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The cloud financial landscape is expanding with more vendors for companies to choose from to maintain healthy cloud costs. As the market grows, it’s important to partner with a third-party cloud financial management tool built on FinOps innovation and consistently adapt to meet future customer needs.

A credible source recommending the right cloud cost tool can help you make an informed choice that positively impacts your cloud cost optimization.

As stated by Gartner, “The breadth and depth of cloud financial management tools continue to expand and mature. I&O leaders must navigate a complex marketplace when looking for third-party solutions to optimize financial governance initiatives.”

Anodot is proud to be recognized as a Visionary in the 2024 Gartner Magic Quadrant for Cloud Financial Management Tools

 

Get the full report here. (Report accessible to Gartner subscribers only)

Our aim is to:

  • Providing an intelligent cost optimization platform that detects waste and tracks savings
  • Offering expanded transparency on current and future costs
  • Enabling CFM and optimization across supported environments
  • Performing well across a wide range of CFM use cases
  • Giving pricing is based on a percentage of annual cloud spending

As per Gartner note, “A Gartner Magic Quadrant is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market’s competitors. By applying a graphical treatment and a uniform set of evaluation criteria, a Magic Quadrant helps you quickly ascertain how well technology providers are executing their stated visions and how well they are performing against Gartner’s market view.”*

Gartner clients can read the report to:

  • Analyze vendor’s tooling capabilities, quality, scalability, and integration.
  • Evaluate each platform’s pricing models, value, and competitive awareness.
  • Assess the signature features of each vendor’s product and see how they distinguish themselves.

Gartner, Magic Quadrant for Cloud Financial Management Tools, Dennis Smith, David Wright, et al., 15 October 2024

Gartner Research Methodologies, Gartner Magic Quadrant, 29 October 2024

https://www.gartner.com/en/research/methodologies/magic-quadrants-research

GARTNER is a registered trademark and service mark of Gartner, and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Written by Anodot

Anodot leads in Autonomous Business Monitoring, offering real-time incident detection and innovative cloud cost management solutions with a primary focus on partnerships and MSP collaboration. Our machine learning platform not only identifies business incidents promptly but also optimizes cloud resources, reducing waste. By reducing alert noise by up to 95 percent and slashing time to detection by as much as 80 percent, Anodot has helped customers recover millions in time and revenue.

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