Advanced Hybrid Cloud Expense Management Platform Guides Cloud Strategy Decisions amid New Investments in Generative AI
Tangoe, the leading technology expense and asset management solution for over two decades, announced the launch of its hybrid cloud expense management platform, making Tangoe’s public cloud visibility and control features now available with private cloud services from VMware®. For the first time, businesses can now track and allocate costs for both their public and private cloud infrastructures using the Tangoe One Cloud solution.
“There’s a renewed interest in private cloud infrastructure as CIOs are deciding where their new Generative AI workloads should reside and realizing that price disparities between public and private clouds are leveling off,” said Chris Ortbals, Chief Product Officer, Tangoe. “To effectively navigate cloud strategy decisions, business leaders need an intimate understanding of their total cost of ownership, and Tangoe gives them the AI intelligence to compare public and private cloud costs, making those decisions with confidence.”
“Innovation thrives when organizations have transparency into their entire cloud estate, enabling them to harness insights for cost reductions and more strategic investments. As a frontrunner in multi-cloud visibility and automated hybrid cloud expense management, Tangoe empowers companies to elevate and extend their cloud innovation,” said Zeus Kerravala, Founder and Principal Analyst at ZK Research, in response to Tangoe’s announcement.
Gaining visibility into both the direct and indirect costs necessary to deliver a private cloud infrastructure isn’t easy due to manual processes and myriad of ancillary expenditures related to data centers, power utilities, physical and virtual servers, software, and labor. Tangoe’s AI-powered cloud expense management platform unifies siloed information, evaluating vast datasets to deliver insights and charge expenses back to different departments, projects, and lines of business. Cost allocation is the key activity behind cloud ROI calculations, as it helps IT and financial leaders determine how their investments in technology return value to the business.
Unique Value and Client Benefits
Tangoe’s hybrid cloud expense management solution unites all direct and indirect private cloud costs into one view to deliver the visibility and automation necessary in managing cloud spend. The market is flooded with point solutions that solve only a narrow set of cost management needs. While competitors fail to provide cost allocation features altogether or offer cost allocation across both public and private clouds, Tangoe addresses these use cases.
Clients using VMware’s private cloud services in conjunction with Tangoe One Cloud can now:
- Make smarter cloud investment decisions, bridging siloed information to see the “fully loaded” cost of their private cloud deployments in easy-to-understand visualizations
- Get a clearer view into cloud ROI, driving chargeback processes and effectively allocating private cloud costs — the same way they already do for their public cloud costs
- Glean insights from a holistic view of both private and public cloud spend with the ability to compare costs, dig deep into granular cost breakdowns, and build customized reports
Whether a business uses a public, private, hybrid, on-premises, or co-located approach, Tangoe can help. The solution is compatible with cloud servers located on-premises and/or in a third-party provider’s data center facility (colocation). It also works for those taking a private-only (versus hybrid) strategy to their cloud infrastructure.
Tangoe continues to invest in cloud optimization aligning with the demands of today’s hybrid cloud business environments and streamlining the administrative work of expense management. In September 2023, Tangoe was accepted into the FinOps Foundation as a premier member, demonstrating the company’s commitment to helping enterprises deploy the latest FinOps tools and best practices. In November 2023, Tangoe was shortlisted as a finalist for the 2024 Cloud Awards in two different categories, “Best Cloud Management Solution of the Year” and “Best Cloud Automation of the Year.”
SOURCE: BusinessWire