Cost Optimization: June Product Power Hour Recap
Overview In our June Product Power Hour, we took a deep dive into how practitioners can unlock meaningful cost optimization across their cloud environments. With live demos, new feature highlights, and a robust Q&A session, the conversation focused on practical strategies to reduce spend while increasing visibility and control. The session was designed for teams looking to optimize usage and gain clearer insights into their cost drivers. Key Highlights ⭐ Feature deep dive into the new Historical Rightsizing view for understanding previous efficiency opportunities. ⭐ Automated recommendations for turning off idle resources—empowering teams to act quickly and reduce waste. ⭐ Introduced custom labeling for more granular spend tracking by team, service, or environment. ⭐ Shared real-world examples of teams seeing 25–40% monthly savings using the Cost Optimization dashboard. ⭐ Discussed new API endpoints for integrating optimization insights into internal workflows and tooling. Q&A Q: How are idle resources identified? A: The product uses a combination of usage metrics and machine learning to surface underutilized resources based on historical patterns. Q: Can teams set thresholds for automated actions? A: Yes, thresholds can be defined based on CPU, memory, or custom metrics to trigger auto-stop or alerting. Q: What types of resources are supported? A: Optimization is currently focused on compute instances (VMs, containers) and will soon expand to include storage and networking. Q: Is historical rightsizing retroactive? A: Yes, teams can look back up to 90 days to evaluate missed opportunities and adjust policies accordingly. Customer Call-outs ⭐ “We implemented three recommendations within hours and already saw our bill drop.” ⭐ “This makes it easy for engineers to actually care about cost.” What’s Next 📚New Badges and Certifications go LIVE! We’re excited to launch LogicMonitor’s new Badges and Certifications program in LM Academy. Starting June 30, you can earn free, on-demand, digital badges that validate your product knowledge and platform skills. First set of badges: 🛡️Getting Started 🛡️Collectors 🛡️Logs 🪵Logs for Lunch July 9 – Apps and Kubernetes ⚡Product Power Hour July 22 - Monitoring Your AI Workloads with LM Want to check out previous Product Power Hours? Explore the Product Power Hour Hub in LM Community! 👥 User Groups Stay tuned to our LM Community User Group Hub for upcoming virtual sessions. Note: As we finalize our speakers, these dates and times may change, but be sure to register for your respective regions above so we can keep you informed! If you would like to speak at one of the upcoming virtual user groups, email sky.mendes@logicmonitor.com or suzanne.shaw@logicmonitor.com to connect! Review If you missed any part of the session or want to revisit the content, we’ve got you covered: Review the slide deck here Want to see the full session? Watch the recording below ⬇️
