Site24x7’s new cloud cost analytics solution is aimed at bridging the gap between capacity planning and cost optimization for resources running in an Amazon Web Services (AWS Cloud) environment. CloudSpend’s business intelligence (BI) insights would enable businesses to visualize runaway expenditures and implement effective budget controls, while reducing operational expenditure (OpEx) across multiple accounts.
Idle Cloud Resources
Cloud complexities would arise due to unmonitored, underused or idle cloud resources on various platforms in multiple accounts, resulting in overspend. To eliminate these undesired expenses, Site24x7 has introduced this solution that can help monitor and optimize their cloud costs without impacting their services.
Site24x7‘s CloudSpend solution brings a holistic view of cloud expenditures across multiple accounts from a single console. CloudSpend also provides IT teams (IT financial planners & cloud service providers) BI insights for addressing cloud cost adjustments that achieve priority-based resource allocation.
“With pay-as-you-go pricing models, public cloud platforms are strategic drivers for digital transformation,” said Srinivasa Raghavan, product manager, Site24x7. ” Since digital transformation is largely a process and not the end goal, businesses not only want to embark on their digital transformation journey, but also want to optimize it to reap greater results. CloudSpend’s addition to our AI-driven monitoring capabilities not only streamline and enhance performance of their applications on AWS but maintain an equilibrium when it comes to cloud spending, thus creating a win-win situation for DevOps and IT teams.”
Highlights of Site24x7’s cloud analytics platform CloudSpend include:
- Business Units – With business units, organizations can attribute spending to one or more entities based on tags and understand costs by different projects, departments, teams or cloud customers.
- Budgets – Set budget limits for AWS accounts, business units or tagged resources and receive notifications when spending exceeds the budget.
- Out-of-the-box views – Gain a quick snapshot of an organization’s AWS expenditure broken down by various dimensions, including linked accounts, service type, region and user-defined tags with options to schedule them as reports.
- Security – CloudSpend makes use of self-hosted data centers, redundant grid architecture, encryption in transit, ISO/IEC 27001 certification, GDPR compliance, and SOC 2 certification.
Read more at Site24x7 Unveils Cost Analytics Platform For AWS Cloud on Website Hosting Review.