Today’s businesses run in the virtual world. From virtual machines to chatbots to Bitcoin, physical has become last century’s modus operandi. Dealing with this type of change in business even has its own buzzword – Digital Transformation. From an information technology operations point of view, this has been manifested by organizations increasingly placing applications, virtual servers, storage platforms, networks, managed services and other assets in multiple cloud environments. Managing these virtual assets can be much more challenging than it was with traditional physical assets in your data center. Cost management and control are also vastly different than the physical asset equivalent. Challenges abound around tracking and evaluating cloud investments, managing their costs and increasing their efficiency. Managers need to track cloud spending and usage, compare costs with budgets and obtain actionable insights that help set appropriate governance policies.