CLOUD SECURITY

Flexera Drives FinOps Best Practices with Flexera One Cloud Cost Optimization

Flexera | June 17, 2022

Flexera
Flexera, the company that helps organizations maximize business value from their technology investments, today announced new product features and industry momentum for Flexera One Cloud Cost Optimization.

Flexera’s flagship platform, Flexera One, is the first of its kind: an award-winning platform that delivers the power to mitigate risk, reduce costs, and maximize every technology investment. It offers technology value optimization (TVO) through IT visibility, IT asset management (ITAM), cloud cost optimization (CCO), and cloud migration and modernization. Flexera One enables enterprises to take control of their cloud journey with:
  • Definitive technology resource data. Flexera One offers comprehensive and normalized cost visibility into the data center, SaaS and cloud through unique discovery and the unmatched Technopedia catalog of IT product reference data.
  • Consumption intelligence. Flexera One provides savings on licensing costs by applying use rights and rightsizing investments. Internal Flexera customer research has found that customers save more than 30 percent with this approach.
  • Automated portfolio governance. Flexera One continually optimizes business agility through automated cost optimization and feeding compliance and cost data into other IT solutions via outbound and inbound APIs.
  • Hybrid IT optimization. Customers leverage Flexera One’s data for negotiations with major vendors, including Microsoft, IBM, Oracle and SAP.

Flexera One FinOps Innovation
Flexera continues to work with its customers and the broader FinOps community. Recent Flexera One Cloud Cost Optimization innovations include:
  • Cloud spend anomaly detection: anomaly analysis and detection in cloud spend based on any dimension. Choose business dimensions across multiple cloud costs. Look within automatically calculated thresholds at an account level and identify which services are driving outliers.
  • Cloud spend forecasting: straight line, linear regression and moving average, configurable look back, projection options, and categorization by relevant dimensions.
  • Usage forecasting: project usage by region, account or business dimension to support commitment and capacity planning decisions.
  • Cross-platform cost ingestion: common bill ingestion of any cloud or other costs into the platform. Flexera supports Alibaba Cloud, Azure China, Oracle cloud and the ingestion of data from any other service or source, including labor and full-time equivalent (FTE) costs, on-prem licensing or any cost to provide a total cost of ownership (TCO) view.
  • Automation engine for unit economics: production of unit economics KPIs using Flexera’s automation engine to ingest other metrics, such as usage data from other sources, to produce relevant cost of goods sold (COGS) measures. These include FinOps best-practice KPIs (such as cost per instance hour) and other business KPIs.
  • Contextualized multi-cloud data: complement existing hybrid and multi-cloud tagging strategies by ingesting attributes from CMDBs, enterprise architecture tools or other repositories.
  • Integration with existing tools: push cloud spend recommendations into existing tools, such as JIRA and ServiceNow, using Flexera’s automation engine. Engineers can use these existing tools to prioritize optimization initiatives.
  • Currency adjustment program: automatic conversion of cloud costs to any currency through integration with Xe.com. This makes multi-cloud strategies more effective for global enterprises that work across multiple currencies.

Growing Leadership in the FinOps Community
Beyond product innovation, Flexera’s commitment to the field of FinOps includes active involvement in initiatives that help advance cloud financial management.

Flexera’s Brian Adler, senior director, cloud market strategy, and Jeremy Chaplin, senior cloud solution architect, will speak at FinOps X in Austin, TX. The session, FinOps & IT Asset Management, The Partnership for Success, will be on Monday, June 20, from 4:10 to 4:40 pm CDT. The FinOps Foundation hosts the FinOps X event as the gathering place for engineers, FinOps practitioners, finance people, architects, and anyone who participates in managing the value of cloud.

About Flexera
Flexera delivers SaaS-based IT management solutions that enable enterprises to accelerate digital transformation and multiply the value of their technology investments. We help organizations inform their IT with definitive visibility into complex hybrid IT ecosystems, providing unparalleled IT insights that allow them to seize technology opportunities. And we help them transform their IT with tools that deliver actionable intelligence across an ever-increasing range of dimensions to effectively manage, govern and optimize their hybrid IT estate. More than 50,000 customers subscribe to our technology value optimization solutions, delivered by 1,300+ passionate team members worldwide.

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Edgecore Networks Unveils the TIP OpenWiFi Cloud Controller– ecOpen

Edgecore Networks | October 28, 2022

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Nutanix | October 14, 2022

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Penguin Solutions Launches New Cloud-Native HPC/AI Control Plane and Announces Partnership with Google Cloud

Penguin Solutions | November 16, 2022

Penguin Solutions, an SGH brand that provides HPC, AI, and IoT technologies for edge, core, and cloud, today launched Scyld Cloud Central™ control plane, a new cloud-native HPC/AI offering, and announced its partnership with Google Cloud. This new unified solution for on-premises and cloud-based HPC/AI clusters will provide customers with simplified cluster deployment, streamlined user experience, and powerful cost management options. The Scyld Cloud Central control plane is cloud-native software designed to integrate on-premises and cloud-based resources to create flexible HPC and AI environments. The platform, utilizing software from Parallel Works, will support traditional shared cluster models controlled by job schedulers and will also enable the creation of user-specific virtual clusters in the cloud, where each user group has access to a custom-configured environment designed for their specific requirements. 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About Penguin Solutions The Penguin Solutions™ portfolio, which includes Penguin Computing™ and Penguin Edge™, accelerates customers’ digital transformation with the power of emerging technologies in HPC, AI, and IoT with solutions and services that span the continuum of edge, core, and cloud. By designing highly-advanced infrastructure, machines, and networked systems we enable the world’s most innovative enterprises and government institutions to build the autonomous future, drive discovery and amplify human potential. Penguin Solutions is an SGH Brand.

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