New Relic Unveils Platform Innovations that Give Enterprises Full Visibility and Control of Cloud ..
New Relic, the Intelligent
Observability company, announced platform innovations that give businesses the
insights they need to optimize spending and ROI within data-rich tech stacks
and multi-cloud environments. Innovations include Cloud Cost Intelligence,
which delivers detailed views into multi-cloud cost trends, drivers, and
impacts so that business teams can be strategic about current and future cloud
investment. New Relic also unveiled Pipeline Control, which gives enterprises a
powerful rules engine and rich data visualizations to maximize the value of
data ingestion.
Adoption of AI and multi-cloud are driving up cloud costs at a rapid
rate
The adoption of AI in IT and business operations is driving a sharp rise in cloud costs. Gartner predicts that cloud spending will jump 21.5% in 2025, and that cloud infrastructure and platform services will comprise the largest category of enterprise cloud spend. Gartner also predicts half of enterprises will rely on a multi-cloud strategy this year, leading businesses to juggle the management of multiple cloud platforms, security protocols, and billing structures. In the multi-cloud, AI era, tech stacks are also intricate, generating vast amounts of data that is challenging to control and optimize.
“Businesses are under pressure to
control costs and maximize value from all angles within their multi-cloud
environments—where data volumes are exploding alongside the growing use of AI,”
said New Relic Chief Product Officer Manav Khurana. “Any lack of visibility
across these ecosystems and data pipelines leads to overspending or spending in
the wrong areas, waste, and lack of predictability in future costs. Now,
enterprises need to look no further than our Intelligent Observability Platform
for an automated, unified view of telemetry data from across cloud providers,
with real-time insights and intelligent recommendations they can use to
optimize two of their most critical and expensive areas: cloud environments and
data pipelines. As a result, they gain full control of these key cost centers
to ensure ongoing ROI.”
Cloud Cost Intelligence provides automatic insights enterprises need to
optimize cloud spending at scale
Fully integrated into the New
Relic Intelligent Observability Platform, customers leverage Cloud Cost
Intelligence to:
Automatically gain real-time,
comprehensive visibility into AWS cloud and Kubernetes resource costs so both
technical and business teams can visualize and predict dynamic cloud spending.
Run cost estimates for planned
resources pre-launch and share insights for business alignment.
Identify unusual spend patterns
and alert relevant teams for fast resolution.
Pipeline Control enables
enterprises to ensure data quality control and optimize costs
Fully integrated into the New
Relic Intelligent Observability Platform, customers use Pipeline Control to:
Access a powerful rules engine so
IT teams can route, filter, enrich, and transform all MELT telemetry data in
flight, enabling teams to maximize the value of data ingestion.
Run pipelines in their own
infrastructure or in New Relic’s cloud.
Mask, filter, and obfuscate
sensitive data to ensure security and compliance.
Further manage costs by filtering
data to pay only for valuable data, and see the exact ROI impact on ingestion
with rich pipeline visualizations.
“Organizations want simple,
integrated, cost-effective, and highly automated solutions to support modern
business insights. Cloud data pipelines (CDPs) help enterprises build analytics
quickly, automate ingestion and data processing workflows, leverage new data
sources, and support new business requirements. Enterprises need a data
pipeline solution that delivers performance at scale, makes data engineers,
data scientists, data analysts, and developers more productive, supports more
complex use cases, and leverages new generative AI (genAI) capabilities to
automate deployments. Cloud data pipeline vendors are responding to these needs
by offering advanced capabilities for roles across the enterprise so that teams
can quickly develop, deploy, and manage data pipelines to accelerate use
cases.” The Forrester Wave: Cloud Data Pipelines, Q4 2023, Noel Yuhanna,
Carolin Provost, Aaron Katz, and Jen Barton, Nov 28, 2023.
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