Channel Insider content and product recommendations are
editorially independent. We may make money when you click on links
to our partners.
Learn More
Anodot, a FinOps, BI, and anomaly detection solution provider, recently announced that it will form a business unit that will focus on the company’s Umbrella Cloud Cost Management Platform, an all-in-one cost optimization platform for MSPs and enterprises.
Announcement signals commitment to solving cloud spend concerns
The Umbrella provides tools and features that address FinOps needs, are rooted in AI and business analytics, offer financial leaders transparent visibility into their cloud and software-as-a-service (SaaS) costs, and enable more accurate budgeting and spending control.
“Our goal has always been to build an all-in-one, AI-powered platform for managing cloud spend, where everything our customers need to observe, optimize, and automate is connected under an ‘Umbrella,’” said David Drai, CEO of Anodot. “By rolling out this new brand and pledging a steady drumbeat of feature enhancements, Umbrella is signaling our laser focus on addressing real-world enterprise needs, from anomaly detection to automated cost optimization. We want organizations to know they will find everything they need under our ‘Umbrella’ to manage cloud and SaaS costs.”
Along with the new Umbrella business unit, Anodot also announced three new features for its cloud cost optimization platform, including:
- Bring Your Own Data (beta): Users will be able to import their SaaS, platform, licensing, and other costs and usage data for a complete view of the cloud expenses to optimize spending.
- GreenOps Dashboard: Users will have the ability to gain visibility into their AWS cloud usage carbon emissions and power consumption directly from the Cost & Usage page. Anodot’s integration with GreenPixie allows users to analyze and understand their environmental impact.
- Savings Plan Simulator: Replacing the SP Analyzer, the new Savings Plan Simulator provides simulation data for all AWS compute services: EC2, Lambda, and Fargate. The simulator evaluates all six purchasing options for each coverage selection, offers visualizations to explore simulation results for cost and coverage, and includes an option to exclude Savings Plans that are expiring soon to achieve a more accurate forecast. Furthermore, AWS MSPs can now utilize the page, which is based on rebilling data.
“A few years ago, there were just two or three major players in FinOps; today, there are dozens– even hundreds– of cloud cost management solutions,” said Drai. “Major players have been acquired by tech giants, leaving customers uncertain about their future. But one thing is clear: businesses need a partner that listens, innovates, and puts their needs first. Whether it’s MSPs managing cloud costs for their customers or large enterprises optimizing multi-cloud and SaaS spend, they need solutions that work seamlessly.”
Gartner research on cloud
Anodot showcased recent Gartner research that underscores the ongoing rise in cloud spending.
According to the research, end-user cloud spending is expected to jump 21.5 percent globally to $723 billion in 2025, which will cause organizations to reflect on how they manage and optimize the cloud spend.
Furthermore, Gartner predicts that a lack of cloud financial management (CFM) practices will be a key reason why over 90 percent of enterprises will halt or slow their cloud migrations by 2027.
“Augmented FinOps is being accelerated by the growing prevalence of generative AI (GenAI), due to GenAI’s rapid ascent and compelling capabilities,” the Emerging Tech Impact Radar: Cloud-Native Platforms report from Gartner stated. “Added to this stimulus is increasing customer demand for more efficient cloud deployments where cost is balanced with business value, the latter usually validated by improvements in business KPIs. This surge in development has halved the expected time to mainstream acceptance, with a notable influx of new market entrants and strategic acquisitions by established companies.”
Channel Insider has covered the rising demand for FinOps and cloud spend solutions several times. Catch up on the latest news and analysis on the growing topic.
