How Onix’s Eagle FinOps can help optimize your cloud costs

The 2024 statistics on cloud cost management present a rather “grim” picture:

Enterprises are rapidly shifting from on-premises environments to the cloud to reduce costs and achieve scalability. At the same time, they need to be mindful of the escalating costs of adopting the cloud.

Without effective cost management, cloud services can be expensive for enterprises. Modern enterprises adopt various forms of cloud platforms to meet their unique business requirements in their daily operations. When different teams and departments start using various cloud services to meet their needs, it can quickly lead to cloud sprawl. This can add to their cost and complexity factors.

That said, more organizations are realizing the importance of controlling their cloud costs. As a patented tool, Onix’s Eagle is a uniquely positioned data warehouse assessment tool that can assess and recommend optimization strategies.

Thats’s not all. Post-migration, Eagle’s FinOps capabilities enable enterprises to optimize their cloud expenses by analyzing their data models and queries. 

Optimizing cloud costs with Eagle FinOps, Onix’s patented product

After migration, Eagle FinOps focuses on optimizing cloud costs by providing real-time insights and actionable recommendations. By identifying inefficiencies and suggesting cost-saving measures, Eagle ensures that your cloud usage remains cost-effective.

Here’s how Eagle FinOps can optimize both workload and infrastructure costs:

• Achieving continuous cost management on the cloud.
• Implementing proactive measures to safeguard against financial risks.
• Adopting industry best practices for “quantifying” business value.
• Leveraging best practices in cloud-native and serverless paradigms.

With Eagle FinOps, organizations can reduce cloud wastage that occurs due to:

• Misconfiguration
• Unused cloud resources
• Overprovisioned cloud resources
• Un-availed discounts 

Primarily, Eagle FinOps enables enterprises to optimize cloud costs in the following two areas:

1. Infrastructure
   For companies running their cloud infrastructure on the Google Cloud Platform (GCP), Eagle FinOps can analyze the usage patterns (over the previous 30 days) – along with the current configurations and pricing models. Additionally, it can deliver recommendations for:

• Stopping idle resources
• Correcting any misconfigurations
• Removing any instances of overprovisioning
• Billing discounts or other cost-effective options

2. Workload
   Eagle FinOps can also analyze the workload patterns (over 33 days) for companies that have implemented data migration to Google BigQuery – including analysis of system logs and metadata. It can also deliver cost optimization recommendations for cloud storage and performance.

For workload optimization on the cloud, the Eagle FinOps tool can optimize data models for lower storage capacity and computing resources. Additionally, it can maximize application code with a cost-efficient design and architecture, and reduce the use of computing power. Eagle FinOps also supports cost-effective elastic scaling for automatically adding or removing cloud resources based on application demands.

Eagle FinOps optimizes both cloud costs and performance, and you’ll see a significant difference in your cloud bill.  To solidify your choice of FinOps, what better way than to explore a real-world example?

One of the Fortune 500 media companies leverages Eagle FinOps 

One of our clients, a leading Fortune 500 media company, struggled with cloud cost management. That’s when Eagle FinOps stepped in, providing crystal-clear visibility into every dollar spent.

Like many large organizations, they faced issues with over-provisioned resources and underutilized services, leading to unnecessary costs. The finance team struggled to keep up with the complex billing structures, and there was a lack of clear visibility into where their cloud budget was being spent.

This is where Eagle FinOps proved essential. The tool provided the company with the ability to track and manage its cloud costs effectively.

Challenges faced by the media company

After moving to the cloud, the media company encountered several issues that made managing its cloud environment difficult:

1. Rising costs: Cloud spending was increasing rapidly, but it was unclear which departments or services were driving the costs. This lack of visibility made it hard to manage and forecast the budget.
2. Resource over-provisioning: The company had over-provisioned resources, meaning they were paying for more capacity than needed. This led to significant waste and unnecessary expenses.
3. Complex billing structures: The finance team found it challenging to understand and keep up with the complex billing structures of various cloud services. This made it difficult to identify opportunities for cost savings.

Why the client chose Eagle FinOps

After encountering challenges with managing its cloud environment, the media company turned to Eagle FinOps for several key reasons:

1. Focus on cloud wastage
   The tool provides over 60 recommendation categories to eliminate cloud wastage and reduce cloud expenses.
2. Application code optimization
   Eagle FinOps enables cost optimization at both infrastructure and application code levels. This is the only available tool to provide BigQuery SQL cost optimization.
3. Preventive control
   Organizations can also implement preventive cost control measures. With built-in guardrails and control frameworks, this tool is crucial for mitigating financial risks.
4. Real-time cost tracking and saving
   Eagle FinOps is the only tool organizations can use to track their cloud costs and savings – after implementing best practices in cost optimization.
5. Expertise in cloud infrastructure
   With Eagle FinOps, organizations now have complete control over cloud services on GCP and other cloud platforms.

Trusted by Fortune 500, Onix is a leader in cloud cost optimization