CDOs who promised their Boards more cost-effective spending upon transitioning their data to the cloud ought to look into Site 24×7’s CloudSpend which promises to reduce overspending on cloud services by 70% or more.
Ceecee Wong tells us more about the advantages of CloudSpend in this report from CDO Trends:
The underlying strength of CloudSpend is in its ability to offer a holistic view of expenditures across multiple accounts. Users will be able to analyze cloud cost and monitor the resources on the cloud, all from a single platform. Future integrations with in-memory optimization and governance will make it a worthwhile tool. It also brings together BI insights for addressing cloud cost adjustments, allowing users to track cloud expenses, allocate resources based on priorities, and reduce overall operational expenditure.
Commenting on how CloudSpend complements Site24x7’s AI-driven monitoring capabilities, product manager Srinivasa Raghavan said, “CloudSpend’s addition to [those] capabilities not only streamlines and enhances performance of their applications on AWS but maintains an equilibrium when it comes to cloud spending, thus creating a win-win situation for DevOps and IT teams.”
Its attractively-priced freemium model offers free services for accounts with AWS bills less than USD 3,000 per month. Pricing starts at 0.8 percent for small companies who spend less than USD 100,000 and for larger companies the charges go down to 0.5 percent of the AWS bill. The pricing model is reportedly competitive when compared to most vendors that typically charge 2-3 percent of the AWS bill.
