Spot by NetApp Achieves FinOps Foundation's Certified Platform Certification
June 20 2024 - 7:00AM
Business Wire
Cost Intelligence and Billing Engine are now
generally available from Spot by NetApp, expanding the company’s
integrated, holistic portfolio of FinOps solutions
NetApp® (NASDAQ: NTAP), the intelligent data infrastructure
company, today announced that Spot by NetApp has achieved the
FinOps Certified Platform certification from the FinOps Foundation,
validating the platform's ability to provide the depth and breadth
of capabilities organizations need to practice sound cloud
financial management. Also, Spot by NetApp has expanded its
certified platform with the general availability of its Cost
Intelligence and Billing Engine solutions.
As organizations move increasing amounts of their workloads to
the cloud, especially to fuel the development of AI applications,
balancing the competing needs of infrastructure and financial
efficiency becomes more difficult. Overprovisioning cloud resources
results in wasted expenses, but under-provisioning can slow
business operations and stifle innovation. The traditional approach
of standalone FinOps tools, with their focus on cost cutting, fall
short of meeting these evolved requirements to deliver
cost-effective yet high-performance cloud infrastructure.
Spot by NetApp closes this technology gap by delivering a
holistic, integrated portfolio of FinOps solutions that supports an
organization’s intelligent data infrastructure. With its breadth of
capabilities, organizations can unify cloud cost and infrastructure
optimization, deliver analytics to maximize the efficiency and
impact of every dollar spent in the cloud, and drive digital
business growth. Becoming a FinOps Certified Platform helps Spot by
NetApp enable its customers to successfully adopt cloud best
practices aligned with the FinOps standards.
“According to the FinOps Framework, implementing a productive
FinOps strategy requires effective collaboration between teams.
Effective collaboration requires full access to both financial and
cloud operations data,” said Mike Fuller, CTO of the FinOps
Foundation. “A thoughtful and comprehensive approach to FinOps
helps organizations maximize the business value of the cloud so
they can more easily achieve their business goals. We recognize
Spot by NetApp as a FinOps Certified Platform due to its ability to
deliver software that helps organizations successfully adopt FinOps
practices.”
To support this comprehensive approach to FinOps, Spot by NetApp
has integrated the cloud cost management capabilities of
Cloudcheckr into its portfolio with the introduction of two new
product modules:
- Cost Intelligence: This product delivers panoramic
visibility with actionable insights on cloud costs, resources, and
usage across multi-cloud environments through interactive
dashboards and drill down reports. To support the cost optimization
process, Cost Intelligence provides best practice checks that
immediately flag problems and help users optimize spend,
effectively utilize resources, reduce waste, and address
misconfigurations.
- Billing Engine: This product provides comprehensive
billing reporting with intelligent cost allocation capabilities
including chargeback and showback. With this product, businesses
can better track and manage cloud spend across different groups to
drive accountability.
FinOps teams will benefit from a single source of truth for
financial and cloud operations data. The release of Cost
Intelligence and Billing Engine improves the effectiveness of all
solutions in the Spot by NetApp portfolio. For example,
organizations will be able to use Spot Ocean and Elastigroup’s
machine learning and AI analytics together with Cost Intelligence’s
advanced cost analysis to deliver the most accurate optimization
recommendations. Teams can further simplify their FinOps practices
by automatically applying those recommendations to their
infrastructure.
"The expansion of our integrated FinOps offering and becoming a
FinOps Certified Platform is a true validation of Spot by NetApp's
vision and approach to leveraging data and technology to help
customers get the most from their cloud investments,” said Haiyan
Song, Executive Vice President of Cloud Operations at NetApp. “Our
comprehensive and integrated portfolio spans financial management
and continuous cloud infrastructure optimization. We continue to
innovate and evolve our cutting-edge AI powered solutions,
harnessing the intelligence from the vast workloads and
infrastructure under management by Spot by NetApp to provide
critical insights in FinOps management and enable autoscaling and
continuous optimization. Expanding our FinOps offerings with Cost
Intelligence and Billing Engine is another step forward in our
ongoing mission to support our customers and unlock more value from
the cloud.”
"Utilizing Spot by NetApp's tools through RealCloud has been a
game-changer for our FinOps operations,” said Luis Martinez, Cloud
and Network Infrastructure Manager at Genial Investimentos.
“Through intelligent automation and advanced visibility provided by
these solutions, we have significantly optimized our cloud costs
while increasing operational efficiency. Our partnership with Spot
by NetApp and RealCloud has enabled us not only to reduce expenses
but also to reinvest those savings into innovation and strategic
growth for the company."
To learn more about the Spot by NetApp solution for FinOps,
visit the Spot by NetApp booth #G3 at the FinOps X conference
running from June 19-22 at The Marriott Marquis, San Diego
Additional Resources
- Helping Companies Go Beyond Savings with Spot by NetApp for
FinOps
- Cost Intelligence: Reduce costs through actionable insights on
your cloud environment, all in one place
- Billing Engine: Streamline invoicing with a flexible,
customizable billing engine
About NetApp
NetApp is the intelligent data infrastructure company, combining
unified data storage, integrated data services, and CloudOps
solutions to turn a world of disruption into opportunity for every
customer. NetApp creates silo-free infrastructure, harnessing
observability and AI to enable the industry’s best data management.
As the only enterprise-grade storage service natively embedded in
the world’s biggest clouds, our data storage delivers seamless
flexibility. In addition, our data services create a data advantage
through superior cyber resilience, governance, and application
agility. Our CloudOps solutions provide continuous optimization of
performance and efficiency through observability and AI. No matter
the data type, workload, or environment, with NetApp you can
transform your data infrastructure to realize your business
possibilities. Learn more at www.netapp.com or follow us on
X, LinkedIn, Facebook, and
Instagram.
NETAPP, the NETAPP logo, and the marks listed at
www.netapp.com/TM are trademarks of NetApp, Inc. Other
company and product names may be trademarks of their respective
owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20240620996726/en/
Media Contact: Kenya Hayes NetApp
kenya.hayes@netapp.com
Investor Contact: Kris Newton NetApp
kris.newton@netapp.com
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