How to cut costs and discover opportunities with Cloud Optimize
Blog post from New Relic
Businesses transitioning to the cloud often face complexities in financial management, with cloud cost optimization emerging as a top priority, yet many still exceed their budgets, as highlighted by the Flexera 2020 State of the Cloud Report. New Relic's Cloud Optimize application addresses these challenges by using telemetry data to identify real-time optimization opportunities, facilitating cross-functional collaboration and enabling businesses to make informed decisions without compromising application performance. The app integrates real-time pricing and sizing information from cloud providers' APIs, helping organizations pinpoint optimization candidates and reduce costs, as demonstrated by significant savings in case studies. Beyond cost savings, Cloud Optimize aids in reducing business risk, enhancing customer experience, and shifting focus from budget constraints to delivering better service.