What is Amnic?
Amnic allows you to measure, analyze and optimize your cloud costs, continuously. Amnic’s cloud cost observability platform provides 360-degree instrumentation and observability of cloud workloads, driving leaner and more efficient cloud infrastructure. Amnic connects with every major cloud provider (AWS, GCP and Azure) while delivering a wide range of cost observability features including recommendations, anomaly detection, alerts, Kubernetes visibility, a deep-dive cost analyzer, reporting, and more.
Read on to learn how Amnic differs from vantage to provide a complete cloud cost observability solution that works seamlessly across DevOps, FinOps, and leadership teams:
Features & Benefits Comparison
Complete cloud provider support
Out-of-the-box, Amnic supports integration with and ingestion of cloud cost data from your entire AWS, Azure, GCP, and Kubernetes environments.
Economize connects with all major cloud providers, including AWS, GCP, and Azure.
APIs, Webhooks, and SaaS tool integrations
Amnic offers dedicated integrations with Datadog, Slack, and MS Teams. However, with Amnic’s flexible architecture, you can also integrate with 40+ other SaaS tools via API and webhooks.
Economize provides out-of-the-box integrations with several SaaS tools including Slack, Discord, and MS Teams but does not support observability platforms like Datadog or New Relic.
Kubernetes Support
Full support, connection to, and tracking of all managed Kubernetes service costs: Amazon EKS, Google Cloud GKE, and Azure AKS.
Does not support all major Kubernetes managed service costs. Only supports Google Cloud GKE, not Amazon EKS or Azure AKS.
Recommendations
Connects with AWS, Azure, and GCP, as well as providing recommendations through Amnic’s own recommendations engine.
Economize offers recommendations from cloud providers and maintains their own recommendations engine.
Cost Optimization
Enables teams to run lean cloud workloads by providing AI and ML-based prescriptive insights, without an agent, into storage, data transfer, and compute costs.
Economize allows users to indirectly optimize cloud resources via the insights provided, but optimization workflows are manual and not built seamlessly into the UI.
Anomaly Detection
Amnic learns from your cloud providers to understand typical cost patterns and determine when your cloud costs may be an anomaly from the norm.
Economize offers anomaly detection out of the box to help users understand unusual cloud expense patterns.
Alerts and Notifications
Amnic connects with Slack, MS Teams, and more to send alerts and notify the appropriate people when anomalous cloud spend is identified.
Economize allows for alerts based on cost anomalies and supports notification integrations such as Slack and MS Teams out-of-the-box.
Dashboards and Reports
Reports are saveable and can be shared with other users. Filterable, customizable bar charts, line graphs, and data tables are provided out-of-the-box.
Economize provides detailed cost reporting to breakdown costs and understand cloud spend.
Cost Allocation and Unit Economics
Users can organize costs by tags, filters, and more to allocate costs to specific teams, Kubernetes clusters, applications, or other customizable criteria. Amnic reports and dashboards can help determine unit economics, but not directly in the UI.
The Economize Explorer view looks at the exact cost of each cloud resource down to the unit level but doesn’t allocate spending across teams, product lines, etc. without manual intervention.
Filtration and Customization
Amnic allows for granular filtration by resource, node, container, namespace, and more, alongside customization of reports and dashboards.
Filters can be saved and configured in the Economize UI to slice and dice cost reports and better understand where money is being spent.
Cost Analysis
Cost Analyzer helps users drill down into their costs, providing a nuanced picture of cloud costs at a resource, node, or namespace level, and gives users an understanding of all spend across granular datasets and timeframes.
Economize offers the Explorer as a single view of resource costs, cloud environment efficiency, and tracking of all spending at a granular level.
Budgeting and Forecasting
Amnic’s cost analyzer and reporting allow FinOps teams to build more accurate budgets and forecasts (although these must be separately maintained outside of Amnic).
Economize doesn’t provide any budgeting or forecasting capabilities by default. You can manually back into budgets and forecast numbers via Summary Cards.
Tags and Categorization
Tags can be applied to nearly any data source within Amnic to help you break down datasets and categorize and report on cloud costs based on team, product line, cloud resource, and more.
Economize Explorer connects with GCP Labels and AWS tags to categorize and assign spending by resource. This is pulled from AWS or GCP, however, and doesn’t work with Azure or come directly from Economize.
Amnic CoPilot (Generative AI assistant)
Amnic CoPilot is an AI assistant to help you navigate challenges with scaling, modernizing, and managing efficiency across Kubernetes (K8s)
Today, Economize does not seem to have any kind of Generative AI capabilities.
Why Choose Amnic as an Alternative to Economize
Economize provides a broad view of your cloud spending but can fall short in tracking your entire cloud cost ecosystem, stopping you from achieving true cloud cost observability. Amnic operates across all cloud providers and offers complete capabilities for Docker, Kubernetes, and cloud environments, in general, to help you analyze, optimize, and rightsize infrastructure at all levels.
Economize provides reports to help you retroactively fix problems while Amnic is focused on reducing spend faster with real-time debugging, alerts, and usage insights so you can optimize cloud resources almost immediately. With anomaly detection, recommendations, and a deep-dive cost analyzer view, engineers can determine exactly why cloud costs are surging and how to mitigate high cloud spend in the future. Amnic’s real-time alerting and notifications based on anomalies can reduce the amount of unnecessary cloud expenses and the time to resolve incidents, increasing the performance and efficiency of existing applications and services.
Filtration, categorization, and customizable dashboards can help FinOps, DevOps, and leadership teams collaborate, report on progress, and understand how to drive more operational efficiency in the future. With Amnic’s unified view of cloud costs, your team can create more accurate budgets, forecast future financial performance more efficiently, and organize costs by team, resource, or category to more appropriately measure your unit economics and allocation of spend.
