Author: Blair Hanley Frank / Source: VentureBeat
Densify, a company that helps enterprises make sure that they’re using their compute resources to the fullest extent possible, announced a new service today that uses AI to cut down customers’ cloud bills. The Cloud Learning Optimization Engine (Cloe for short) analyzes workloads using machine learning to determine how much CPU, RAM, and storage they need, then suggests ways to save money.
Cloe has helped customers like Bank of America, Honda, and IBM save an average of 40 percent on their cloud bills, with some customers seeing savings of more than 80 percent. After analyzing the needs of each workload, it suggests compute instances companies can shut down, workloads that can sit on the same instance to save money, and ways to optimize which types of virtual machines customers use in order to reduce their spend.
As more companies move their workloads to the public cloud, the sort of optimization work that Cloe helps…
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