A new update in version 8.9.3 of IBM Turbonomic provides a clearer and more accurate view of the savings achieved in cloud cost optimization efforts. This update leverages cloud provider bills to determine the impact of cost optimization actions on cloud expenses, ensuring greater accuracy and transparency. The functionality has also been expanded to capture savings and investments across various categories, empowering users to better understand the factors influencing cost optimization efforts.

What’s New in IBM Turbonomic

The latest update in IBM Turbonomic, version 8.9.3, introduces a more robust approach to measuring the savings realized in cloud cost optimization. The new update leverages cloud provider bills to accurately determine the impact of cost optimization actions on cloud expenses. This ensures greater accuracy and transparency, effectively showcasing the tangible benefits achieved. Additionally, the functionality has been expanded to capture savings and investments across various categories such as accounts, resource groups, regions, and action types. This additional granularity empowers users to better understand the factors influencing cost optimization efforts, enabling informed decision-making and targeted improvements.

The Engine Behind the Savings/Investment Model

The savings realized in cloud cost optimization efforts are measured based on predefined conditions and a comprehensive workflow. This workflow ensures accurate tracking and correlation between executed actions and corresponding charges. The measurement begins with defining that an action continues to generate savings until the current resource cost exceeds the cost at the time of execution, the resource is terminated, or the resource is scaled to a tier that is not recommended. The savings workflow includes daily parsing and storage of itemized cloud provider bills, searching for matches between executed actions and billing information, and calculating the value of realized savings and/or investments.

An example is provided to illustrate this concept. If a virtual machine (VM) has an initial cost of $2 per day, and three scale actions are executed on consecutive days, the investments made and resulting savings are calculated at each step. This example demonstrates how the defined concept of value realization captures the financial impact of scale actions on the VM’s costs.

Next Steps in Cloud Cost Optimization

IBM Turbonomic captures savings and investments resulting from various optimization actions, including virtual-machine scaling, database scaling, deletion of wasted storage, and volume scaling. It also captures the impact from optimizing popular Platform-as-a-Service (PaaS) services. This ongoing journey of cloud cost optimization aims to continuously expand support and validate the efforts made in optimizing cloud costs. The goal is to encourage cost-conscious practices and demonstrate the value of optimization to stakeholders.

Frequently Asked Questions (FAQ)

What is IBM Turbonomic?

IBM Turbonomic is a tool that helps optimize cloud costs by providing insights and recommendations on cost-saving actions. It leverages cloud provider bills and other data to accurately measure the impact of cost optimization efforts.

How does the updated version of IBM Turbonomic measure savings?

The updated version of IBM Turbonomic uses cloud provider bills to accurately determine the impact of cost optimization actions on cloud expenses. This new approach ensures greater accuracy and transparency in measuring savings.

What categories does the expanded functionality capture savings and investments across?

The expanded functionality in IBM Turbonomic captures savings and investments across various categories, including accounts, resource groups, regions, and action types (among others). This additional granularity allows users to better understand the factors influencing their cost optimization efforts and make informed decisions.

How does the engine behind the savings/investment model work in IBM Turbonomic?

The engine behind the savings/investment model in IBM Turbonomic tracks and correlates executed actions with detailed billing information to calculate realized savings and investments. It continuously parses and stores cloud provider bills, searching for matches between actions and billing information to accurately measure the financial impact of cost optimization efforts.

What actions and services does IBM Turbonomic capture savings and investments from?

IBM Turbonomic captures savings and investments resulting from various optimization actions, including virtual-machine scaling, database scaling, deletion of wasted storage, volume scaling, and optimizing popular PaaS services like Azure App Service.

What are the next steps in cloud cost optimization?

The next steps in cloud cost optimization involve continually expanding support and validating efforts in optimizing cloud costs. The goal is to encourage cost-conscious practices and demonstrate the value of optimization to stakeholders.