Unlock cloud-cost management with Intelligent Observability and FinOps

Cloud costs are increasingly difficult to manage due to a lack of real-time visibility and the complex nature of distributed teams operating independently, often leading to inefficient resource use and financial strain. FinOps, a management practice that encourages collaboration between engineering, finance, and business teams, aims to bring financial accountability to cloud spending by aligning costs with business objectives. To address these challenges, New Relic has introduced Cloud Cost Intelligence (CCI), a tool integrated into its Intelligent Observability platform, designed to provide real-time cost data and insights by combining application telemetry with cloud usage reports. CCI promotes cross-team collaboration and financial accountability, helping organizations move beyond reactive cost-cutting toward strategic spend optimization. It offers features like an intuitive interface, cost allocation, proactive alerts, and tailored recommendations for Kubernetes cost optimization, while also leveraging AI for predictive analytics and efficient resource allocation. This approach empowers organizations to make informed, data-driven decisions, ensuring cloud environments remain cost-effective and high-performing in a dynamic landscape.