LogicMonitor, a SaaS-based performance monitoring and observability platform, introduced an add-on feature to its LM Envision platform, LM Cost Optimization, to assist with managing the complexities and cost pressures associated with maintaining cloud infrastructures.

The LM Cost Optimization feature aims to reduce unnecessary expenses and help companies make data-driven decisions by combining multi-cloud spend into a single view and offering AI-based suggestions to identify unused resources, predict capacity changes, and improve resource utilization.

Analyst QuickTake: The emergence of FinOps and the need for comprehensive cloud cost management solutions have become essential for enterprises navigating multi- and hybrid-cloud complexities. Leveraging advanced tools like LogicMonitor's LM Cost Optimization enables organizations to make data-driven decisions, optimize cloud spend, and maintain a competitive edge.