that document, as it cannot continue to grow forever.

For this reason, I have decided to handle such topics in individual community articles like this one instead.

 

 

 What is Cloud Cost Management?

 

The Cloud Cost Management application (formerly known as Cloud Insights) gives you visibility and control of your cloud usage and costs and helps you to discover all of your cloud resources, breaks down cloud spend by cost center, business service, and other entity, provides recommendations on how to reduce cloud spend, and automates repetitive cost optimization tasks.

 

Features:

  • Unassigned resources: Identify and assign resources appropriately to maintain cloud governance throughout the lifecycle.
  • Unused machine analysis: Analyze usage data to identify and power-off or terminate resources that aren’t being used.
  • Insights ownership: Assign service accounts to a dedicated owner who can define jobs and policies, and view data. 
  • Cost tag categories: Normalize tags in your environment to classify cloud resources and simplify cloud cost reporting.
  • Bring your own license (BYOL): Mitigate software license compliance risk and lower costs across your hybrid cloud infrastructure.
  • Reservation plans: Receive guidance and recommendations to drive down costs and utilization of reserved instances.
  • Cloud budgeting: Monitor and create flexible budgets, and accurately forecast cloud spending.
  • License and cloud cost simulator: Estimate costs for moving licenses from on-premises to the cloud.
  • Asset management executive dashboard: Oversee software, hardware, and cloud technology at the executive level.
  • Business hours: Identify, report, and make changes to resources that are running when they should be powered off.
  • Cloud spend analytics: Generate cloud spend, trend, and forecast reports and adjust to improve spending automatically.
  • Cloud spend dashboard: Track hybrid cloud spending in one place, including SaaS, IaaS, and PaaS, and cut cloud costs.
  • Rightsizing resources: Monitor and analyze resource provisioning and usage levels, and adjust sizes to reduce waste.

 

 

 

 

Product Information

Entry point to the official product information pages.

 

Product Documentation

Entry point to the official product documentation

 

Data Sheet

Summarized overview in one PDF file:

 

Best Practices in Cloud Spend Management

White Paper

 

Implementation Insights

From a People, Process, Data/Analytics and Technology perspective the typical insights and risks that may be faced during an implementation along with recommended solutions and mitigation options.

Process Guide

Provides detailed guidance on the way that ServiceNow intends the process to-be, for Cloud Cost Management.

 

 

 

Trainings & Courses

Cloud Cost Management

This course provides an overview of ServiceNow Cloud Cost Management (CCM), review of necessary prerequisites and plugins, configuration guidance for discovering and evaluating cloud data, and instructions for creating CCM policies.

 

 

 

Articles & Blog Posts

 

2023-09-20 by @Adam Smith-Cair 

What's New In Vancouver for Cloud Cost Management

Launched during our Q3 Store release on August 3, 2023, as part of the Vancouver ServiceNow Platform release.

 

2023-09-20 by @Faith-Chia  

What's New in Washington D.C. Release for Cloud Cost Management

For the Washington D.C. release, there are two key features:

  1. Container cost management
  2. Shared cost allocation

 

 

 

Videos & Podcasts

 

2022-07-28 by ServiceNow Community

Cloud Infrastructure Cost Optimization

This Live Event offers insight into realizing cloud savings and optimization. Topics include:

  • Team structure to support Cloud initiatives
  • Goal setting for Cloud Savings & Optimization
  • Ingesting billing data
  • Establishing policies and cloud workflows

 

2022-09-14 by ServiceNow Community

Cloud Cost Simulator 

Simulate the cost of moving your on-premise resources to the cloud environment before performing the migration.

 

2023-08-10 by ServiceNow Community

The 3 cloud cost management insights you’ll want to share with your FinOps team

Be among the first to know about what’s new with Cloud Cost Management and how to use this product and practice to optimize your cloud resources and infrastructure. This webinar will go beyond the new features—which we’ll gladly demonstrate what’s new in the upcoming Vancouver release - but we will also address a new direction for what has been our Cloud Insights product and how it fits nicely into your FinOps practice and within ServiceNow’s overall asset management solutions and strategy.

 

 

 

Troubleshooting

Known Error Portal

 

Pre-configured filter for the respective topic. Remove the query string or modify the filters on the left side if you want to narrow down the search results in a different way.

 

 

Selected Articles

 

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Comments
SLK Gupta
Tera Guru

Thank you @Maik Skoddow for this informative article😊.

Michael de Boer
Giga Guru

Thank you for the information?
Do you know if this works on a PDI?
Because it need the MetricBase Plugin.

 

Version history
Last update:
‎12-13-2024 01:31 AM
Updated by:
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