LogicMonitor Releases LM Cost Optimization
May 16, 2024
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LogicMonitor unveil the LM Cost Optimization capability in its LM Envision platform.

It unleashes cost optimization 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.

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

"As a company committed to modernization, we're excited to unveil capabilities that level up AI-powered observability," said John Kim, General Manager, Hybrid Observability, LogicMonitor. "Our powerful new LM Cost Optimization 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."

By turning on the capability, LM Cost Optimization 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 visualizing 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 utilization decisions that align with business needs, enhancing performance and cloud investment value

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