Octo’s October Top Feature Picks

“The pursuit of greater benefits comes with greater challenges.”

Companies are increasingly choosing to adopt or migrate to the cloud due to its compelling advantages in scalability, cost-efficiency, flexibility, and innovation. The cloud offers organizations the agility, cost-effectiveness, and growth readiness that are crucial in today’s fast-paced business environment, making it an attractive option for companies looking to remain competitive.

However, with the rising trend of cloud migration, effective cloud cost management and the adoption of FinOps have presented significant challenges. Managing cloud expenses can be difficult, especially for companies unfamiliar with cloud ecosystems or without tools specifically suited to their operational needs. This challenge is heightened by the fact that FinOps, a relatively new practice, is still not widely adopted or fully understood.

As a result, companies often experience sudden spikes in expenses with minimal cost savings, leading to frustration. Ultimately, this can result in low return on investment, falling short of the financial and operational expectations that initially drove cloud migration.

At the heart of Octo’s development are these core challenges. Our mission is for Octo to become the ultimate solution that empowers companies to excel in cloud management. In this month's feature edition, we’re thrilled to introduce our Top Features that are crafted to address these challenges effectively:

• Inaccuracies and lack of granularity in cost calculations
• Difficulty in managing cloud costs across multiple geographies with different currencies
• Challenges in identifying and managing untagged resources
• Complex onboarding processes
• High costs and inefficient cost utilization
• Functionality and performance issues

Top Features for this Month

Here are Octo’s top features we’re highlighting this month:

🏅Unit Cost Version 2

First on our list is the Unit Cost version 2. As part of the Cost Group, this enhanced version offers a clear and detailed breakdown of expenses associated with each resource or service, referred to as units. The new Unit Cost version is designed to simplify budgeting and financial planning, enabling organizations to see precisely where their money is going. With this update, users can effortlessly compare various metrics across unit items, providing a crystal-clear view of their spending.

Here’s the full scoop: This enhancement covers three key areas. You can read the full details of these improvements here.

🥈Multi-Currency Display

Up next is the Multi-Currency Display feature in Octo, designed to enhance your reports! With this feature, you can effortlessly view costs in various currencies. A simple click allows you to switch currencies in your Fixed Reports, instantly updating all cost-related widgets. Seamlessly transition from dollars to yen and other currencies in no time, with more currencies to be added in the future.

This feature is a game-changer for companies operating in multiple countries, making it incredibly easy for stakeholders to view insights in their preferred currency. Additionally, it enhances your financial reporting capabilities, enabling you to identify cost patterns and trends with professional precision.

‍Here’s the catch: Once you set the date in your currency settings, it will automatically update across your organization. Please note that only an admin account has permission to make this change. For more information, check out the full details of the improvements we’ve made here.

🥉Group by: Tagged

Get ready for the third feature on our list—introducing the new “Group By Tagged” filter! With just a few clicks, you can now get a clear breakdown of costs between tagged and untagged resources. This feature sharpens your view of cloud spending, making it easy to spot untagged resources and add the right tags to keep costs in check. Say hello to smarter cloud management!

But that’s not all! 

This filter works effortlessly across the big three cloud providers—AWS, GCP, and Azure—so no matter your choice, you can easily pinpoint and manage your resources like a pro.

Onboarding Version 2

We've revamped Octo's onboarding flow to make it easier and more enjoyable than ever. With user feedback at the heart of this update, we're focused on keeping things simple, friendly, and seamless, ensuring new users can set up and dive into Octo effortlessly.

By addressing those pesky pain points and eliminating confusion, we're ensuring a seamless experience right from the start! 

Dive into our onboarding enhancements by clicking here. here.

Faster Loading Time in the Unit Cost Visualization!

Users can now enjoy a 75% to 80% reduction in loading time for viewing charts in Unit Cost. Previously taking around 48 seconds, the implementation of caching has cut this down to just 10 seconds.

Recommendations: Change EC2 Instance Type from Intel to AMD

We’ve given your Amazon EC2 instances a boost by upgrading them to a newer, faster, and more efficient type to keep Octo running smoothly and meet your performance needs! Using our own special criteria (no outside help needed!), our team crafted custom recommendations for migration and architectural changes.

Here’s the best part: our system now identifies instances that would benefit from newer generations or different instance families. 

This upgrade not only boosts performance but also maximizes resource efficiency and lowers costs, potentially saving you 10% to 25% on your total instance expenses!

Bug Fixes and Improvement Highlights

And lastly, we’ve tidied up some pesky buys and polished things up to give you an even smoother, more user friendly Octo experience.

Here are the highlights of what’s been improved:

• Optimization Recommendations: Tweaked the design and removed that bottom margin for a cleaner look.
• Cost Group - Discount Plan: Spruced up the discount plan charts to make them even better.
• Core: Updated translations for a more seamless feel.
• Unit Cost: Fixed the unit cost validation logic for accuracy.

Master Cloud Management with Octo’s Latest Features—Optimize, Save, and Stay in Control!

‍

Discover how Octo can revolutionize your cloud management with our latest features designed to simplify, optimize, and enhance your experience! Dive into smarter cost management, refined optimization tools, and seamless updates—all crafted to help you stay in control and get the most out of your cloud resources. Take the next step in mastering cloud management with Octo today!

Don’t miss out on these similar exciting updates! Visit our website to learn more: www.alphaus.cloud/en 

For comments and suggestions, contact us at: support@alphaus.cloud 

To stay updated, subscribe to our Octo Updates for the latest features, new articles, exclusive news, and events from Octo.

‍

‍