Anodot’s ‘newer generation’ automation and AI-driven capabilities address evolving enterprise requirements for cloud cost optimization.
Anodot, a cloud cost management platform provider, has been named a Visionary by Gartner Research in the 2024 Gartner Magic Quadrant for Cloud Financial Management (CFM) Tools.
“AI affects the customer bottom line more profoundly than any other element of cloud cost optimization, and we believe that this recognition as a Visionary is an independent signal validating what Anodot customers have already discovered,” said David Drai, CEO of Anodot. “Anodot believes this is an apt description of how our engineering team is pioneering the application of AI and automation to cloud cost optimization, enabling enterprises to experience a whole new level of capabilities and cost savings.
“We’re getting an increasing volume of inquiries from leading MSPs and enterprises looking for paths to migrate off legacy players, as they’ve realized changes in business practices, licensing restrictions, escalating costs, and stagnant product roadmaps are diminishing the value of those first-generation cost management platforms. At Anodot, we’re innovating to add new capabilities like AI-based premium features that the old-school incumbents have stated they have no interest in building for their users,” concluded Drai.
Also Read: Tropic Enhances Spend Management with AI Solution
Through the application of automation and AI-based technology, the Anodot platform enables its users to:
- More accurately budget and forecast
- Detect anomalies that lead to waste
- Provide saving recommendations and then automatically track those savings.
monday.com Boosts FinOps Efficiency with Anodot’s Automated Recommendations
monday.com is creator of the work management platform that enables teams to manage projects and workflows confidently. The company depends extensively on cloud infrastructure, particularly AWS, to drive its vast global operations. monday.com used Anodot to replace time-consuming, manual FinOps processes with a fast and efficient automated system, leading to faster cost-saving decisions, smarter workflows and reduced administrative overhead.
“After more than two years with Anodot, their ability to quickly adapt and consistently implement innovative features like automated recommendations has been a game-changer for us,” said Yariv Shoshany, TechOps team lead at monday.com. “This long-term partnership continues to be exactly what we were looking for.”
Source: PRNewswire