This week, Forrester published The Forrester Wave™: Cloud Cost Monitoring and Optimization, Q2 2018 report. For those of you who aren’t familiar, the Forrester Wave is a rigorous vendor evaluation conducted over several months by the Forrester Research team. It’s meant to help enterprises put together a short list of vendors for them to evaluate.
The analyst conducts initial research to determine if the product or service is mature enough and garners enough buyer interest for a Forrester Wave. We think the Cloud Cost Monitoring and Optimization Wave demonstrates that this market is reaching a new level of maturity. (Click here to download your copy of the Forrester Cloud Cost Monitoring And Optimization Wave report.)
I’m excited about this report for many reasons: first of all, it provides an excellent set of criteria for enterprises to use when selecting a cloud cost monitoring and optimization solution. Secondly, CloudHealth Technologies is a leader in this evaluation with the top score in the Market Presence category. The Forrester report notes that “To support governance, CloudHealth’s platform is built around a robust policy engine that provides templatized workflows for policy creation with a unique embedded quality assurance process.”
This evaluation included an in-depth evaluation of the nine leading vendors in the cloud cost monitoring and optimization space. Of these, four were named leaders, three were named strong performers, and two were named contenders. Just to be included in this evaluation, vendors had to meet the following criteria:
Let’s dive into the criteria that Forrester deems important for your vendor selection process. They break criteria into three sections: current offering, strategy, and market presence. Current offering and strategy make up the X and Y axis that plot a vendor’s place on the Wave. One thing I really appreciate about the Wave is the rigorous methodology behind it that allows you to see exactly why vendors are ranked and placed where they are. You can even download a Wave scorecard and change the weightings to get your own customized vendor shortlist.
Evaluation criteria under current offering include:
Evaluation criteria under strategy include:
Evaluation criteria under market presence include:
Ready to dive into the analysis yourself? Download your copy of the Forrester Cloud Cost Monitoring And Optimization Wave.