Apptio, the leading technology spend and value management company, launched new FinOps capabilities to its Cloudability product family, further reducing the complexity of managing and optimizing multi-cloud environments. New releases include expanded rightsizing and optimization recommendations across the major public cloud providers, integration with Red Hat OpenShift Service on AWS, and Cloudability Savings Automation – the updated name and latest version of Cloudwiry, which Apptio acquired in January 2023.
These innovations allow customers to deploy a consistent multi-cloud FinOps strategy and to optimize financial savings with improved visibility into resource consumption, container usage, and spending across different cloud platforms. In addition, Apptio recently announced its Cloudability Government offering, and the new Cloudability Financial Planning, currently in beta, that brings Apptio’s proven financial planning and forecasting capabilities to multi-cloud deployments.
Cloud-native applications and economic pressures are driving a continued rise in public cloud usage, and, subsequently, a rise in FinOps adoption to manage growing cloud costs and complexity. This is even more imperative with the number of organizations using a multi-cloud approach rising over 40%, according to Apptio Cloudability usage data. FinOps practitioners are looking 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 cloud.
Also Read: CORRECTING and REPLACING Apex Fintech Solutions Launches 24/5 Trading
“In 2023, everyone is asking about FinOps,” wrote Tracy Woo, Senior Analyst at Forrester. “Conversations almost always fall back to FinOps and the question of, ‘How can we manage our spend better?’ Executives have caught on to the FinOps buzz and want to know what it can do for them and their business.”
“50% of companies cite overall cloud costs and visibility into those costs as their biggest business challenges, with visibility a particular issue for beginners in the cloud. Even organizations with a single cloud strategy find themselves in a multi-cloud environment when making acquisitions,” said Dan Ortman, Global FinOps Practice Director at SoftwareOne, a leading global software and cloud solutions provider and Apptio strategic partner. “The ability to have consistent visibility and reporting enables them to take advantage of scale and get the most out of their collective cloud investment.”
Through its improved Kubernetes integration, Cloudability surfaces container usage and spending with Red Hat OpenShift Service on AWS to identify areas of inefficiency or overspending, and then makes recommendations to right size utilization or save costs. This builds on the existing Cloudability capabilities with container cost management and allocation in the public cloud, with automated cluster cost mapping and intelligent resource utilization data and allocation.
SOURCE: PRNewswire