Logicworks Helps Manage AWS Costs
Logicworks, an Amazon Web Services Inc. (AWS) partner, announced a solution to help cloud customers manage their spending and reduce overall costs in the process.
CostLogic helps those customers with their cloud planning, monitoring and managing their AWS accounts, the company said in a news release yesterday.
"With CostLogic, Logicworks performs gap analysis and develops cost strategies that adjust and/or eliminate underutilized instances," the company said in a statement. "This enables customers to reduce waste, improve performance, and more accurately predict future costs.
"In addition," the company said, "CostLogic's analysis recommends the purchase of on Amazon Elastic Cloud Compute (Amazon EC2) Reserved Instances where appropriate, further cutting on-demand costs. Cost tagging simplifies reporting, provides transparency into resource usage, and enables bill backs and return on investments tracking. Lastly, Logicworks automation can match Infrastructure as a Service (IaaS) supply with end-user demand, handle scheduled shutdowns to streamline resources, and eliminate waste."
Besides account management and cost reduction functionality, the company helps cloud customers leverage Amazon EC2 Spot Instances by integrating with Spotinst, another AWS partner that provides EC2 cluster management using cutting-edge technologies such as predictive analysis and machine learning. Amazon EC2 Spot instances allow users to bid on spare Amazon EC2 computing capacity at reduced rates.
"Implementing a cohesive spend management has become increasingly difficult due to lack of visibility or predictability in the cloud, its dynamic nature, and still-maturing best-practices," said Logicworks exec Jason McKay. "CostLogic was designed both to give customers this visibility and drive significant cost savings, freeing up resources to migrate more projects faster and realize greater value from AWS."
No details on pricing were provided by the company.
David Ramel is an editor and writer for Converge360.