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Cloud management platforms (CMPs) provide monitoring controls and tools for governance over multiple cloud environments. They provide a wide range of capabilities, including cost management, service monitoring, security and compliance, and performance monitoring. CMPs are offered in the form of software-as-a-service, platform-as services, and infrastructure as a service.

Cloud monitoring:

CMPs provide real-time cloud utilization reports and alerts. This allows IT teams to track usage patterns as well as monitor performance and ensure that services are running. This helps to prevent overspending by identifying unutilized or inefficient cloud usage, that can be released for cost savings. CMPs also permit organizations to set budgets, implement cost control policies and get notifications when spending is over the limit.

Service management:

A quality CMP provides a set tools for managing cloud-based services like capacity planning and workload deployment, lifecycle management and more. It can aid in automating processes and minimize human involvement while minimizing the chance of errors. A CMP assists in identifying performance bottlenecks, and can be used to increase or decrease the resources according to the demands.

Security:

It is important that the CMP be easy to use and navigate without requiring IT staff to learn the ropes. It should also incorporate robust security features, such as granular access controls and data encryption. In addition, it should have the ability of transferring data between clouds and between different versions of the same cloud platform. A reliable CMP will allow organizations to be in compliance with industry standards.