When observability meets FinOps: How we engineered 60% cloud cost reduction at New Relic

New Relic identified the challenge of managing cloud costs, which often become unpredictable and exceed budgets due to a lack of visibility and control. To address this, they leveraged their expertise in observability to create a FinOps practice, treating cost as an observable metric alongside performance and reliability. By correlating technical metrics with financial data, they achieved a 60% reduction in cloud production costs per gigabyte and sustained these savings over time. The shift involved integrating cost-efficiency into the development lifecycle, enabling real-time cost monitoring, and forecasting financial impacts before deployments. This approach led to the development of Cloud Cost Intelligence (CCI), a tool that automates the correlation of cost data with telemetry, giving teams the ability to make informed decisions about resource utilization and financial impacts. As a result, FinOps has evolved from mere financial reporting to a key component of intelligent engineering, aligning cost management with performance and reliability goals.

Use this post, company, and trend context to find content marketing opportunities, perform competitive analysis, or address product feature gaps via the Plushcap MCP server or the Plushcap API.