New Relic Inc., which provides an observability platform for digital business, announced platform innovations that provide the insights companies need to optimize spending and ROI (return on investment) in technology stacks and multi-cloud environments that contain huge amounts of data. One of these is “Cloud Cost Intelligence,” a new feature that provides a detailed view of multi-cloud cost trends, their drivers, and their impacts. This feature enables business teams to be strategic about current and future cloud investments. New Relic also announced “Pipeline Control,” a feature that provides a powerful rules engine and rich data visualization to maximize the value of data ingestion.
Many companies are now pursuing a multi-cloud strategy that combines multiple cloud services, which makes managing those cloud platforms, security protocols, billing, and more complicated. In addition, the use of AI in IT and business operations is exponentially increasing cloud costs. In the era of multi-cloud and AI, technology stacks are also becoming more complex, generating vast amounts of data that are difficult to control and optimize. Lack of visibility into such ecosystems and data pipelines leads to overspending, spending in the wrong areas, waste, and the risk of unpredictable future costs.
New capabilities added to New Relic’s Intelligent Observability help companies address these challenges by providing an automated, unified view of telemetry data from across cloud providers. With real-time insights and intelligent recommendations, companies can optimize two of their most critical and expensive areas: their cloud environments and data pipelines. As a result, they have complete visibility into these major cost centers and can ensure ongoing ROI. New capabilities announced today include:
Cloud Cost Intelligence: Providing the insight you need to optimize your cloud costs across a broad range of areas
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Cloud Cost Intelligence is fully integrated into New Relic‘s intelligent observability platform, allowing you to:
Comprehensive, real-time visibility into costs for Amazon Web Services (AWS) and Kubernetes resources enables both technical and business teams to visualize and predict cloud spend
Perform cost estimation of planned resources before launch and share insights for internal alignment
Identify unusual spending patterns and alert relevant teams for quick resolution.
SOURCE: PRTimes
