Expanding Cloud Cost Optimization Solutions for Multi-Cloud Environments
Gal Ben David
September 11, 2024
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Whether established intentionally or as the result of an acquisition, many organizations have a multi-cloud environment. This structure offers many advantages, like dispersing workloads and maximizing scalability. 

Our experience integrating Intsight’s environment into Rapid7 following our acquisition proved that organizations need better cloud cost optimization capabilities — and these capabilities need to support multi-cloud environments.

Existing cloud cost management approaches often fall short, treating optimization as a periodic exercise. This leads to inconsistent cost reviews being lumped into tech debt, usually driven by procurement rather than as a consistent strategy. No one likes to pay off debt. As cloud usage grows, this reactive approach will fail.

PointFive takes a fundamentally different approach. We believe that effective cloud cost optimization isn't about tools and dashboards — it's about empowering and engaging your engineering teams. Our platform is designed to engage engineers and push accountability to the edges of your organization, making cost optimization a key part of the development process.

By contextualizing cost data within the metrics that engineers care about — performance and scalability — PointFive transforms cost management from a task into an opportunity. Engineers can see the impact of their efforts on both the bottom line and the products they're passionate about building.

This shifts cloud cost management from an ad-hoc, dreaded activity into a continuous improvement cycle that aligns with engineers' core motivations. It's not just about cutting costs; it's about building more efficient, scalable products from the ground up.

With PointFive, enterprises gain more than just multi-cloud visibility. They create a culture of efficiency; engineers are empowered to make informed decisions, and cost optimization becomes an extension of building great products. This approach doesn't just save money — it drives innovation and improves product quality and team engagement.

PointFive for Google Cloud Platform

PointFive’s platform already offers support for more than 40% of the market, including AWS and Google Cloud Platform (GCP), enabling organizations to identify hidden cloud costs and maximize cost savings. This multi-cloud capability allows our platform to provide FinOps and engineering teams with best-in-class cloud visibility, management, and optimization tools. 

Expanding FinOps and Engineering Capabilities

As an enterprise-grade solution, the PointFive platform is designed to foster collaboration between FinOps and engineering teams. This allows FinOps teams to assign responsibility to the different engineering teams, creating shared ownership and accountability between FinOps and engineers. While FinOps traditionally had to chase down engineers to remediate inefficiency, the platform gives teams the tools to collaborate and focus on the initiatives they love: creating and building new products and releasing new features.

As a result, engineers play a bigger role in cost management, empowering them to become efficiency champions for their organizations.  

Seamless Integration With GCP

PointFive integration with Google Cloud not only provides better visibility, accountability, and cloud optimization across environments, but the integration itself is also fast. The integration setup takes minutes, and within 24 hours, organizations can see their Google Cloud metrics on our platform, giving them visibility to overlooked opportunities. It’s a win-win for companies looking to optimize their cloud without disrupting their workflows.

DeepWaste Detection Technology

PointFive’s platform is powered by its proprietary DeepWaste Detection technology. By leveraging AI and advanced algorithms, DeepWaste Detection reveals overlooked cloud inefficiencies by analyzing telemetry on usage patterns and billing and financial data. Continuous analysis of this data offers organizations real-time visibility into potential issues, enabling swift action, regardless of cloud provider.

Visibility from a Single Location

FinOps and engineering teams can see cloud optimization opportunities in context with actionable insights on a single pane of glass. This means teams get actionable recommendations to maximize the efficiency of their cloud investment across AWS and GCP environments without needing to log into a separate platform or dashboard. 

Analytics Enables Flexible Dashboarding Capabilities 

PointFive’s Analytics module enables flexible dashboarding, providing access to the information that matters most to each business unit. This ensures organizations make the most informed decisions and drive operational efficiency. 

PointFive Maximizes Cloud Efficiency 

PointFive’s mission is to empower teams with maximum value from their cloud environments. By expanding support for GCP, PointFive’s single-view platform makes it easy for enterprises to identify cloud waste in real time and take action to remediate issues.

Book a demo to see how PointFive can help you navigate your multi-cloud environment to uncover cloud cost savings opportunities.
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