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Simplify Cloud Cost Management with Spot and Centroid

In the wake of COVID and its resulting economic fallout, nearly every enterprise leader is looking for ways to tighten the belt financially. If this describes you, we can guess that you have already eliminated extraneous expenses, and you have already run the numbers for a hundred possible “what if” scenarios. 

As you have been busy crunching the numbers, it is likely you identified that you have high cloud spend costs (especially with everyone working and purchasing online lately). If you have wondered how you can lower those costs – and which costs are appropriate to lower – you will be pleased to hear about the new cloud cost management solution available from Centroid

It is time for us to talk about Spot

What Is Spot? 

Simply put, Spot helps companies automate and save a ton of money on cloud compute costs and reserved instances (RIs). 

Spot works with AWS, Azure, and Google Cloud, offering fully automated infrastructure management that helps you achieve up to 90% cost reduction and nearly effortless management for all your cloud workloads. And we mean all your cloud workloads, including your mission-critical workloads

Spot comes with trustworthy, SLA-backed availability and 24/7 support. Over 2019, Spot ran 500,000 concurrent cloud instances and VMs and saved users $100 million

Best of all, it is easy and fast to connect your cloud environments in minutes. In fact, it will probably take you longer to finish this blog post and learn about the various Spot solutions than it will for you get set up and on the path to true cloud cost optimization. 

Too busy to read the post? We set up a page to help you get fast facts on Spot. 

You Have a Range of Options for Cloud Cost Management

Here at Centroid, we know that the cloud is complex. That is why our mission is to simplify the cloud. When it comes to cloud cost optimization, it does not get much simpler than using Spot services to handle the work for you. 

Depending on your needs, you may want to mix and match these Spot services

Eco

Eco gets you the most from your reserved instances (RIs) with automated buying and selling, based on your analyzed needs. 

Eco from Spot treats your RIs like a stock portfolio, buying when costs are low and selling when costs are high, so you get the maximum ROI on your upfront commitments. To do this accurately, Eco follows 3 steps: 

  1. Eco performs an analysis to determine how you use your reserved instances
  2. Eco plans a buy/sell strategy for you, based on the findings of how you use your RIs
  3. Eco then fully automates to follow the plan it has created, buying and selling your RIs in the AWS marketplace 

Eco benefits include:

  • Increased average savings of over 100%
  • Frees up DevOps and Finance to focus on core activities instead of RI planning and management
  • Delivers full visibility into EC2 consumption with real-time monitoring and tuning of your RI portfolio to ensure your enterprise can squeeze the most out of your RI investments 
  • Real-time monitoring and tuning of your reserved instances portfolio for max ROI on your upfront investments on infrastructure

Elastigroup

Elastigroup IaaS optimization keeps your mission-critical workloads running at lower costs and with seamless continuity. 

Your enterprise does not stop working – and that means your workloads must keep working around the clock as well. With Elastigroup from Spot, you can deploy mission-critical workloads on spot instance clusters with full confidence because you know that your workloads will keep running with predictable performance. 

You deserve to know that your workloads will be there for you when you need them. With Elastigroup, you can trust that your workloads will immediately restart after a disruption from the exact same data point… and you will not have to pay an arm and a leg to achieve that level of continuity.  

Elastigroup benefits include: 

  • Optimized pricing for production and mission-critical workloads
  • Seamless continuity that balances your capacity up to 15 minutes ahead of time
  • Real-time insight and predictions
  • 90% EC2 cost optimization with an 85% reduction in infrastructure management requirements
  • Automated AMI backup snapshots for faster launches, in any geo, with fewer errors
  • Deep visibility and monitoring with predictive capabilities that help you gain insight into current and projected infrastructure costs

Cloud Analyzer

Gain true insight into real-time cloud spend optimization tactics with actionable advice that helps you keep costs low and performance high. 

Cloud Analyzer from Spot helps you act fast in response to unexpected cloud spend, so you can maximize your cost efficiency the easy way. Not only does Cloud Analyzer identify cost anomalies and alert you of them instantly, it also acts as your AI guide by providing you with actionable advice that is easy to implement and automate. 

In addition, Cloud Analyzer offers targeted KPIs that help you track the efficiency of the actions you have taken and uses Machine Learning tools to forecast your cloud spend. Savvy leaders rely on continuous usage optimization, cost-efficiency, and advice from Cloud Analyzer. 

Cloud Analyzer benefits include: 

  • Flexibility to handle web services, container workloads, big data, or stateful applications
  • Visualizations that help you understand your cloud spend at a glance
  • Efficiency calculations, based on a score derived from a blend of savings opportunities
  • Confidence – so you can eliminate your unused resources worry-free

Ocean

With Ocean’s “set it and forget it” container management, you can work smart with fewer management tasks. 

The seamless integration from Ocean simplifies management for your containerized workloads and helps you gain real insight into hyper-granular cluster cost breakdowns for your compute and storage. 

Additionally, Ocean users use more, save more, and work less because Ocean delivers up to 90% cluster utilization, advanced cost optimization, and managed services you can trust to handle your container management for you. 

Ocean benefits include: 

  • Auto-scaling and right-sizing of container resource requirements, including auto-detection of your specific needs and usage
  • Reduction of infrastructure management tasks by up to 85%
  • Average savings of 75% for EC2
  • Flexibility and ease in running different instance types in a single cluster
  • Elimination of underutilized instances

Optimize Your Cloud Cost Management the Easy Way!

For more than 20 years, Centroid clients have enjoyed optimized tech usage, a predictable ROI on their critical tech needs, and a team they can trust to handle all the details, so enterprise leaders can make sure their mission-critical and other solutions run seamlessly. 

With Spot, Centroid’s clients now have the powerful, predictive, managed tool they need to handle multicloud cost optimization easily and quickly. In fact, your enterprise can set up Spot in just a few minutes right now and start seeing cloud computing cost savings in record time. 

Learn more about Spot.