Hi, This is the OpsNow team!
Thank you for your continued subscription to the OpsNow FinOps blog series. In the last series, OpsNow became the first in Korea to obtain FinOps Certified Platform (FCP) certification and introduced features tailored to domestic companies and actual use cases.
In this fourth part, we'll take a closer look at how OpsNow FinOps's latest AI technology, which has received a lot of attention, is fundamentally transforming the way cloud costs are managed.
Sudden spikes in cloud costs place a heavy burden on a company's financial planning. Since abnormal cost detection provided by existing CSPs such as AWS, GCP, and Azure is based on cost data that has already been incurred, there is often a delay of 1 to 2 days between when the actual abnormal cost occurred and when it was recognized. Also, other solutions that re-analyze CSP data after receiving it will inevitably require additional analysis time.
OpsNow, on the other hand, analyzes and detects signs of abnormal costs within minutes based on actual usage data of cloud resources and immediately provides AI-based analytical information. This allows companies to take immediate action and quickly prevent cost issues.
Now that we have entered the AI era, the method of providing cost analysis with a delay of 1 to 2 days based on past data is an outdated approach. Adopting an AI-based cost management system that can respond in real time in a rapidly changing cloud environment is essential.
Case Study
A domestic company instantaneously experienced a rapid increase in the resources of hundreds of servers due to a security incident in a cloud environment that was being managed by the company. Thanks to OpsNow's real-time analysis and detection capabilities, they were able to immediately identify and respond to abnormal cost signs to proactively prevent huge losses.
OpsNow Use Case: Minimizing Damage After Cloud Account Takeover
From a financial perspective, cloud cost forecasting is critical. Businesses must manage each risk when actual usage is high or low compared to estimated costs. However, cloud costs based on usage are very difficult to predict.
OpsNow's AI-based cost forecasting feature analyzes past cloud cost data and predicts future cost fluctuations to help companies establish reliable budget plans and manage cloud costs. Also, by setting budgets for projects and organizational units, when cloud costs are higher or lower than planned budgets, immediate notifications are sent to those concerned so that risk can be managed.
In addition, a dashboard is provided to financial personnel who are sensitive to cost management so they can grasp the company's cloud budget and costs at a glance and predict the runway.
For example, in the past, budget plans were based on seasonal variability or cost increases for new projects based on human experience, and cost fluctuations could not be detected in advance, so they had to take the risk of budget overruns or lack of resources. AI-based cost forecasting detects future cost increases in real time and provides budget financial simulations reflecting this, so companies can make financial plans more accurately and quickly and manage them reliably.
Case Study
Enterprise B increased annual cloud budget accuracy from 80% to over 90% by using OpsNow's AI-based budget management capabilities. They were able to effectively set an overall budget by allocating a budget for each organization and receiving recommendations for expenses to be incurred during the year based on past costs of cloud resources managed by that organization from the OpsNow budget management function. In addition, management of monthly expenses has been improved by setting notifications via email, Slack, Google Chat, etc., before monthly expenses reach the budget for each organization's budget items. This made it possible to establish a more stable financial plan.
Customer Story: Improving the Accuracy of Cloud Budget Management and Departmental Cost Analysis
There are many ways to optimize cloud costs. Recommendations such as resource optimization, detection and removal of inefficient resources, and Reserved Instances (RIs) and Savings Plans (SPs) are generally provided. In addition to these basic optimization features, OpsNow supports optimization across multi-cloud environments with more precision through self-developed optimization logic.
In particular, OpsNow provides cost efficiency through its own logic ‘AutoSavings’, which provides functions such as automatic RI/SP purchases and recommendations. This function is currently being operated in the US region (https://opsnow.io), and this feature will also be launched in the Korean market in the first half of the year, so more efficient cost management can be expected.
Additionally, OpsNow doesn't just maintain the current state of affairs, it continuously analyzes data to identify optimization opportunities, suggests cost-saving factors through monthly reports, and provides new recommendations. Clients operate on a performance-based model without additional costs or commitments, providing a win-win success model by sharing part of the customer's savings.
Case Study
OpsNow customers in the US are reducing cloud costs through AutoSavings.
Background
Enterprise C runs multiple projects and organizations in a multi-cloud environment and faces the problem of increasing cloud costs and deepening resource inefficiency due to ineffective contract management.
Solution
After the introduction of OpsNow, Reserved Instances (RIs) and Savings Plans (SPs) were automatically analyzed and optimized through the AutoSavings feature.
Upshot
Using OpsNow’s AI automated contract management, automatic detection and removal of unused resources, and integrated management of multi-cloud environments, they reduced cloud costs by up to 37% and improved operational efficiency by 30%.
With the advent of ChatGPT, the paradigm of how information is obtained is rapidly changing. In particular, information acquisition through questions has dramatically reduced the traditional complex analysis process. OpsNow is also preparing to solve problems through AI-based Q&A using OpsNow Insight, aligned with these technology trends. It provides more accurate information using OpsNow’s own cost and analysis data, solving data reliability issues and avoiding errors such as LLM hallucinations. Combining visual data with numerical analysis results, OpsNow Insight delivers clear information and deep insight into cost analysis.
Key Features of OpsNow Insight
Case Study
Since introducing the OpsNow Insight feature, Company D has increased work productivity by reducing time spent on complex data analysis by more than 50%.
Customer Story: Improving Cloud Management Efficiency
OpsNow FinOps' AI-based automation and interactive analysis capabilities go beyond simple cost management to maximize the efficiency of enterprise operations. With OpsNow FinOps, you can go further in cost management and increase your company's competitiveness.
In the next special edition, we'll clearly share the questions and truths about OpsNow FinOps, focusing on frequently asked questions (FAQs) from companies. Please look forward to it!
Thank you.
Good Information to See Together
Hi, This is the OpsNow team!
Thank you for your continued subscription to the OpsNow FinOps blog series. In the last series, OpsNow became the first in Korea to obtain FinOps Certified Platform (FCP) certification and introduced features tailored to domestic companies and actual use cases.
In this fourth part, we'll take a closer look at how OpsNow FinOps's latest AI technology, which has received a lot of attention, is fundamentally transforming the way cloud costs are managed.
Sudden spikes in cloud costs place a heavy burden on a company's financial planning. Since abnormal cost detection provided by existing CSPs such as AWS, GCP, and Azure is based on cost data that has already been incurred, there is often a delay of 1 to 2 days between when the actual abnormal cost occurred and when it was recognized. Also, other solutions that re-analyze CSP data after receiving it will inevitably require additional analysis time.
OpsNow, on the other hand, analyzes and detects signs of abnormal costs within minutes based on actual usage data of cloud resources and immediately provides AI-based analytical information. This allows companies to take immediate action and quickly prevent cost issues.
Now that we have entered the AI era, the method of providing cost analysis with a delay of 1 to 2 days based on past data is an outdated approach. Adopting an AI-based cost management system that can respond in real time in a rapidly changing cloud environment is essential.
Case Study
A domestic company instantaneously experienced a rapid increase in the resources of hundreds of servers due to a security incident in a cloud environment that was being managed by the company. Thanks to OpsNow's real-time analysis and detection capabilities, they were able to immediately identify and respond to abnormal cost signs to proactively prevent huge losses.
OpsNow Use Case: Minimizing Damage After Cloud Account Takeover
From a financial perspective, cloud cost forecasting is critical. Businesses must manage each risk when actual usage is high or low compared to estimated costs. However, cloud costs based on usage are very difficult to predict.
OpsNow's AI-based cost forecasting feature analyzes past cloud cost data and predicts future cost fluctuations to help companies establish reliable budget plans and manage cloud costs. Also, by setting budgets for projects and organizational units, when cloud costs are higher or lower than planned budgets, immediate notifications are sent to those concerned so that risk can be managed.
In addition, a dashboard is provided to financial personnel who are sensitive to cost management so they can grasp the company's cloud budget and costs at a glance and predict the runway.
For example, in the past, budget plans were based on seasonal variability or cost increases for new projects based on human experience, and cost fluctuations could not be detected in advance, so they had to take the risk of budget overruns or lack of resources. AI-based cost forecasting detects future cost increases in real time and provides budget financial simulations reflecting this, so companies can make financial plans more accurately and quickly and manage them reliably.
Case Study
Enterprise B increased annual cloud budget accuracy from 80% to over 90% by using OpsNow's AI-based budget management capabilities. They were able to effectively set an overall budget by allocating a budget for each organization and receiving recommendations for expenses to be incurred during the year based on past costs of cloud resources managed by that organization from the OpsNow budget management function. In addition, management of monthly expenses has been improved by setting notifications via email, Slack, Google Chat, etc., before monthly expenses reach the budget for each organization's budget items. This made it possible to establish a more stable financial plan.
Customer Story: Improving the Accuracy of Cloud Budget Management and Departmental Cost Analysis
There are many ways to optimize cloud costs. Recommendations such as resource optimization, detection and removal of inefficient resources, and Reserved Instances (RIs) and Savings Plans (SPs) are generally provided. In addition to these basic optimization features, OpsNow supports optimization across multi-cloud environments with more precision through self-developed optimization logic.
In particular, OpsNow provides cost efficiency through its own logic ‘AutoSavings’, which provides functions such as automatic RI/SP purchases and recommendations. This function is currently being operated in the US region (https://opsnow.io), and this feature will also be launched in the Korean market in the first half of the year, so more efficient cost management can be expected.
Additionally, OpsNow doesn't just maintain the current state of affairs, it continuously analyzes data to identify optimization opportunities, suggests cost-saving factors through monthly reports, and provides new recommendations. Clients operate on a performance-based model without additional costs or commitments, providing a win-win success model by sharing part of the customer's savings.
Case Study
OpsNow customers in the US are reducing cloud costs through AutoSavings.
Background
Enterprise C runs multiple projects and organizations in a multi-cloud environment and faces the problem of increasing cloud costs and deepening resource inefficiency due to ineffective contract management.
Solution
After the introduction of OpsNow, Reserved Instances (RIs) and Savings Plans (SPs) were automatically analyzed and optimized through the AutoSavings feature.
Upshot
Using OpsNow’s AI automated contract management, automatic detection and removal of unused resources, and integrated management of multi-cloud environments, they reduced cloud costs by up to 37% and improved operational efficiency by 30%.
With the advent of ChatGPT, the paradigm of how information is obtained is rapidly changing. In particular, information acquisition through questions has dramatically reduced the traditional complex analysis process. OpsNow is also preparing to solve problems through AI-based Q&A using OpsNow Insight, aligned with these technology trends. It provides more accurate information using OpsNow’s own cost and analysis data, solving data reliability issues and avoiding errors such as LLM hallucinations. Combining visual data with numerical analysis results, OpsNow Insight delivers clear information and deep insight into cost analysis.
Key Features of OpsNow Insight
Case Study
Since introducing the OpsNow Insight feature, Company D has increased work productivity by reducing time spent on complex data analysis by more than 50%.
Customer Story: Improving Cloud Management Efficiency
OpsNow FinOps' AI-based automation and interactive analysis capabilities go beyond simple cost management to maximize the efficiency of enterprise operations. With OpsNow FinOps, you can go further in cost management and increase your company's competitiveness.
In the next special edition, we'll clearly share the questions and truths about OpsNow FinOps, focusing on frequently asked questions (FAQs) from companies. Please look forward to it!
Thank you.
Good Information to See Together
Hi, This is the OpsNow team!
Thank you for your continued subscription to the OpsNow FinOps blog series. In the last series, OpsNow became the first in Korea to obtain FinOps Certified Platform (FCP) certification and introduced features tailored to domestic companies and actual use cases.
In this fourth part, we'll take a closer look at how OpsNow FinOps's latest AI technology, which has received a lot of attention, is fundamentally transforming the way cloud costs are managed.
Sudden spikes in cloud costs place a heavy burden on a company's financial planning. Since abnormal cost detection provided by existing CSPs such as AWS, GCP, and Azure is based on cost data that has already been incurred, there is often a delay of 1 to 2 days between when the actual abnormal cost occurred and when it was recognized. Also, other solutions that re-analyze CSP data after receiving it will inevitably require additional analysis time.
OpsNow, on the other hand, analyzes and detects signs of abnormal costs within minutes based on actual usage data of cloud resources and immediately provides AI-based analytical information. This allows companies to take immediate action and quickly prevent cost issues.
Now that we have entered the AI era, the method of providing cost analysis with a delay of 1 to 2 days based on past data is an outdated approach. Adopting an AI-based cost management system that can respond in real time in a rapidly changing cloud environment is essential.
Case Study
A domestic company instantaneously experienced a rapid increase in the resources of hundreds of servers due to a security incident in a cloud environment that was being managed by the company. Thanks to OpsNow's real-time analysis and detection capabilities, they were able to immediately identify and respond to abnormal cost signs to proactively prevent huge losses.
OpsNow Use Case: Minimizing Damage After Cloud Account Takeover
From a financial perspective, cloud cost forecasting is critical. Businesses must manage each risk when actual usage is high or low compared to estimated costs. However, cloud costs based on usage are very difficult to predict.
OpsNow's AI-based cost forecasting feature analyzes past cloud cost data and predicts future cost fluctuations to help companies establish reliable budget plans and manage cloud costs. Also, by setting budgets for projects and organizational units, when cloud costs are higher or lower than planned budgets, immediate notifications are sent to those concerned so that risk can be managed.
In addition, a dashboard is provided to financial personnel who are sensitive to cost management so they can grasp the company's cloud budget and costs at a glance and predict the runway.
For example, in the past, budget plans were based on seasonal variability or cost increases for new projects based on human experience, and cost fluctuations could not be detected in advance, so they had to take the risk of budget overruns or lack of resources. AI-based cost forecasting detects future cost increases in real time and provides budget financial simulations reflecting this, so companies can make financial plans more accurately and quickly and manage them reliably.
Case Study
Enterprise B increased annual cloud budget accuracy from 80% to over 90% by using OpsNow's AI-based budget management capabilities. They were able to effectively set an overall budget by allocating a budget for each organization and receiving recommendations for expenses to be incurred during the year based on past costs of cloud resources managed by that organization from the OpsNow budget management function. In addition, management of monthly expenses has been improved by setting notifications via email, Slack, Google Chat, etc., before monthly expenses reach the budget for each organization's budget items. This made it possible to establish a more stable financial plan.
Customer Story: Improving the Accuracy of Cloud Budget Management and Departmental Cost Analysis
There are many ways to optimize cloud costs. Recommendations such as resource optimization, detection and removal of inefficient resources, and Reserved Instances (RIs) and Savings Plans (SPs) are generally provided. In addition to these basic optimization features, OpsNow supports optimization across multi-cloud environments with more precision through self-developed optimization logic.
In particular, OpsNow provides cost efficiency through its own logic ‘AutoSavings’, which provides functions such as automatic RI/SP purchases and recommendations. This function is currently being operated in the US region (https://opsnow.io), and this feature will also be launched in the Korean market in the first half of the year, so more efficient cost management can be expected.
Additionally, OpsNow doesn't just maintain the current state of affairs, it continuously analyzes data to identify optimization opportunities, suggests cost-saving factors through monthly reports, and provides new recommendations. Clients operate on a performance-based model without additional costs or commitments, providing a win-win success model by sharing part of the customer's savings.
Case Study
OpsNow customers in the US are reducing cloud costs through AutoSavings.
Background
Enterprise C runs multiple projects and organizations in a multi-cloud environment and faces the problem of increasing cloud costs and deepening resource inefficiency due to ineffective contract management.
Solution
After the introduction of OpsNow, Reserved Instances (RIs) and Savings Plans (SPs) were automatically analyzed and optimized through the AutoSavings feature.
Upshot
Using OpsNow’s AI automated contract management, automatic detection and removal of unused resources, and integrated management of multi-cloud environments, they reduced cloud costs by up to 37% and improved operational efficiency by 30%.
With the advent of ChatGPT, the paradigm of how information is obtained is rapidly changing. In particular, information acquisition through questions has dramatically reduced the traditional complex analysis process. OpsNow is also preparing to solve problems through AI-based Q&A using OpsNow Insight, aligned with these technology trends. It provides more accurate information using OpsNow’s own cost and analysis data, solving data reliability issues and avoiding errors such as LLM hallucinations. Combining visual data with numerical analysis results, OpsNow Insight delivers clear information and deep insight into cost analysis.
Key Features of OpsNow Insight
Case Study
Since introducing the OpsNow Insight feature, Company D has increased work productivity by reducing time spent on complex data analysis by more than 50%.
Customer Story: Improving Cloud Management Efficiency
OpsNow FinOps' AI-based automation and interactive analysis capabilities go beyond simple cost management to maximize the efficiency of enterprise operations. With OpsNow FinOps, you can go further in cost management and increase your company's competitiveness.
In the next special edition, we'll clearly share the questions and truths about OpsNow FinOps, focusing on frequently asked questions (FAQs) from companies. Please look forward to it!
Thank you.
Good Information to See Together
Hi, This is the OpsNow team!
Thank you for your continued subscription to the OpsNow FinOps blog series. In the last series, OpsNow became the first in Korea to obtain FinOps Certified Platform (FCP) certification and introduced features tailored to domestic companies and actual use cases.
In this fourth part, we'll take a closer look at how OpsNow FinOps's latest AI technology, which has received a lot of attention, is fundamentally transforming the way cloud costs are managed.
Sudden spikes in cloud costs place a heavy burden on a company's financial planning. Since abnormal cost detection provided by existing CSPs such as AWS, GCP, and Azure is based on cost data that has already been incurred, there is often a delay of 1 to 2 days between when the actual abnormal cost occurred and when it was recognized. Also, other solutions that re-analyze CSP data after receiving it will inevitably require additional analysis time.
OpsNow, on the other hand, analyzes and detects signs of abnormal costs within minutes based on actual usage data of cloud resources and immediately provides AI-based analytical information. This allows companies to take immediate action and quickly prevent cost issues.
Now that we have entered the AI era, the method of providing cost analysis with a delay of 1 to 2 days based on past data is an outdated approach. Adopting an AI-based cost management system that can respond in real time in a rapidly changing cloud environment is essential.
Case Study
A domestic company instantaneously experienced a rapid increase in the resources of hundreds of servers due to a security incident in a cloud environment that was being managed by the company. Thanks to OpsNow's real-time analysis and detection capabilities, they were able to immediately identify and respond to abnormal cost signs to proactively prevent huge losses.
OpsNow Use Case: Minimizing Damage After Cloud Account Takeover
From a financial perspective, cloud cost forecasting is critical. Businesses must manage each risk when actual usage is high or low compared to estimated costs. However, cloud costs based on usage are very difficult to predict.
OpsNow's AI-based cost forecasting feature analyzes past cloud cost data and predicts future cost fluctuations to help companies establish reliable budget plans and manage cloud costs. Also, by setting budgets for projects and organizational units, when cloud costs are higher or lower than planned budgets, immediate notifications are sent to those concerned so that risk can be managed.
In addition, a dashboard is provided to financial personnel who are sensitive to cost management so they can grasp the company's cloud budget and costs at a glance and predict the runway.
For example, in the past, budget plans were based on seasonal variability or cost increases for new projects based on human experience, and cost fluctuations could not be detected in advance, so they had to take the risk of budget overruns or lack of resources. AI-based cost forecasting detects future cost increases in real time and provides budget financial simulations reflecting this, so companies can make financial plans more accurately and quickly and manage them reliably.
Case Study
Enterprise B increased annual cloud budget accuracy from 80% to over 90% by using OpsNow's AI-based budget management capabilities. They were able to effectively set an overall budget by allocating a budget for each organization and receiving recommendations for expenses to be incurred during the year based on past costs of cloud resources managed by that organization from the OpsNow budget management function. In addition, management of monthly expenses has been improved by setting notifications via email, Slack, Google Chat, etc., before monthly expenses reach the budget for each organization's budget items. This made it possible to establish a more stable financial plan.
Customer Story: Improving the Accuracy of Cloud Budget Management and Departmental Cost Analysis
There are many ways to optimize cloud costs. Recommendations such as resource optimization, detection and removal of inefficient resources, and Reserved Instances (RIs) and Savings Plans (SPs) are generally provided. In addition to these basic optimization features, OpsNow supports optimization across multi-cloud environments with more precision through self-developed optimization logic.
In particular, OpsNow provides cost efficiency through its own logic ‘AutoSavings’, which provides functions such as automatic RI/SP purchases and recommendations. This function is currently being operated in the US region (https://opsnow.io), and this feature will also be launched in the Korean market in the first half of the year, so more efficient cost management can be expected.
Additionally, OpsNow doesn't just maintain the current state of affairs, it continuously analyzes data to identify optimization opportunities, suggests cost-saving factors through monthly reports, and provides new recommendations. Clients operate on a performance-based model without additional costs or commitments, providing a win-win success model by sharing part of the customer's savings.
Case Study
OpsNow customers in the US are reducing cloud costs through AutoSavings.
Background
Enterprise C runs multiple projects and organizations in a multi-cloud environment and faces the problem of increasing cloud costs and deepening resource inefficiency due to ineffective contract management.
Solution
After the introduction of OpsNow, Reserved Instances (RIs) and Savings Plans (SPs) were automatically analyzed and optimized through the AutoSavings feature.
Upshot
Using OpsNow’s AI automated contract management, automatic detection and removal of unused resources, and integrated management of multi-cloud environments, they reduced cloud costs by up to 37% and improved operational efficiency by 30%.
With the advent of ChatGPT, the paradigm of how information is obtained is rapidly changing. In particular, information acquisition through questions has dramatically reduced the traditional complex analysis process. OpsNow is also preparing to solve problems through AI-based Q&A using OpsNow Insight, aligned with these technology trends. It provides more accurate information using OpsNow’s own cost and analysis data, solving data reliability issues and avoiding errors such as LLM hallucinations. Combining visual data with numerical analysis results, OpsNow Insight delivers clear information and deep insight into cost analysis.
Key Features of OpsNow Insight
Case Study
Since introducing the OpsNow Insight feature, Company D has increased work productivity by reducing time spent on complex data analysis by more than 50%.
Customer Story: Improving Cloud Management Efficiency
OpsNow FinOps' AI-based automation and interactive analysis capabilities go beyond simple cost management to maximize the efficiency of enterprise operations. With OpsNow FinOps, you can go further in cost management and increase your company's competitiveness.
In the next special edition, we'll clearly share the questions and truths about OpsNow FinOps, focusing on frequently asked questions (FAQs) from companies. Please look forward to it!
Thank you.
Good Information to See Together
Hi, This is the OpsNow team!
Thank you for your continued subscription to the OpsNow FinOps blog series. In the last series, OpsNow became the first in Korea to obtain FinOps Certified Platform (FCP) certification and introduced features tailored to domestic companies and actual use cases.
In this fourth part, we'll take a closer look at how OpsNow FinOps's latest AI technology, which has received a lot of attention, is fundamentally transforming the way cloud costs are managed.
Sudden spikes in cloud costs place a heavy burden on a company's financial planning. Since abnormal cost detection provided by existing CSPs such as AWS, GCP, and Azure is based on cost data that has already been incurred, there is often a delay of 1 to 2 days between when the actual abnormal cost occurred and when it was recognized. Also, other solutions that re-analyze CSP data after receiving it will inevitably require additional analysis time.
OpsNow, on the other hand, analyzes and detects signs of abnormal costs within minutes based on actual usage data of cloud resources and immediately provides AI-based analytical information. This allows companies to take immediate action and quickly prevent cost issues.
Now that we have entered the AI era, the method of providing cost analysis with a delay of 1 to 2 days based on past data is an outdated approach. Adopting an AI-based cost management system that can respond in real time in a rapidly changing cloud environment is essential.
Case Study
A domestic company instantaneously experienced a rapid increase in the resources of hundreds of servers due to a security incident in a cloud environment that was being managed by the company. Thanks to OpsNow's real-time analysis and detection capabilities, they were able to immediately identify and respond to abnormal cost signs to proactively prevent huge losses.
OpsNow Use Case: Minimizing Damage After Cloud Account Takeover
From a financial perspective, cloud cost forecasting is critical. Businesses must manage each risk when actual usage is high or low compared to estimated costs. However, cloud costs based on usage are very difficult to predict.
OpsNow's AI-based cost forecasting feature analyzes past cloud cost data and predicts future cost fluctuations to help companies establish reliable budget plans and manage cloud costs. Also, by setting budgets for projects and organizational units, when cloud costs are higher or lower than planned budgets, immediate notifications are sent to those concerned so that risk can be managed.
In addition, a dashboard is provided to financial personnel who are sensitive to cost management so they can grasp the company's cloud budget and costs at a glance and predict the runway.
For example, in the past, budget plans were based on seasonal variability or cost increases for new projects based on human experience, and cost fluctuations could not be detected in advance, so they had to take the risk of budget overruns or lack of resources. AI-based cost forecasting detects future cost increases in real time and provides budget financial simulations reflecting this, so companies can make financial plans more accurately and quickly and manage them reliably.
Case Study
Enterprise B increased annual cloud budget accuracy from 80% to over 90% by using OpsNow's AI-based budget management capabilities. They were able to effectively set an overall budget by allocating a budget for each organization and receiving recommendations for expenses to be incurred during the year based on past costs of cloud resources managed by that organization from the OpsNow budget management function. In addition, management of monthly expenses has been improved by setting notifications via email, Slack, Google Chat, etc., before monthly expenses reach the budget for each organization's budget items. This made it possible to establish a more stable financial plan.
Customer Story: Improving the Accuracy of Cloud Budget Management and Departmental Cost Analysis
There are many ways to optimize cloud costs. Recommendations such as resource optimization, detection and removal of inefficient resources, and Reserved Instances (RIs) and Savings Plans (SPs) are generally provided. In addition to these basic optimization features, OpsNow supports optimization across multi-cloud environments with more precision through self-developed optimization logic.
In particular, OpsNow provides cost efficiency through its own logic ‘AutoSavings’, which provides functions such as automatic RI/SP purchases and recommendations. This function is currently being operated in the US region (https://opsnow.io), and this feature will also be launched in the Korean market in the first half of the year, so more efficient cost management can be expected.
Additionally, OpsNow doesn't just maintain the current state of affairs, it continuously analyzes data to identify optimization opportunities, suggests cost-saving factors through monthly reports, and provides new recommendations. Clients operate on a performance-based model without additional costs or commitments, providing a win-win success model by sharing part of the customer's savings.
Case Study
OpsNow customers in the US are reducing cloud costs through AutoSavings.
Background
Enterprise C runs multiple projects and organizations in a multi-cloud environment and faces the problem of increasing cloud costs and deepening resource inefficiency due to ineffective contract management.
Solution
After the introduction of OpsNow, Reserved Instances (RIs) and Savings Plans (SPs) were automatically analyzed and optimized through the AutoSavings feature.
Upshot
Using OpsNow’s AI automated contract management, automatic detection and removal of unused resources, and integrated management of multi-cloud environments, they reduced cloud costs by up to 37% and improved operational efficiency by 30%.
With the advent of ChatGPT, the paradigm of how information is obtained is rapidly changing. In particular, information acquisition through questions has dramatically reduced the traditional complex analysis process. OpsNow is also preparing to solve problems through AI-based Q&A using OpsNow Insight, aligned with these technology trends. It provides more accurate information using OpsNow’s own cost and analysis data, solving data reliability issues and avoiding errors such as LLM hallucinations. Combining visual data with numerical analysis results, OpsNow Insight delivers clear information and deep insight into cost analysis.
Key Features of OpsNow Insight
Case Study
Since introducing the OpsNow Insight feature, Company D has increased work productivity by reducing time spent on complex data analysis by more than 50%.
Customer Story: Improving Cloud Management Efficiency
OpsNow FinOps' AI-based automation and interactive analysis capabilities go beyond simple cost management to maximize the efficiency of enterprise operations. With OpsNow FinOps, you can go further in cost management and increase your company's competitiveness.
In the next special edition, we'll clearly share the questions and truths about OpsNow FinOps, focusing on frequently asked questions (FAQs) from companies. Please look forward to it!
Thank you.
Good Information to See Together