Apptio, a technology spend and value management company, today launched FinOps capabilities to its Cloudability product family, further reducing the complexity of managing and optimizing multi-cloud environments.
New releases include expanded optimization recommendations across the major public cloud providers, support for Red Hat OpenShift Service on AWS (ROSA), and Cloudability Savings Automation. These innovations promote multi-cloud parity by improving visibility into resource and container usage and spending across different cloud platforms, yielding greater financial savings.
“Having an effective FinOps strategy today means more than just adopting cloud and keeping tabs on the cost – businesses need to optimize and drive value with every dollar spent,” said Julian Casabene, cloud operations lead at ANZ. “Cloudability, along with the upcoming Cloudability Financial Planning tooling, lets us plan and forecast at the pace of innovation while ensuring our investments are optimized, no matter the cloud environment.”
Cloud-native application innovation and economic pressures drive a continued rise in public cloud usage, and subsequently, a rise in FinOps adoption to manage growing cloud costs and complexity.
This is more imperative today given the surge by cloud decision-makers to use two or more public clouds, with the number of organizations leveraging a multi-cloud approach rising more than 40 percent on the Apptio Cloudability platform.
FinOps practitioners look to drive value with every dollar spent by increasing efficiency and optimization and bringing visibility and control to the total cost and unit economics of running applications across the cloud. To support these needs, FinOps platforms need to provide additional data-driven capabilities and multi-cloud support.
Apptio extends Cloudability’s leadership in FinOps with additional rightsizing and optimization recommendations across Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). The breadth of services includes:
- Azure Savings Plan Recommendation – Cloudability offers recommendations for Azure Savings Plan purchases, enabling customers to analyze, strategize and optimize cloud costs by increasing their committed spend coverage.
- GCP Committed Use Discounts (CUD) Recommendations – Users can adjust the scope of evaluated usage and shift the preferred coverage level up and down to match their profile. Improved visibility leads to higher CUD coverage and lower hourly rates for virtual machines.
- Workload Planning (in Beta) – Provides users the ability to model costs and select resources for a range of server types across Azure, AWS, and Google Cloud Platform.
Through its improved Kubernetes integration, Cloudability surfaces container usage and spending with ROSA to identify areas of inefficiency or overspending and then makes recommendations to right-size utilization or save costs.
This builds on Cloudability capabilities with container cost management and allocation in the public cloud, with automated cluster cost mapping and intelligent resource utilization data and allocation.
The innovation in Cloudability is enhanced by expanding capabilities across the Cloudability family. In addition to the recently announced Cloudability Government offering, Cloudability Financial Planning is in beta, bringing its financial planning and forecasting and other Technology Business Management (TBM) capabilities to multi-cloud deployments.
Finally, Cloudability Savings Automation is a new name and version of Cloudwiry, which Apptio acquired in January. Cloudability Savings Automation gives Cloudability users savings automation tools that manage savings instruments for customers and maximizes savings by adjusting those savings instruments to fit the pattern of resource usage.
“Our customers are choosing to use more than one public cloud, and they want the advanced financial management capabilities we’ve provided on the private cloud and on-prem side across this new hybrid, multi-cloud environment,” said Eugene Khvostov, chief product officer at Apptio. “This release is the culmination of our team pushing the envelope of what’s possible with FinOps in a multi-cloud world, and we’ll continue to deliver deeper integration with container and cloud platforms with greater automation and performance.”
For more information on the new FinOps capabilities of Cloudability, visit Apptio.com/cloudability.
To hear more about how Apptio is creating FinOps innovation, register for the FinOps X conference, June 27-28, in San Diego. Apptio Senior Director of Product Marketing Marisa Banigan will be joined by HERE Technologies’ David Van Hoeven in a session titled, “Driving Intelligent Investment Decisions with Unit Economics and Product Profitability” at 1:10 p.m., (PT) on June 28.