Spot by NetApp has received the FinOps Certified Platform certification from the FinOps Foundation, validating its platform's capacity to provide comprehensive cloud financial management capabilities. Alongside this certification, Spot by NetApp has also announced the general availability of its new Cost Intelligence and Billing Engine solutions.
Haiyan Song, Executive Vice President of Cloud Operations at NetApp, commented on the achievement, stating, "The expansion of our integrated FinOps offering and becoming a FinOps Certified Platform is a true validation of Spot by NetApp's vision and approach to leveraging data and technology to help customers get the most from their cloud investments. Our comprehensive and integrated portfolio spans financial management and continuous cloud infrastructure optimisation."
"We continue to innovate and evolve our cutting-edge AI powered solutions, harnessing the intelligence from the vast workloads and infrastructure under management by Spot by NetApp to provide critical insights in FinOps management and enable autoscaling and continuous optimisation. Expanding our FinOps offerings with Cost Intelligence and Billing Engine is another step forward in our ongoing mission to support our customers and unlock more value from the cloud."
Obtaining the FinOps Certified Platform status confirms Spot by NetApp's capability to help organisations adopt FinOps practices that unify cloud cost and infrastructure optimisation. As businesses increasingly shift workloads to the cloud, particularly for AI application development, balancing the requirements of infrastructure and financial efficiency has garnered significant importance. Spot by NetApp aims to address these challenges by offering an integrated portfolio that delivers analytics to enhance the efficiency and impact of cloud spending.
Mike Fuller, CTO of the FinOps Foundation, praised the platform: "According to the FinOps Framework, implementing a productive FinOps strategy requires effective collaboration between teams. Effective collaboration requires full access to both financial and cloud operations data. A thoughtful and comprehensive approach to FinOps helps organisations maximise the business value of the cloud so they can more easily achieve their business goals. We recognise Spot by NetApp as a FinOps Certified Platform due to its ability to deliver software that helps organisations successfully adopt FinOps practices."
Spot by NetApp aims to bridge the gap left by traditional standalone FinOps tools, which often focus primarily on cost-cutting without adequately balancing performance needs. The introduction of the Cost Intelligence and Billing Engine modules extends the cloud cost management capabilities of Cloudcheckr, which has been integrated into Spot by NetApp's offering.
The Cost Intelligence module provides comprehensive insights into cloud costs, resources, and usage across multi-cloud environments through interactive dashboards and detailed reports. This tool highlights best practices to help users optimise spending, effectively utilise resources, reduce waste, and correct misconfigurations.
The Billing Engine module features in-depth billing reporting and intelligent cost allocation capabilities, such as chargeback and showback. This helps businesses track and manage cloud expenditures across various departments, promoting accountability.
Spot by NetApp aims to deliver a unified source of truth for financial and cloud operations data, improving the effectiveness of all solutions in its portfolio. The new modules will enable organisations to utilise machine learning and AI analytics, such as those offered by Spot Ocean and Elastigroup, in combination with advanced cost analysis to optimise their cloud infrastructure effectively.
