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Product Portfolio
AWS Cost Optimization
AWS Cost Monitoring by Economize.cloud
Economize Cloud Cost Monitoring
Economize Key Value Propositions
Economize's key value proposition is to provide unified visibility and control over multi-cloud spending (AWS, Azure, GCP), enabling businesses to achieve significant cost reductions through intelligent recommendations, real-time anomaly detection, and comprehensive FinOps reporting. They empower infrastructure and FinOps teams to make data-driven decisions and optimize cloud resource utilization.
Economize Brand Positioning
Economize positions itself as the essential multi-cloud FinOps platform, empowering infrastructure and FinOps teams to achieve significant cost savings and transparency through intelligent insights, real-time alerts, and comprehensive optimization features.
Top Competitors
Cloudability (Apptio)
CloudHealth (VMware by Broadcom)
ProsperOps
Customer Sentiments
Customer sentiment is highly positive, driven by the product's ability to provide clear cost visibility, prevent bill shocks, and deliver actionable recommendations for cost savings. Users appreciate features like weekly Slack reports and the focus on empowering developers with cost awareness.
Actionable Insights
Focus marketing efforts on showcasing validated cost savings and ease of multi-cloud integration through detailed case studies and testimonials.
Products and Features
AWS Cost Optimization - Product Description
AWS Cost Optimization refers to the process of reducing your spending on Amazon Web Services while maintaining or improving performance, scalability, and security. This involves analyzing current AWS usage, identifying areas of inefficiency, implementing best practices like rightsizing instances, utilizing reserved instances or savings plans, leveraging spot instances, optimizing storage, and employing serverless architectures. Tools and services, both native to AWS (like Cost Explorer, Trusted Advisor) and third-party solutions, are often used to achieve these goals. The objective is to maximize the value obtained from cloud expenditure.
Pros
- Significantly reduces operational costs associated with cloud infrastructure
- Improves financial predictability and budget control for AWS spending
- Allows for reinvestment of savings into other critical business areas or innovation.
Cons
- Requires ongoing monitoring and adjustment, as cloud environments are dynamic
- Can be complex to implement across large and diverse AWS footprints
- May require specialized expertise or dedicated resources to achieve optimal savings.
Alternatives
- Other cloud providers like Microsoft Azure or Google Cloud Platform offer similar cost optimization services for their respective ecosystems
- Third-party cloud cost management platforms such as CloudHealth, Cloudability, or Flexera provide vendor-agnostic optimization tools
- Manual optimization strategies implemented by internal teams using AWS native tools are also an alternative to specialized services.
Company Updates
Latest Events at Economize
Economize Cloud – Cloud Cost Optimization Software
Economize is a cloud cost optimization software that helps you analyze, manage and optimize your AWS and Google Cloud cloud costs.
View sourceEconomize, Inc. | LinkedIn
Feb 1, 2023 ... Economize provides real-time cloud cost monitoring to companies using public cloud infrastructure by monitoring cost every minute powered by ...
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Aug 1, 2023 ... Our Privacy Policy governs your visit to https://www.economize.cloud, and explains how we collect, safeguard and disclose information that ...
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