Site24x7 has announced the general availability of Site24x7 CloudSpend, its cost analytics solution for public cloud platforms.
The new solution is aimed at bridging the gap between capacity planning and cost optimisation for resources running in Amazon Web Services (AWS) environment. CloudSpend’s business intelligence (BI) insights enable businesses to visualise runaway expenditures and implement effective budget controls, while reducing operational expenditure (OpEx) across multiple accounts.
Site24x7’s CloudSpend seeks to address various cost optimisation issues with 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, and thus helps in reducing overall OpEx.
“With pay-as-you-go pricing models, public cloud platforms are strategic drivers for digital transformation. 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 wants to optimise it to reap greater results,” said Srinivasa Raghavan, product manager, Site24x7. “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.”
Site24x7 CloudSpend offers a quick snapshot of an organisation’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. It also aims to deliver optimum security with self-hosted data centers, redundant grid architecture, encryption in transit, ISO/IEC 27001 certification, GDPR compliance, and SOC 2 certification, plus strict policies and processes, Site24x7 CloudSpend provides top-of-the-line security.
The new addition along with the existing full stack monitoring insights reiterate the company’s commitment to help customers run more efficiently in the cloud. The company also plans to extend the Site24x7 CloudSpend capabilities to other cloud platforms like Microsoft Azure and Google Cloud Platform, in the near future.
Site24x7 CloudSpend is available at https://www.site24x7.com/cloudspend/, free of cost for AWS bills less than $3,000 per month. Site24x7 CloudSpend is planned to be priced at 0.5% of AWS bill amounts greater than $100,000, and 0.8% of AWS bill amounts between $3,000-$100,000.