Unlock cloud-cost management with Intelligent Observability and FinOps

Cloud costs are increasingly becoming uncontrollable due to a lack of real-time visibility into usage, with disparate teams operating in silos and without a unified view of financial impacts. To address this, FinOps has emerged as a management practice that enhances financial accountability by fostering collaboration between engineering, finance, and business teams, aligning cloud costs with business objectives. New Relic's Cloud Cost Intelligence (CCI) aims to tackle these challenges by providing real-time cost insights, integrating application telemetry with cloud usage reports, and promoting cross-team collaboration to optimize cloud spend strategically. CCI offers features like intelligent anomaly detection, Kubernetes cost optimization, and a customizable interface, allowing organizations to make data-driven decisions and maintain strong performance while managing expenses. Additionally, advancements in artificial intelligence are poised to further enhance FinOps practices by offering precise forecasts and cost-saving opportunities, ultimately balancing cost management with resource efficiency.