The omnipresent coverage of cloud computing technology has fostered a renewed vitality for organizations across myriad industries, providing critical development to infrastructure as complex challenges spur continued innovation. However, as cloud computing has become the backbone for countless enterprises, it has simultaneously inspired an overreliance, accompanied by the looming issue of runaway cloud spending.
A burgeoning problem for many companies grappling with their budgets, a cacophony of unpredicted cloud costs has continued to spiral out of control, exacerbated by an influx of new solutions that cultivate a fear of missing out beside competitors. As reported by Gartner (News - Alert) in their most recent forecast, worldwide end-user spending on public cloud services is forecast to grow 20.4% to a total of $678.8 billion in 2024, up from $563.6 billion in 2023. Exponential increases in this sector show no sign of deviating, and the subsequent need for diligent cloud spend management has never been more integral.
Stepping forward to address this critical issue is Kalibr8 through the introduction of their advanced cloud optimization software, Singularity for Azure. Confronting the particular requirements of MSPs who continue to onboard myriad tools on behalf of their clients, Kalibr8 enables MSPs to offer an optimized and diverse set of cloud resources without aggravating runaway cloud spend.
"We are delighted to make this easy-to-use and highly valuable service available to MSPs around the world,” said Ben McGahon, Kalibr8's founder and CEO. “Our automated cloud optimization capabilities empower MSPs to effortlessly manage their customers' cloud resources and to ensure their customers are getting the most out of their Azure services. With far greater depth of analytics and more automation delivered through policy in real-time, our Singularity platform brings even greater value to MSPs and their customers in 2024 and beyond."
Kalibr8's Singularity for Azure represents a paradigm shift in the handling of cloud finances. By automatically enabling businesses to track and adapt their spending on Azure services, the platform brings complete visibility and control over expenses. This leads to smart, informed decisions that ensure that investments in Azure yield the highest possible returns for the user. Utilizing Kalibr8's featured multi-tenant capability, these decisions can then be expedited to multiple accounts through a singular, consolidated view.
"By leveraging our unique multi-tenant capability, MSPs can oversee, analyze, and manage cloud assets across multiple accounts and providers in a single pane of glass," McGahon said. "This comprehensive approach to cloud optimization ensures that businesses can make strategic decisions regarding their cloud resources, ultimately leading to cost savings and improved operational efficiency.
By automating cloud resource scheduling, scaling, and recommendation generation, Singularity places Kalibr8 at the forefront of cost optimization technologies. As the cloud becomes the new normal, platforms like Singularity for Azure are not just beneficial but essential for those seeking to navigate the complexities of cloud spending effectively.
As of now, the solution is available in a freemium and premium model, with the latter offering an additional expansive suite of features, including advanced analytics, automation tools, dedicated support, and the ability to handle all Azure costs beyond just virtual machines.
For further information on Kalibr8's "Singularity" and accompanying optimization platform, the latest press release is viewable here.
Edited by Greg Tavarez