Cut costs and maximise performance with LogicMonitor’s newest cost-optimisation solution for CloudOps and engineering teams

The latest product release includes artificial intelligence (AI) features and new integrations to eliminate wasted costs and enable data-driven decision-making  

May 17, 2024 – Cost management has become exponentially more challenging as enterprises increasingly leverage a combination of cloud and on-premises infrastructure. Without the right tools, knowing where your cloud spend goes is nearly impossible. LogicMonitor, the leading SaaS-based Hybrid Observability powered by AI, has unveiled the powerful LM Cost Optimisation capability in its LM Envision platform. It unleashes cost optimisation and efficiency for cloud operations (CloudOps) and platform engineering teams working in existing and next-generation cloud services. This capability is crucial for business continuity and a competitive edge in an era where any investment and every experience matters.  

Tracy Woo, principal analyst, Forrester, said, “Rising cloud spend colliding with a down economy has raised visibility all the way to the executive and board level. Cloud leaders lean on these tools to help justify spend, forecast and budget current and future spend, optimise and identify waste, automate easy tasks, enforce good tagging hygiene, and better link usage to achieving business targets.” 

The key differentiator with LM Envision is the detailed telemetry to help understand, which resources are over or underutilised for teams to efficiently manage both cloud and on-premises infrastructure with actionable insights. 

John Kim, general manager, hybrid observability, LogicMonitor, said, “As a company committed to modernisation, we’re excited to unveil capabilities that level up AI-powered observability. Our powerful new LM Cost Optimisation and expanded cloud-managed networking coverage offer a complete view for teams struggling with cloud billing clarity.  Enterprises can finally anticipate their cloud spend and forecast accurately, which will be essential as they transition in their cloud journeys.” 

LM Cost Optimisation capabilities for scaling enterprises 

By turning on the capability, LM Cost Optimisation enables users to quickly activate cost management features as their infrastructure evolves, reducing or even eliminating the need for additional tools. Key features include: 

• Multi-cloud spend in a single view   

• Cloud Billing simplifies visualising multi-cloud spend in a single view so users see cost and resource changes, making modifications easy and predictable bills the norm. 

• Out-of-the-box billing dashboards and filtered tags help users quickly observe detailed cost breakdowns, enabling data-driven decision-making over multi-cloud budgets. 

• Intelligent AI-powered recommendations   

• Driven by the LM Envision platform, Cloud Recommendations delivers proactive and reactive cost-savings suggestions around capacity changes, unused resources, and more to ensure cost savings do not result in increased service outages. 

• This empowers users to make insightful resource utilisation decisions that align with business needs, enhancing performance and cloud investment value. 

Rafik Hanna, senior vice president, Topgolf Technologies, said, “LogicMonitor continues to be a valuable partner of ours, constantly innovating and adapting to our growing business needs. Their dedication to staying ahead of the curve ensures our operations run smoothly, allowing us to focus on what matters most to us – bringing more play to the world and delivering exceptional experiences to our players.” 

For more information on LogicMonitor’s latest product innovations, please visit the company’s blog.  

Join us on June 20, 2024 at our digital experience, Elevate Summit. This event is a journey for information technology operations (ITOps), CloudOps, AIOps and partners to conquer observability and ascend with AI alongside LogicMonitor’s chief executive officer, executives, customers, and special guest speakers. Register here.  

About LogicMonitor 

LogicMonitor® offers hybrid observability powered by AI. The company’s SaaS-based platform, LM Envision, enables observability across on-prem and multi-cloud environments. We provide IT and business teams operational visibility and predictability across their technologies and applications to focus less on troubleshooting and more on delivering extraordinary employee and customer experiences. For more information, visit  www.logicmonitor.com and our blog, or follow us on LinkedIn, X, Facebook, and Youtube.