cloudtamer.io, an “innovative” software company providing its multi-cloud governance solution, has announced the launch of its newest feature to optimize customers’ cloud spend across providers – to identify savings opportunities.
The newest feature in cloudtamer.io’s roster of offerings will scan user’s cloud environments to identify abandoned and underutilized resources, which will then be displayed on a dashboard as ‘Savings Opportunities’ within the application. Users are able to scan on demand or on a schedule. The near-real-time view would allow users to evaluate potential cloud savings that might ordinarily go unnoticed for weeks, months, or even years.
“Moving to the cloud lowers the barrier to entry for companies building applications and managing workloads. While it’s easy to spin up resources and access the services needed, it’s also very easy to forget about the resources that are no longer needed or are overprovisioned based on the current usage of the system,” said Brian Price, CEO and co-founder of cloudtamer.io. “When a company is scaling quickly in the cloud, it’s difficult to focus the time and be disciplined enough to go back to identify abandoned resources until it’s too late. By then, unnecessary costly spends have already occurred.”
Cloud Cost Savings
The ‘saving opportunities’ feature would identify rightsizing and decommissioning opportunities. Rightsizing opportunities identify resources with utilization patterns that suggest where a customer can save money by scaling back, such as Amazon EC2 instances with very low CPU utilization.
Decommissioning opportunities identify resources that are not being used and can be decommissioned. In addition to identifying these opportunities, the feature will also display how long resources have been in existence and will provide an estimate of how much money will be saved if action is taken.
“We are giving our customers increased visibility into spending that might ordinarily go unnoticed for some time,” added Mr. Price. “Given the pressure many industries are facing to reduce internal costs due to the uncertain duration of COVID-19’s impact to their businesses, we wanted to provide this timely feature, making it one less thing our customers need to worry about. The cloud is already complex enough; our goal is to help take the guesswork out of cost savings.”
