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Cloud Cost Optimization
AWS
Octo
Product updates
September 4, 2024

Product Release Notes August 2024

Charlene Acson
Technical Writer
Translations are provided by machine translation. In the event of any discrepancy, inconsistency or inconsistency between the translation provided and the English version, the English version shall prevail.

What’s New This August?

Another month has flown by, and we’re excited to bring you our latest roundup of feature releases. For all the Octo enthusiasts out there, Octo-kun is here to introduce a new set of features that will have you saying, "Wow! Octo just keeps getting better!" In this update, we’ll showcase a variety of features and recommendations our team has been working on behind the scenes throughout August.

At Alphaus, we are committed to delivering top-notch service that truly enhances your cloud cost management. We continually strive to ensure Octo remains the ultimate cloud cost management tool that perfectly aligns with your needs.

Explore these latest updates and see how these enhancements will improve your experience, making Octo even more remarkable.

Let’s dive into these exciting updates and discover what’s new in Octo this August!

Auto-Generated Insight Reports Now in Beta

First off, say hello to a more advanced and futuristic way of generating your cloud insights with our brand-new Auto-Generated Insight Report here at Octo! Now in beta, creating your reports - whether quarterly or annually - has never been easier. These generated reports will be based on predefined design templates, making them straightforward and easy to understand for everyone.

See the magic using this new Insight Report

Here’s the catch! This new Auto-Generated Insight Report is packed with features that make generating your reports a breeze.

  1. Pick your Perfect Report Time: Choose between quarterly or annually for your report generation interval, whatever suits your needs! And guess what? A monthly option is on the horizon.
  2. Cloud Cost Detective: This section gives you a detailed analysis of the cloud cost usage of each cost group during the period. It serves up a clear visual of how each group is spending and delivers all the juicy details you need on costs!
  3. Optimization Power-Up: See how your optimization efforts stack up with our Optimization Execution Analysis section. Find out which initiatives were MVPs in saving you time and money!
  4. Future-Proof Your Cloud (Coming Soon): Get ready for Next Period Optimization Proposals which will give you tips to make your next period even more efficient.

With these, keeping tabs on cloud usage, managing your cost, and fine-tuning your optimizations has never been fun and more strategic! 

Look Here: Usage Optimization and Unrealized Savings

These nifty additions highlight the usage optimization tips you missed out on, showing you the savings that slipped through your fingers. They pinpoint which accounts could’ve saved the most and which recommendations were the real game-changer. You can see these sections right after you create a new Insight report!

Look here!

Say Hello to the Sleek “Create Cost Group” in its Alpha Stage! 

Introducing the super intuitive “Create Cost Group” feature that is now on its alpha version. Selected users can try it out on their Octo, and we are actively tweaking it and improving it based on your feedback for an upcoming beta release. 

Want to create a cost group?

Just flip the toggle switch at the top right of the screen and you are good to go!

See our much intuitive UI

A More Fabulous Quick Selection Period

The ‘Quick Selection Period’ here at Octo just got even better! Now, we have added a Quarter option, making it easier for our users to specify dates with just a simple click. Quick and hassle-free!

Try this feature that is quick and hassle-free

Unit Cost in Alpha

Hold your horses, because we’re rolling out another exciting new feature here at Octo! This one’s still in its Alpha version, so it’s definitely worth your attention. Introducing Unit Cost—now you can easily assign costs to specific units in your business by manually setting percentages. It’s the feature to start fine-tuning your cost distribution. But don’t forget, it’s still a work in progress, so stay tuned for the awesome improvements coming your way!

Get a sneak peak to our Unit Cost Feature!

Group By…TAGS!

This new filter lets you track cloud spending by grouping your costs based on tags like projects or environments. When you select a tag key (e.g., ‘env’), the related data is grouped accordingly. Untagged values are labeled as ‘untagged’. Currently, it supports AWS and GCP, with Azure support coming soon!

It’s like putting sticky notes!

Recommendations Galore

Nailing your cloud resource management is the secret sauce to keeping costs in check and your performance at its peak! That is why we added these recommendations to supercharge your cloud setup with smart tips, save you money, boost performance, and make managing resources a breeze.

Here are the new recommendations you need to check out:

  • Appropriate sizing of RDS DB instances
  • Appropriate sizing of RDS DB instance storage
  • Upgrading RDS DB instances
  • Upgrading RDS DB instance storage
  • Migrating RDS DB instances to Graviton
  • EC2: Deletion of Stopped Instances
  • EC2 Auto Scaling Group: Migration to Graviton
  • EC2 Auto Scaling Group: Rightsizing
  • EC2 Auto Scaling Group: Upgrade
  • MemoryDB: Purchase of Reserved Instances
  • EC2: Reserved Instance Lease Expiration
  • Comprehend: Deletion of Underutilized Endpoints
  • Redshift: Deletion of Underutilized Clusters
  • Lambda: Excessive Time-Outs

For more detailed information on each recommendation, please refer to documentation.

Summary of Optimization Recommendations: Locked!

We’ve temporarily locked the summary to prevent any confusion or misleading info.

Data Display Time is Now 50% Faster!

We’ve turbocharged the data display speed with 50% boost, thanks to our enhancements in our data caching logic. Your data now loads in a flash!

But we’re not stopping there! Stay tuned for more upgrades to keep your experience smooth and speedy.

Join the Octo Revolution!

Level up your experience with our latest updates at Octo this August! With faster data displays, smart cost-saving recommendations, and exciting new features, Octo is ready to help you improve  your cloud management.  Don’t miss out and join the Octo Revolution today!

Schedule a demo at https://www.alphaus.cloud/en/octo or visit https://www.alphaus.cloud/en to learn more.

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