NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Anodot, a cloud cost management and monitoring platform, is excited to announce its partnership with ACA Group, a top European MSP. This collaboration aims to provide exceptional value to ACA Group's clients by offering them complete visibility into their cloud expenses. Switching from CloudHealth to Anodot, ACA Group now enjoys personalized support and expertise in navigating FinOps. Peter Jans, Manager Cloud at ACA Group, commented: "Transitioning from our existing cost monitoring platform to Anodot has been a great experience for our organization. The real-time data-driven insights Anodot offers have greatly influenced our operations, insights, and proactive services, opening the path for great customer experience and a long-term partnership." ACA Group and its clients can now leverage Anodot's cutting-edge features. Including: A user-friendly interface Convenient tailor-made platform access for ACA customers to monitor their cloud expenditures The ability to resolve billing and invoicing challenges effortlessly Multi-cloud integration and Datadog Cost integration This partnership brings several key highlights. Firstly, Anodot seamlessly synced ACA Group's 3-year backlog onto their platform without causing interruptions to their operations. Secondly, the ACA Group gains multi-cloud dashboards and advanced anomaly detection capabilities to increase efficiency across all AWS environments. Melissa Abecasis, Director of Customer of Anodot, said: "We are thrilled about our new partnership with ACA Group. Together, we have the potential to transform how MSPs communicate cloud cost insights to their customers. We are excited about building a prosperous FinOps relationship for years to come." By leveraging Anodot's advanced cloud cost management services and ACA Group's dedication to providing top-notch cloud cost insight, both companies are set to revolutionize MSP services in Europe and beyond.

Automat-IT and Anodot join forces to offer comprehensive services on AWS NEW YORK, Sept. 21, 2023 /PRNewswire/ -- Automat-IT, a leading provider of DevOps and FinOps services, and Anodot, the augmented FinOps company, have announced a long-term strategic partnership. The partnership is focused on helping customers maximize the value of their AWS deployments. This agreement combines the expertise of both companies to deliver comprehensive services atop AWS. Nowadays, making sure that cloud spend is optimal is crucial to many companies. As the depth and wealth of cloud services increase, this task becomes more challenging. This was the impetus for the collaboration between the two companies to address the issue head-on. The partnership between Automat-IT and Anodot has been designed to enable customers to plan and execute DevOps and FinOps best practices quickly. This includes: Anomaly detection allows timely detection and correction of anomalies Management of Kubernetes clusters Technical cost savings of EBS volumes, underutilized instances, EC2 modernization, and more Cost savings for FinOps-related activities using commitments Help customers improve their visibility into their environments' costs, including Kubernetes, storage, EC2, network, and more Automat-IT serves over 300 startup customers across various verticals, including Fintech, Health, Gaming, and technology. Automat-IT is an all-in AWS Premier Partner with deep hands-on experience. Services focus on AWS cloud - from carrying out the first cloud implementation/migration to providing 24/7 customer operations support. Boasting over 200 AWS certifications among its staff and a newly announced strategic partnership with AWS, Automat-IT is exceptionally positioned to provide top-notch cloud services, emphasizing innovation. As a part of the strategic agreement, Automat-IT develops new solutions that enable startups to launch AI capabilities on the cloud quickly. The collaboration between Automat-IT and Anodot empowers startups to have high cloud efficiency by providing unprecedented visibility into their cloud environments while helping them save money on operational costs. This unique combination will help ensure that every customer gets the most out of their investments in cloud technology while also allowing the customers to focus on their core business. David Drai, CEO of Anodot, said: "I'm thrilled to share that Anodot has joined forces with Automat-IT to address the unique needs of Managed Service Providers. The challenges and intricacies that MSPs encounter are unmatched, and we're fully committed to tackling their demands directly. With this collaboration, we're enabling MSPs to expertly navigate the complex cloud environment, resulting in significant customer efficiency gains."

Anodot releases an AI-powered conversational tool that helps clients have a greater understanding of their cloud costs NEW YORK, Sept. 11, 2023 /PRNewswire/ -- Anodot, a leading provider of advanced analytics and monitoring solutions, launches CostGPT. This AI-powered tool offers cloud users precise and personalized analysis of their cloud costs. When managing cloud costs, automation is key to saving time and resources. CostGPT empowers cloud users to address common cost challenges, including complex pricing models, hidden costs, and inadequate cost monitoring and reporting, with a simple search. Key benefits of CostGPT include: Simplicity: Anodot users can ask questions about their cloud costs in chat, receiving accurate and relevant insights. Actionable Insights: CostGPT offers optimization recommendations and suggests additional questions and commands to help users gain a comprehensive understanding of their cloud spending. Proactive Decision-Making: By leveraging search data, CostGPT enables organizations to make informed decisions on cloud resource allocation, preventing unnecessary costs and optimizing resource utilization. Real-Time Data Visualizations: CostGPT offers intuitive visualizations for exploring and analyzing cloud costs, allowing users to plan ahead and make informed expenditure decisions. "At Anodot, we are passionate about pushing the boundaries of AI technology. CostGPT is a reflection of our dedication to innovation. We've created something truly special. This feature enables users to interact with their cloud cost data conversationally, making it more accessible and effortless than ever before. It's all about ensuring that our users have the answers they need at their fingertips. And it doesn't stop at text responses. It supplies the answers with graphical results that are easy to understand at a glance," says Limor Tepper, Head of Product at Anodot. CostGPT provides precise insights into cloud costs, helping users identify spending patterns within specific time frames.  Learn more about Anodot's new tool today.

Anodot respondents reported slashing cloud waste by 46% compared to last year, with 84% detecting anomalies within hours. NEW YORK, July 19, 2023 /PRNewswire/ -- Anodot has released its annual Cloud Cost Report to reveal critical industry trends, insights, and challenges. Anodot's report is backed by extensive market research and data from over 1,000 Anodot customers. So, FinOps teams can gather key insights to boost cloud cost optimization. Anodot's report provides valuable insights into the current challenges, trends, and successes that impact the industry. By gaining a deeper understanding of these factors, FinOps organizations can make informed decisions to optimize their cloud costs. Among the notable standouts: The rise of third-party solutions: As companies strive for seamless cloud operations, third-party solutions have been a big part of optimizing their cloud environments. The increasing challenge of true visibility into cloud costs: Gaining accurate insights into cloud costs has become a pressing challenge for FinOps organizations. Cloud spending and savings made easy with Anodot: Anodot customers enjoy frequent cloud spending and savings. With these insights, Anodot aims to help companies make smarter cloud cost decisions. The full report of the 2023 State of Cloud Cost survey is available for download on Anodot's website. David Drai, CEO of Anodot commented: "In today's dynamic business landscape, the number of organizations adopting third-party tools to save their cloud costs is increasing at an impressive pace. At Anodot, we are proud to be at the forefront of this transformative trend. Our latest report on cost-saving strategies highlights this significant shift and emphasizes the growing recognition among end users of the necessity for proactive AI techniques. By harnessing the power of advanced analytics and automation, businesses can unlock substantial savings and drive sustainable growth."

Anodot also introduces new features including Kubernetes Savings Recommendations and Intelligent Forecasting   ASHBURN, Va., Nov. 22, 2022 /PRNewswire/ -- Anodot, the augmented FinOps company, today announced the integration of its patented machine learning anomaly detection technology into the company's cloud cost management solution. Anodot's autonomous FinOps solution gives organizations greater visibility, control and insight into cloud costs. The company's AI and ML-powered solution allows for automated savings recommendations and accurate forecasts that enable customers to minimize cloud waste and reduce overall cloud spend. Anodot also announced a suite of new enhancements to its cloud cost management solution. The releases will give customers more robust cloud cost monitoring, including more accurate forecasting and budgeting. New features that will launch in the coming weeks include: Kubernetes Savings Recommendations: Actionable and personalized Kubernetes savings recommendations will include node and pod rightsizing, resource utilization monitoring and orphaned resource management. Intelligent Forecasting: New forecasting capabilities based on historical data have a 98.5% accuracy rate. Unit costs: Unit economics feature allows customers to understand cloud unit costs, price margins and ROI of new products and services. "In a recent Anodot survey, 50% of IT executives told us it's difficult to get cloud costs under control. This validates the need for a solution that provides visibility, insights and automated savings recommendations to reduce cloud spend and fuel savings," said David Drai, CEO and Co-Founder of Anodot. "Our patented AI-ML technology is a differentiator in the cloud cost management market and a game changer for companies looking to overcome the financial challenges of a growing and complex cloud ecosystem." Anodot's announcement coincides with the company's attendance at AWS re:Invent in Las Vegas. Anodot will be exhibiting at booth #2540 and presenting a Lightning Talk at the conference titled, FinOps: The powerful ability of insight to accelerate AWS, on November 30th at 10 a.m.

New Anodot survey reveals 44% of executives said their company wastes at least one-third of cloud spend each year.   Ashburn, VA – August 17, 2022 – PRNewswire — According to a new report  published today by Anodot, the business monitoring company, nearly half of businesses (49%) find it difficult to get cloud costs under control, and 54% believe their primary source of cloud waste is a lack of visibility into cloud usage. The findings highlight an ongoing visibility crisis in which organizations are struggling to gain appropriate insights into the breakdown of cloud costs and efficiency of cloud use and therefore cannot effectively reduce wasted spend – even as cloud migration continues to rise and cutting costs is a priority. The report is based on a survey of 131 US-based IT directors and executives. Anodot’s 2021 State of Cloud Cost Report revealed that the pandemic greatly accelerated many companies’ shift to the cloud, and the latest survey confirms that the transition is continuing as businesses continue to appreciate the agility and scalability the cloud provides: 91% of respondents reported they currently have IT infrastructure in the cloud; 60% said that migrating more workloads to the cloud is their top cloud initiative in the coming year. As enterprises continue to face high monthly cloud bills – with cloud costs ranking second only to payroll in terms of business expenses for many – visualizing costs, optimizing spend and reducing wasted dollars are top priorities, especially in the wake of a slowing economy. A significant portion of these inflated cloud bills could have been avoided: 44% of respondents said that at least one-third (33%) of their cloud spend is wasted each year. Visibility is the main culprit: the majority of executives surveyed (53%) said gaining visibility into cloud usage and costs is their top challenge for controlling spend and reducing waste; one-fifth (19%) said they lack the ability to manage their cloud budget due to insufficient visibility into cloud usage. Cloud costs are also becoming increasingly complex to track and understand, also leading to misspending: 46% of executives reported that overprovisioning is a primary source of cloud waste, while 45% blamed cloud assets’ fragmentation across teams and vendors. “Shifting to the cloud requires a delicate balance between the speed of workload migration and cost control,” said David Drai, Anodot CEO and co-founder. “Today, cloud cost management – which is all the more crucial as businesses strive to mitigate wasted resources and shore up revenues – should be based on four key elements: visibility, insights, recommendations, and automated actions. Enterprises that are leveraging AI and ML to control and optimize their cloud environments are seeing immediate results and reduced waste, unlocking the true value the cloud has always promised.” Additional findings: Surprise, Surprise: Over a third of participants (37%) have been surprised by their cloud costs or had an incident related to cloud costs. Growing Complexity: When asked to choose the top challenges in controlling cloud costs, 53% said the key challenge is gaining true visibility into cloud usage and costs; 50% said complex cloud pricing; 49% said complex, multi-cloud environments.* Unnoticed Spikes: 28% of respondents said it takes weeks or months to notice a spike in cloud costs – no improvement in the average time to detect incidents since 2021.  

Proprietary tech enables time series anomaly detection algorithm to run nearly 100% faster and at 80% of the computational cost compared to leading industry model   Ashburn, VA - July 20, 2022 - PRNewswire - Anodot, the business monitoring company, today announced that the United States Patent and Trademark Office has granted the company a patent for a new algorithm that vastly improves the speed and reduces the computational cost of its anomaly detection offering. The algorithm boosts the industry-leading (seasonal) ARIMA model for estimating anomalies in time series data, reducing runtime by 99.98% and slashing the expense of running the model by up to 80%, enabling Anodot to better protect its customers' bottom lines. Anodot utilizes a number of data analysis models to effectively monitor the vast amounts of data businesses generate today in order to safeguard customers' revenue, manage costs, and improve CX. While the ARIMA model is the most preferable due to its high accuracy, it is extremely slow, taking as long as 15 minutes for a single time series, rendering it too expensive to run at large scale. Enterprises implementing the model would be spending at least $125K per week– up to $6M per year. With Anodot's innovation, the model's run time is cut to 80 milliseconds – a reduction of nearly 5 orders of magnitude in both time and computational cost, making it realizable for anomaly detection at scale. The ability to accurately detect anomalies swiftly and economically is critical at a time when companies are feeling the pains of a strained economy and are looking to cut costs and reduce waste – whether across enterprise operations or in the cloud. "If data scientists tried to run standard anomaly detection on a 10 million time series, they'd be waiting 285 compute years for results," said Dr. Ira Cohen, Anodot co-founder and Chief Data Scientist. "All businesses today are powered by data, and it's our job to uncover any anomalies that point to holes that need plugging or issues that need fixing. We knew we had to find a better way to provide anomaly results to the data analysis teams we serve to help them get costs under control and protect their bottom line. This innovation will help them do just that, making the industry's best model feasible for anomaly detection across the enterprise." The new detection tool fits organically into Anodot's suite of BI tools, including the company's AI and ML-powered business intelligence monitoring platform, which helps organizations identify revenue-critical incidents. "This new patent is a milestone for Anodot customers and their frequently overburdened data teams," said David Drai, Anodot CEO and co-founder. "As businesses of every size generate more and more data, it becomes increasingly difficult to clearly see and understand the impact of every small part making the machine run. We're eager to see this lightning-fast solution in action."

ASHBURN, Va. July 7, 2022/PRNewswire/ -- Anodot, the business monitoring company, today announced that it has been named as a Challenger and Fast Mover in the 2022 GigaOm Radar for Evaluating Financial Operations (FinOps) Tools report. Anodot for Cloud Cost was ranked as exceptional in the key criteria categories of flexibility, scalability, AI to predict future spending, normalized billing across multiple cloud vendors, identification of cost optimization opportunities, and container and serverless computing. As companies increasingly digitize and shift to remote work, hybrid and multi-cloud infrastructures are increasingly becoming the norm. But runaway costs due to cloud blind spots, unmonitored growth, and unintended or unanticipated spending have emerged as a major challenge for enterprises across industries, especially as companies contend with today's economic uncertainty. The GigaOm Radar Report outlines issues, trends, and purchase considerations for prospective customers. It identifies key criteria and evaluation metrics for selecting a FinOps platform. The report also provides a forward-looking analysis that carefully plots the relative value and progression of the various FinOps solutions available on the market. "Anodot's inclusion in this analysis is a testament to the value we bring to the market and to the innovativeness of our technology," said David Drai, CEO and Co-Founder of Anodot. "The report highlights the need to make financial accountability a key part of organizations' response to uncontrolled cloud spending. At Anodot, we pride ourselves on providing augmented analytics that enable companies to do just that: Cut unnecessary cloud costs and eliminate waste. We are thrilled to be recognized for our bold strategy and proven track record for cloud intelligence." Anodot for Cloud Cost optimizes cloud usage while reducing cloud costs by monitoring cloud environments end to end – including an accurate breakdown of SaaS and Kubernetes costs. Additionally, its dynamic nature identifies continually updated services offered by cloud providers and new generations of servers and creates recommendations accordingly. The GigaOm Radar Report highlights how Anodot leads other vendors in the market in terms of the flexibility to manage new types of workloads and IT projects, as well as the scalability to meet global enterprise needs. Anodot for Cloud Cost customers include Amdocs, NICE, WhiteSource, Fiverr, and many others. "Anodot gives us visibility and control on cloud billing at a granularity we have never seen before," said Rubi Cohen, Cloud Manager at Amdocs. "The recommendations they generate save us a huge amount in our cloud bill." Anodot also stood out for its use of AI to predict costs based on historical trends and optimize costs beyond computing instance sizing. Moreover, it is a market leader in normalizing billing across cloud vendors, excelling at identifying cost reduction opportunities. "Anodot has demonstrated its impressive ability to visualize and optimize cloud costs. The granularity and speed-to-awareness of Anodot's solutions exceeds the market norm and, with regards to serverless and container spend, Anodot is one of a few vendors providing accuracy in forecasting for cloud workloads," said Michael Delzer, Cloud and Infrastructure Analyst at GigaOm. "We look forward to seeing Anodot continue to expand its capabilities and maintain momentum in the cloud industry." The full report can be viewed here. About Anodot Anodot is the business monitoring company that eliminates business blind spots by proactively monitoring business metrics, enabling companies to protect revenue and manage cost. Leveraging AI and ML, Anodot's augmented analytics proactively alert companies to revenue-critical business incidents and automates their remediation in real time. Anodot's Cloud Cost Management solution helps FinOps teams reduce cloud waste and manage costs in multi-cloud and Kubernetes environments, providing actionable recommendations that can cut up to 40% on annual cloud spend. Anodot is trusted by numerous Fortune 500 companies to help slash time to detection and resolution for revenue-critical issues by as much as 80%.

BONN, Germany, June 15, 2022 /PRNewswire/ -- Leading telecommunications provider Deutsche Telekom Global Carrier has announced the implementation of a superior network monitoring solution. The new service is the result of the wholesale supplier's partnership with BENOCS and autonomous business monitoring company Anodot. Powered by AI, the service not only monitors the data on the network but also recognizes changes in traffic behavior and flow. It has significantly reduced costs and effort by allowing only relevant anomaly alerts to be received. At the same time, unnecessary alert noise has been eliminated. Carsten Bruns, Vice President Internet & Content Services from Deutsche Telekom Global Carrier, said, "Having been a satisfied BENOCS customer for a number of years now, we decided it was time to take the next monitoring step. The integration of Anodot's anomaly detection technology with BENOCS' comprehensive Flow Analytics has already saved us valuable time in identifying irregularities and rectifying network issues." "Telco service providers must process an immense amount of data from multiple sources to ensure optimal service across their complex network environments. By monitoring granular performance and fault data in real-time and providing automated insights, Anodot enables communications services providers to identify and resolve issues quicker. Alert noise will now be a thing of the past for Deutsche Telekom Global Carrier," said David Drai, CEO, Anodot. Stephan Schröder, CEO of BENOCS, added, "We are happy to have our biggest customer, Deutsche Telekom Global Carrier, on board to really put Anodot's anomaly detection to the test. We look forward to discovering just how much they benefit from its integration into their BENOCS analytics capabilities." Anodot's automated insights combine performance and fault monitoring to give communications service providers an end-to-end view for real-time detection of service-impacting incidents. Anodot autonomously learns the normal behavior of all business metrics and constantly monitors each metric in real-time. Its correlation engine connects anomalies across all data stacks, identifies events and contributing factors, and slashes time to detection and remediation of incidents. Deutsche Telekom Global Carrier is the first customer worldwide to install the joint BENOCS-Anodot solution for AI-powered anomaly detection into its IP-network monitoring system. About Deutsche Telekom Global Carrier Deutsche Telekom Global Carrier is the international wholesale division of Deutsche Telekom. We offer a comprehensive portfolio for all the needs of a rapidly transforming telco industry. One that is continually updated to provide fast, innovative solutions for future technologies and challenges. As one of the world's leading carriers, we are able to satisfy the requirements of Deutsche Telekom Group's international affiliates and more than 900 external customers worldwide. With more than 25 years of experience in the international wholesale communication market, Deutsche Telekom Global Carrier offers next-generation platforms, extensive networks, a global backbone, 360 degrees of security, tailor-made solutions, worldwide connectivity, and much more. For more information, please visit: globalcarrier.telekom.com or https://www.linkedin.com/showcase/deutsche-telekom-global-carrier/ About Deutsche Telekom: https://www.telekom.com/companyprofile About Anodot Anodot is the business monitoring company that eliminates business blind spots by proactively monitoring business metrics, enabling companies to protect revenue and manage cost. Leveraging AI and ML, Anodot's augmented analytics proactively alert companies to revenue-critical business incidents and automates their remediation in real time. Anodot's Cloud Cost Management solution helps FinOps teams reduce cloud waste and manage costs in multi-cloud and Kubernetes environments, providing actionable recommendations that can cut up to 40% on annual cloud spend. Anodot is trusted by numerous Fortune 500 companies to help slash time to detection and resolution for revenue-critical issues by as much as 80%. About BENOCS BENOCS GmbH – a spin-off of Deutsche Telekom – is a small company with big plans to revolutionize the way network traffic is managed. Their intelligent and fully automated solutions fit networks of any size and provide ISPs as well as CDNs strategic ways of coping with growing network traffic. With BENOCS Analytics, network operators, transit and wholesale carriers, Hosting and CDNs gain end-to-end visibility of their entire traffic flows. More information at www.benocs.com and on LinkedIn.