AWS Cloud Financial Management
Author: Fredrik Tunvall
Fredrik Tunvall is a Senior Product Manager at AWS Billing and Cost Management. He leads cost monitoring, cost investigation, cost estimation, and cost planning. His work focuses on closing the gap between cost data and the decisions teams need to make from it, so customers can resolve cost surprises faster or avoid them entirely.
Introducing AI-Powered Cost Investigations For Cost Anomalies
Today, we are introducing AI-powered cost investigation, a new capability in AWS Cost Anomaly Detection (CAD) and the AWS FinOps Agent. When a cost anomaly fires, you can now get a plain-language root cause analysis in minutes and continue the investigation conversationally to drill into specific resources or identities, compare to past anomalies, or set the direction of […]
Quick MoM Cost Analysis with Cost Comparison in AWS Cost Explorer
As organizations scale cloud usage, understanding cost variations becomes increasingly complex. Many of you have told us that you sometimes had to spend hours analyzing why costs changed from one month to another. To address this, we’re excited to announce a new cost comparison feature in AWS Cost Explorer that provides automated month-over-month cost change analysis. This feature enables you to quickly identify, understand, and explain variations in your AWS spending. With this new feature, you can now pinpoint the largest cost changes across any cost dimension, such as services, accounts and regions, and drill down into detailed explanations of these changes, including shifts in usage patterns, changes in commitment-based discounts, and applied credits within seconds.
Improving accuracy for your cloud budgeting with new features in AWS Budgets
AWS announced new capabilities in AWS Budgets that provides greater flexibility in how you track and manage your AWS spend. These enhancements include support for additional cost metrics (net unblended costs and net amortized costs), an ability to exclude specific dimension values when creating budgets (such as services, accounts, and instance types), new filtering capabilities for charge types for fine-grained control to include or exclude AWS Savings Plans (SPs) or Reservation (RI) upfront charges, recurring fees, taxes, and credits, and enhanced API functionality that supports filter expressions that are consistent with AWS Cost Explorer.
Faster anomaly resolution with enhanced root cause analysis in AWS Cost Anomaly Detection
Today, AWS enhanced Cost Anomaly Detection with the ability to provide multiple root causes for cost anomalies. This new capability empowers FinOps professionals and cloud financial managers to quickly identify and resolve the underlying factors driving unexpected cost increases. For FinOps teams striving to optimize cloud spend and maintain financial accountability, this enhancement offers deeper insights and faster resolution times. This post explains how this improvement can help you resolve anomalies more efficiently and answers some frequently asked questions.