Prosimo, a leader in multi-cloud networking, is transforming the cloud cost management landscape with its Cloud Cost 360 suite , a revolutionary approach that delivers unrivaled insight into networking costs and egress data charges, and highlights the significant savings achieved by effectively utilizing all available paths, such as the cloud backbone and private connections built across clouds.
Network costs represent an average of 17% of all cloud spending and are a top concern for cloud budgeters and FinOps. Traditionally, cloud cost platforms and cloud-native visibility tools focus primarily on compute costs and neglect the complex details of network expenses. Prosimo addresses this challenge by providing advanced visibility into networking costs within and across clouds.
To know more :
- See Cloud Cost 360 in action
- Cloud Network Cost Live Discussion
- Download the Gartner study: Controlling data egress costs in the public cloud
“Cloud networking costs are a new area for businesses to consider. Most businesses benefit from working with multiple cloud service providers, but this exposes them to data egress charges,” said Andy Linham, head of strategy at Vodafone Business.“Observability and accountability are key to reducing the impact of these costs; this is where a complete solution brings significant benefits.
The Top Three Gaps in Cloud Networking Cost Management
The increasing complexity of configuring and managing cloud-native services is leading to cloud waste and questions about optimizing cloud costs. Despite the plethora of visibility and observability tools, three key questions remain unanswered in current solutions.
- How can I access my cloud network costs (by cloud account, resource, bytes/bandwidth, application, etc.)?
- Can a billing model be implemented for business units (per application, account, shared service – firewall)?
- If visibility is one thing, how can I remedy the situation, for example by enabling cost-effective traffic optimization for applications running across different cloud service providers?
Also Read: Vena Joins Cloud Security Alliance as a Trusted Cloud Provider
Unlock full visibility and benefits of cloud native
Prosimo excels at providing unparalleled multi-cloud visibility by abstracting the complexities of each cloud provider and orchestrating cloud-native network resources. With its unique positioning in the traffic data path, Prosimo provides full visibility (L4-7) and streamlined connectivity, reducing time to value and saving on cloud costs.
“Cloud networks account for more than 17% of estimated monthly cloud spending for businesses. As an example, one of our recent customers, who integrated several hundred VPC/VNETs, experienced network and data transfer fees exceeding $300,000,” said Mani Ganesan, Product Manager for Prosimo.“This is critical for cloud platform and cloud FinOps teams as they strive to understand, bill, and optimize costs while maintaining peak performance for cloud-based applications and services. Prosimo solves this major problem with its distinct ability to assign each network flow to an application owner and optimize the paths they might take to minimize costs.
Value #1: Get cloud-native visibility by accounts, regions, and clouds
Prosimo digs deep into network flows, especially from an application perspective, connecting them to respective application owners using cloud-native identities. This allows cloud teams to monitor usage patterns, track resource usage, and gain valuable insights into data traffic. Therefore, it facilitates informed decision-making and efficient allocation of resources.
Additionally, it enables cloud network managers to answer critical questions such as optimizing resource spend, improving network compute efficiency for spokeless architectures, and ensuring visibility on things like egress fees, NAT gateway fees, and proper sizing of security architectures.
This high level of knowledge allows cloud budgeters and FinOps teams to improve their understanding and forecasting capabilities when it comes to cloud usage.
Value #2: Deploy a Simple, Accurate Billing System for Cloud Environments
Prosimo simplifies cloud usage management by streamlining the complexities inherent in using shared applications. It excels in accurately assigning costs to applications or units based on usage patterns, ensuring clarity of effective billing models, for different application teams, business units, etc. Prosimo improves visibility into usage patterns, resources and associated costs, which is crucial for optimal billing strategies. It tackles complex cloud provider pricing, empowering application owners with actionable insights to make cost-effective decisions.
Value #3: Use the network path optimized for cloud application traffic
Companies often overspend using the cloud provider’s pay-as-you-go model, especially when they exceed the modest 25 Mbps data transfer threshold, making private paths more cost-effective. However, these private paths (e.g. corporate WAN , colocation providers) are not always fully utilized due to the lack of centralized control in managing the different paths based on application needs and conformity.
Prosimo’s unique position on the data path provides a distinct advantage. By providing extensive visibility into user-to-application and application-to-application traffic, Prosimo enables informed decisions to optimize networking spend. It allows organizations to optimize costs by strategically leveraging private paths alongside public cloud backbones, taking into account regional locations and availability zones.
Unlock the potential of cloud cost optimization with Prosimo. Schedule a demo to learn more about how Prosimo’s visionary approach can transform your cloud cost management. Connect our APIs to your existing cost dashboard and embark on a journey to reduce networking expenses, using private paths for maximum profitability.
SOURCE: PRNewswire
