Anodot Unveils CostGPT to Help Businesses Better Manage Cloud Costs,722&ssl=1#

  • Analytics and monitoring solutions company Anodot has launched CostGPT to help businesses monitor cloud costs.
  • Anodot’s CostGPT leverages AI to enable business managers to learn about and manage their cloud costs data conversationally via chat.
  • Headquartered in Virginia, Anodot made its Finovate debut last year at FinovateEurope in London.

Advanced analytics and monitoring solutions provider Anodot has unveiled its latest solution, CostGPT. The new AI-powered offering enables cloud users to access accurate and personalized analysis of their cloud costs. With CostGPT, users will be able to better address everything from complex pricing models to cloud resource allocation with a simple query.

In addition to being able to ask the platform questions about cloud costs via chat, CostGPT provides optimization recommendations to help users better understand their cloud spending. The technology helps businesses avoid unnecessary costs, optimize resource utilization, and leverages real-time, intuitive data visualizations to make analysis, planning, and decision-making easier.

“This feature enables users to interact with their cloud cost data conversationally, making it more accessible and effortless than ever before,” Anodot Head of Product Limor Tepper said. “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.”

Founded in 2014 and headquartered in Ashburn, Virginia, Anodot made its Finovate debut at FinovateEurope 2022. At the event, the company demoed its Payments Monitoring Tool. The technology leverages AI to monitor and correlate payments activity and business performance. This enables Anodot to spot potential issues and provide users with actionable alerts and forecasts in real-time. Businesses use Anodot to monitor a wide range of operations from front end applications to APIs to payments. Anodot says it has helped companies cut the time-to-detection of revenue-critical issues by up to 80%.

Anodot has raised $64.5 million in funding from investors including Alicorn Venture Capital and Redline Capital. Also last month, Anodot announced a “long-term strategic partnership” with DevOps and FinOps services Automat-IT. The partnership is designed to help consumers maximize their deployments on Amazon Web Services (AWS). Over the summer, Anodot released its annual State of Cloud Cost survey. The report highlighted trends such as the rise of third-party solutions and the challenge of cloud cost transparency.

Photo by Timur Saglambilek

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