Solve the top three challenges in managing cloud network costs and aligning business growth
Summary:
SAN JOSE, California, Oct. 25, 2023 /PRNewswire/ -- Prosimo, a leader in multi-cloud networking, is transforming the cloud cost management landscape with its Cloud Cost 360 suite, an innovative approach that delivers unparalleled insights into network costs, egress data charges, and highlights the significant cost savings achieved by effectively utilizing all available paths, such as cloud backbone and private connections built through clouds.
Network costs represent an average of 17% of cloud overhead and a top concern for cloud and FinOps budget owners. Traditionally, cloud cost platforms and cloud-native visibility tools have focused primarily on compute costs and overlooked the intricate details of networking expenses. Prosimo addresses this challenge by providing advanced visibility into network costs within and between clouds.
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"Cloud networking costs are a new area for businesses to consider. Working with multiple cloud providers is fine for most businesses, but it exposes them to data egress charges," noted Andy Linham. , Senior Vodafone Business Strategist at Vodafone Business. "Observability and accountability are key to reducing the impact of these costs, and that's where a complete solution brings huge benefits."
Top Three Gaps in Cloud Network Cost Management
The increasing complexity of configuring and managing cloud-native services raises cloud waste and questions about optimizing cloud costs. Despite the abundance of visibility and observability tools, three key questions remain unanswered in current solutions.
How to unlock full visibility and cloud-native benefits
Prosimo excels at providing unparalleled multi-cloud visibility by abstracting the complexities of individual cloud providers and orchestrating cloud-native network resources. Uniquely positioned in the traffic data path, Prosimo offers end-to-end visibility (N4-7) and optimized connectivity, ultimately reducing time to value and saving on cloud costs.
"Cloud networks account for more than 17% of estimated monthly cloud expenses for enterprises. As an example, one of our recent customers, which added several hundred VPC/VNETs, experienced data transfer charges and that exceeded $300,000," said Mani Ganesan, Product Manager, Prosimo. "This aspect is critical for cloud platform and Cloud FinOps teams, who strive to understand, reimburse, and optimize costs while maintaining maximum performance for cloud-based applications and services. Prosimo addresses this critical issue through of its distinctive ability to attribute each network flow to an application owner and optimize the paths they could take to minimize costs."
Únase al debate: 'How to Tame Cloud Egress Cost '
Value #1: Get cloud-native visibility across accounts, regions, and clouds
Prosimo delves into network flows, particularly from an application-centric point of view, connecting them to the respective application owners using cloud-native identities. This allows Cloud Teams to monitor usage patterns, track resource utilization, and gain valuable insights into data traffic. Consequently, this facilitates well-informed decision making and efficient resource allocation.
Additionally, it equips cloud networking leaders to answer critical questions such as optimizing resource spend, improving network compute efficiency for wireless architectures, and ensuring visibility into items such as egress charges, NAT gateway charges, and right-sizing security architectures.
This high level of knowledge empowers cloud budget owners and FinOps teams, improving their understanding and forecasting capabilities related to cloud usage.
Value #2: Implement simple and accurate chargeback for cloud environments
Prosimo simplifies cloud usage management by simplifying the complexities inherent in using shared applications. It excels at accurately assigning costs to applications or units based on usage patterns, ensuring clarity for effective chargeback models, for different application teams, business units, etc. Prosimo improves visibility into usage patterns, resources, and associated costs, which is crucial for an optimal chargeback strategy. Addresses complex cloud provider pricing, providing application owners with actionable insights to make profitable decisions.
Value #3: Use the network path optimized for cloud application traffic
Enterprises often overspend when using the cloud provider's pay-as-you-go model, especially when they exceed a modest 25 Mbps data transfer threshold, making private routes more cost-effective. However, these private routes (e.g., enterprise WAN, colocation providers) are not always fully utilized due to lack of centralized control in managing multiple routes based on application and compliance needs.
Prosimo's unique position in the data path offers a clear advantage. By providing broad visibility into user-to-application and application-to-application traffic, Prosimo effectively enables informed decision making to optimize network spend. It enables organizations to optimize costs by strategically leveraging private routes alongside public cloud backbones, taking into account regional and availability zone locations.
Unlock the potential of cloud cost optimization with Prosimo. Schedule a demo today 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 network spend, using private routes for maximum profitability.
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Prosimo offers a simplified multi-cloud infrastructure for journeys to the distributed enterprise cloud. Companies innovate faster and stay in control with Prosimo's integrated stack. This stack combines cloud networking, performance, security, observability and cost management, all driven by data insights and machine learning models with autonomous cloud networking to reduce complexity and risk. Cloud-oriented companies, including F100, have adopted Prosimo to successfully deploy revenue-generating applications, improve operational efficiency, and accelerate positive business results. Prosimo is backed by prominent investors such as General Catalyst, WRVI Capital and Blackrock. For more information, visit https://www.prosimo.io.
Media Contact:Mehul Patelpress@prosimo.io
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