2024 has been a special year for ProsperOps. We released Autonomous Discount Management (ADM) for AWS Compute in 2018, expanded support to AWS data and analytics services last year, and this year, we released ADM for Google Cloud Compute and Microsoft Azure Compute (in Early Access). With ProsperOps, you can now reduce your cloud costs automatically across all three hyperscale cloud service providers.
The capabilities released this year are shaped by continuous feedback from you, our customers, and fueled by our mission to enable organizations to prosper in the cloud.
From new products to improved features, let’s review the key ProsperOps product updates of 2024. Read on!
Autonomous Discount Management for Google Cloud Compute
Autonomous Discount Management (ADM) for Google Cloud Compute autonomously optimizes Compute Engine, GKE, and Cloud Run costs. By bringing our battle-tested automation for AWS to Google Cloud, we’ve simplified the complexities of managing resource-based and spend-based Committed Use Discounts (CUDs).
ADM for Google Cloud Compute leverages Adaptive Laddering™ to continuously manage CUDs and increase coverage while minimizing lock-in risk. It offers a comprehensive view of usage, spend, savings, commitment burndown, and FinOps KPIs such as Effective Savings Rate and Commitment Lock-In Risk, providing you with visibility and insights into the outcomes you have achieved. As always, our automation is governed by the parameters you set!
“ProsperOps automation helped us maximize savings while optimizing workloads. Its dynamic algorithms adjust coverage to adapt to usage changes in real time. Automating Committed Use Discount management allowed us to focus more on rightsizing and other crucial optimization efforts” – Marcus Zhao, SRE Manager, Zenni Optical
Learn more: Autonomous Discount Management for Google Cloud Compute is Now Generally Available.
Autonomous Discount Management for AWS RDS, ElastiCache, RedShift, OpenSearch and MemoryDB
Last year, we launched Autonomous Discount Management for RDS, ElastiCache, MemoryDB, Redshift, and OpenSearch in Early Access, and made it generally available this year. This release expanded the capabilities of ADM for AWS beyond EC2, Fargate, and Lambda. The Adaptive Laddering™ technology used to optimize rates of these services monitors usage changes and distributes commitment purchases over time. ProsperOps’ automated commitment management capabilities maximize Effective Savings Rate while eliminating manual work across more AWS workloads.
“ProsperOps saves us a ton of money, and my team a ton of time on reservations management, so when they offered to take over RDS reservations, it was no brainer – better reservation coverage, more savings, and less effort!” – SRE Manager of a leading buyer experience and conversational AI company
Optimize AWS Compute with Savings Plan Adaptive Laddering™
Compute Savings Plans (CSPs) have been a cornerstone of our commitment management strategy since their introduction. However, recent developments indicated a need for more sophisticated strategies for managing them. First, as more organizations leverage Lambda and Fargate, CSP adoption has increased since Reserved Instances (RIs) are not available for these serverless compute services. Some organizations also receive more favorable private discount rates on CSPs than RIs. Finally, recent changes to the Amazon EC2 Reserved Instances Marketplace terms and conditions have made Compute Savings Plans more attractive. In response to these changes, we introduced Savings Plan Adaptive Laddering™ for AWS Compute, covering EC2, Lambda, and Fargate.
Unlike traditional batch-purchasing approaches, our strategy creates smaller, staggered commitments that expire at regular intervals, and adjusts dynamically in response to changes in usage. By tracking compute usage, ProsperOps ensures your Compute Savings Plan portfolio remains optimized, reducing unused commitments and increasing savings.
Learn more: Introducing Savings Plan Adaptive Laddering for AWS Compute
Commitment Lock-In Risk, a New Companion Metric to Effective Savings Rate
We introduced Effective Savings Rate (ESR) in 2018 to objectively measure savings outcomes realized by strategic commitment management. However, ESR alone is not enough to measure rate optimization performance; the term risk associated with a given commitment portfolio must be quantified to paint a complete picture.
Enter Commitment Lock-In Risk (CLR). CLR quantifies the temporal risk required to achieve the savings performance provided by a commitment portfolio. Lower CLR, lower risk. Combined with ESR, CLR provides a more holistic representation of rate optimization efficacy, enabling organizations to weigh cloud savings against term commitment risk. This empowers you to make more informed commitment decisions and strike the right balance between flexibility and savings. You can view and track your CLR over time in the ProsperOps console.
Learn more: Introducing Commitment Lock-In Risk: A Companion Metric to Effective Savings Rate.
Autonomous Discount Management for Microsoft Azure Compute in Early Access
Microsoft Azure is the fastest growing cloud service provider at +29% year-over-year. We launched Autonomous Discount Management (ADM) for Azure Compute, currently in Early Access, to enable you to automate rate optimization of Virtual Machines, App Service, AKS, and more. Like other ProsperOps offerings, it employs Adaptive Laddering™ technology and other optimization techniques to maximize ESR of Savings Plans for Compute and Reservations while adapting to your dynamic usage patterns within the constraints you define.
New and existing ProsperOps customers can join the Early Access Azure program by adding an Azure billing scope in the ProsperOps console.
Learn more: Introducing Autonomous Discount Management for Azure Compute.
Custom Roles for Granular User Permission Configuration
Custom Roles in the ProsperOps Console provide you with more granular control over user permissions. Permissions can be set individually for each AWS Organization, Google Cloud Billing Account, and Azure Billing Scope, ensuring better privacy and security without compromising access. Editor and Viewer roles can be assigned separately for specific cloud billing entities. For example, a user could have Editor rights for a AWS Organization and Viewer rights for a Google Cloud Billing Account. This feature is especially valuable for larger, multi-cloud enterprises with separate teams managing different accounts. Custom Roles are generally available to all ProsperOps customers at no extra cost.
Learn more: Introducing Custom Roles for Autonomous Discount Management.
Looking forward to 2025
2024 has been a year of growth, innovation, and adapting to the needs of our customers. Cloud cost management is always evolving, and so are we. As we wrap up the year, we’re already gearing up for what’s coming next in 2025.
Thank you for being part of this journey. Together, we’re making cloud cost management smarter, simpler, and more effective. Here’s to another year of helping businesses prosper in the cloud.
Keep prospering! 🖖
Chris, Erik, and Chris
