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LogicMonitor introduces LM cost optimization feature to Envision platform
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May 17, 2024
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May 17, 2024

LogicMonitor introduces LM cost optimization feature to Envision platform

Product updates

  • 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.

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