Case Study Full Orbit Cost Manager for Oracle Cloud

Full Orbit Cost Manager for Oracle

This solution enables engineering, procurement, and finance teams to collectively take ownership of cloud costs. The app therefore plays a crucial role in implementing the FinOps framework within organisations. Full Orbit Cost Manager for Oracle groups individual cloud services into functional "environments" and provides insights into cloud costs through clear graphs and reports. AI models forecast costs in advance and allow engineers to schedule services and/or turn them on/off as needed.

The Challenge

Cloud service providers like Oracle specify costs at an individual, technical level, while the business is responsible for functional environments, and engineers often have little to no visibility into costs. The challenge is to present data in a way that enables the business, procurement, and engineering teams to see the same information and make informed decisions.

The Process

Oracle provides an interface (API) to automate the collection of metadata from individual services. By enriching and grouping the metadata, and analysing it with AI models, a comprehensive view of historical, current, and future cloud consumption at the functional level is created.

The Solution

The mobile app provides insights into cloud costs through relevant graphs and reports. The visibility of specific environments and functionalities is determined based on the roles assigned to each user. For example, engineers can configure advanced schedules to automatically turn development and test environments on or off. Proactive notifications help users keep cloud costs within predefined thresholds.

Insight into Consumption

In addition to monitoring the availability of services, other metadata is also collected. This data can be tracked historically and in near real-time (with a delay of 5 minutes) in modern dashboards, where users can perform their own analyses. Furthermore, these dashboards also provide insight into the cost forecast calculated by the machine learning models developed by Full Orbit. Using the OCI Cost Manager API gateway, it is also possible to link specific data to internal systems.

Resource Grouping

Oracle Cloud provides the ability to turn services on and off and partially employs automatic scaling. The OCI Cost Manager adds an extra layer by grouping individual services into logical environments, such as "development" or "production."

Cost Management through Planning

With the OCI Cost Manager App, administrators can set schedules for each logical environment. With just a few clicks, a development environment can be configured to remain active only on working days, leading to immediate cost savings. Developers with access to the app can activate an entire development environment with a simple swipe if they need it outside the predefined schedule.

Proactive Notifications

The OCI Cost Manager is built on advanced computational models that continuously monitor the behaviour of your environment. The generated data is automatically analysed using machine learning.

The behaviour of your environment is translated into a computational model, allowing consumption to be predicted. If this prediction deviates from the historical baseline, you will receive an alert.

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