As a member of the FinOps organization, Anodot is excited to sponsor the upcoming FinOps X event in Austin, TX. Anodot’s mission has always been to help organizations solve one of the most recognized challenges associated with public cloud adoption — cost control and optimization. Every feature of our Anodot cloud cost management platform has been built by taking a core FinOps market concern and working backward to deliver a capability that fills that need.
Our product team works closely with customers from different business segments and companies of all sizes, including Nice and Trax, to identify and address their cloud adoption challenges. We develop solutions that directly address our customers’ needs and provide significant value. Examples include the development of features such as K8s container costs, unit economics, anomaly detection, budgeting, forecasting, and more. These enhancements are the result of listening and working with our customers to solve their most pressing issues.
The FinOps Foundation
We’re proud to announce that Anodot is sponsoring the FinOps Foundation’s premier event, FinOps X. The FinOps Foundation is a program of The Linux Foundation ,dedicated to advancing people who practice the discipline of cloud financial management through best practices, education, and standards. The foundation has developed the FinOps framework, an evolving cloud financial management discipline and cultural practice designed to bring accountability to cloud spend and enable organizations to get maximum value by helping engineering, finance and business teams to collaborate on data-driven spending decisions.
The framework also outlines six guiding principles needed for a successful FinOps journey:
- Establish a culture of collaboration across IT, product, operations, and finance teams.
- Accountability for cloud costs at the feature and product team level
- A centralized team responsible for purchasing commitments and negotiating vendor agreements.
- All teams using cloud infrastructure should have access to timely reports.
- Make decisions based on business KPIs.
- Take advantage of the cloud’s variable cost model.
The FinOps journey consists of three iterative phases — Inform, Optimize, and Operate. The Inform phase provides visibility into cloud costs, allocation, budgeting, forecasting, and helps develop shared accountability by showing teams what they spend and why. In the Optimize phase, teams are empowered to take the right optimization actions based on their goals. During the Operate phase, objectives shared by IT, Finance, and business leadership are refined to focus and scale operational efforts through continuous improvement by breaking down the silos between teams. To succeed in this journey, an organization must create a culture of FinOps which involves building a Cloud Cost Center of Excellence built around business, financial, and operational stakeholders and defining appropriate governance policies and models.
Anodot has developed a next generation Cloud Cost Management solution that is well aligned with the FinOps Framework and our customers’ needs. Let’s take a closer look at how Anodot supports the successful FinOps journey through the inform, optimize and operate phases, as well as aligns with the FinOps Foundation principles.
Inform — Visibility & Allocation
Anodot provides full visibility into AWS, Azure, and GCP costs and usage data. Our dashboards and reporting are easy-to-use and accessible to anyone in the organization, and we process the data every few hours so it’s always up to date.
Using a robust data collection mechanism, we can support complex customer organization structures with multiple organizations, thousands of accounts, and millions of records. Additionally, we’ve developed advanced reporting capabilities to address some of the most complex challenges organizations face, such as Kubernetes cost monitoring, allocation, and optimization.
With Anodot, you can analyze Kubernetes clusters usage reports, drill down on node and pod utilization, and breakdown costs by namespaces, deployments and more. Anodot provides cross-organizational visibility into costs and usage data, tracks business KPIs, and is used by Finance teams for financial reporting, chargebacks, and cost allocation.
Optimize — Rates & Usage
Anodot has developed the most advanced recommendation engine available on the market today. The engine tracks your usage data, utilization metrics, and pricing options across AWS, Azure, and GCP to support your FinOps journey, and pin-point and prioritize optimization efforts.
Anodot provides immediate (day 0) savings opportunities that go beyond compute and storage rightsizing with personalized cost optimization recommendations, waste trends, and exclusions for over 40 types of waste. Anodot’s recommendation engine allows our customers to take continuous action to avoid waste, overprovisioning, and save millions of dollars every day.
“Anodot gives us visibility and control on cloud billing at a granularity that we have never seen before. The recommendations that they generate save us a huge amount in our cloud bill.”
Rubi Cohen – Cloud Manager, Amdocs
Operate — Continuous Improvement & Operations
Anodot for Cloud Cost was developed with design partners which run large scale Enterprise-grade cloud operations, such as Amdocs and Nice. As part of this process, we partnered with leading CCoE teams to learn about their needs and developed the tools to enable cross-team collaboration, continuous improvements in KPIs, and organization accountability for cloud costs. With advanced budgeting, forecasting, and anomaly detection capabilities, we help operations better control cloud spend and respond to usage spikes immediately.
”Anodot gives me visibility into how much each of my SaaS customers costs within a dynamic microservice architecture . This information is key for our pricing strategy.”
Mark Serdze – Director of Cloud Infrastructure, Trax
Take your FinOps to the next level with Anodot
Anodot’s alignment with the vision of the FinOps Foundation strengthens our ability to continue innovating for our customers and developing the best Cloud Cost Management platform.
By seamlessly combining all cloud spend into a single platform our customers can optimize their cloud architecture across AWS, GCP, and Azure; make data-driven trade-offs; and get a handle on true cloud costs by focusing on FinOps to drive better revenue and profitability.
Getting started is easy! Try Anodot for Cloud Costs with a 30-day free trial to instantly get an overview of your cloud usage, costs, and expected annual savings — or Book a demo with our Cloud Optimization experts.