Tag: Cost Anomaly Detection

Today, we’re excited to announce the extension of AWS managed monitors in AWS Cost Anomaly Detection to support linked accounts, cost allocation tags, and cost categories. Previously available only for AWS services, AWS managed monitors now enable you to track costs across all your organizational dimensions with minimal ongoing maintenance. As organizations scale from tens to hundreds of accounts and teams, you can create a single AWS managed monitor that automatically adapts as your organization grows, eliminating the need to maintain hundreds of individual customer managed monitors. After initial setup, this feature transforms cost monitoring from a time-consuming operational task into an automated process that ensures comprehensive anomaly detection coverage while enabling clear segmentation of spending alerts by cost ownership.

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.

Gartner estimates a 70% overspend on cloud resources by organizations who do not have a defined plan for cloud cost management. While cloud brings lower Total Cost of Ownership (TCO), an effective billing management and cost control mechanism is required to make sure you only pay for what you need, and it also empowers your […]