New Functionality Delivers FinOps, AI-driven Cloud Cost Management and Performance Optimization for BigQuery Users
Bangalore — August 11, 2023 – Unravel Data, the first AI-enabled data observability and FinOps platform built to address the speed and scale of modern data platforms, today announced the release of Unravel 4.8.1, enabling Google Cloud BigQuery customers to see and better manage their cloud data costs by understanding specific cost drivers, allocation insights, and performance and cost optimization of SQL queries. This launch comes on the heels of the recent BigQuery pricing model change that replaced flat-rate and flex slot pricing with three new pricing tiers, and will help BigQuery customers to implement FinOps in real-time to select the right new pricing plan based on their usage, and maximize workloads for greater return on cloud data investments.
As today’s enterprises implement artificial intelligence (AI) and machine learning (ML) models, to continually garner more business value from their data, they are experiencing exploding cloud data costs, with a lack of visibility into cost-drivers and a lack of control for managing and optimizing their spend. As cloud costs continue to climb, managing cloud spend remains a top challenge for global business leaders. Data management services are the fastest-growing category of cloud service spending, representing 39% of the total cloud bill. Unravel 4.8.1 enables visibility into BigQuery compute and storage spend and provides cost optimization intelligence using its built-in AI to improve workload cost efficiency.
Unravel’s purpose-built AI for BigQuery delivers insights based on Unravel’s deep observability of the job, user, and code level to supply AI-driven cost optimization recommendations for slots and SQL queries, including slot provisioning, query duration, autoscaling efficiencies, and more. With Unravel, BigQuery users can speed cloud transformation initiatives by having real-time cost visibility, predictive spend forecasting, and performance insights for their workloads. BigQuery customers can also use Unravel to customize dashboards and alerts with easy-to-use widgets that offer insights on spend, performance, and unit economics.
“As AI continues to drive exponential data usage, companies are facing more problems with broken pipelines and inefficient data processing which slows time to business value and adds to the exploding cloud data bills. Today, most organizations do not have the visibility into cloud data spend or ways to optimize data pipelines and workloads to lower spend and mitigate problems,” said Kunal Agarwal, CEO and Co-founder, Unravel Data. “With Unravel’s built-in AI, BigQuery users have data observability and FinOps in one solution to increase data pipeline reliability and cost efficiency so that businesses can bring even more workloads to the cloud for the same spend.”
“Enterprises are increasingly concerned about lack of visibility into and control of their cloud-related costs, especially for cloud-based analytics projects,” says Kevin Petrie, VP of Research at The Eckerson Group. "By implementing FinOps programs, they can predict, measure, monitor, optimize and account for cloud-related costs related to data and analytics projects."
At the core of Unravel Data’s platform is its AI-powered Insights Engine, purpose-built for data platforms, which understands all the intricacies and complexities of each modern data platform and the supporting infrastructure to optimize efficiency and performance. The Insights Engine ingests and interprets the continuous millions of ongoing metadata streams to provide real-time insights into application and system performance, and recommendations to optimize costs and performance for operational and financial efficiencies.
Unravel 4.8.1 includes additional features, such as:
● Recommendations for baseline and max setting for reservations
● Scheduling insights for recurring jobs
● SQL insights and anti-patterns
● Recommendations for custom quotas for projects and users
● Top-K projects, users, and jobs
● Showback by compute and storage types, services, pricing plans, etc.
● Chargeback by projects and users
● Out-of-the-box and custom alerts and dashboards
● Project/Job views of insights and details
● Side-by-side job comparisons
● Data KPIs, metrics, and insights such as size and number of tables and partitions, access by jobs, hot/warm/cold tables
To learn more on how we are helping BigQuery customers optimize their data cost and management, or to partner with Unravel Data, please visit https://www.unraveldata.com/
About Unravel Data
Unravel Data radically transforms the way businesses understand and optimize the performance and cost of their modern data applications – and the complex data pipelines that power those applications. Providing a unified view across the entire data stack, Unravel’s market-leading data observability platform leverages AI, machine learning, and advanced analytics to provide modern data teams with the actionable recommendations they need to turn data into insights. A recent winner of the Best Data Tool & Platform of 2023 as part of the annual SIIA CODiE Awards, some of the world’s most recognized brands like Adobe, Maersk, Mastercard, Equifax, and Deutsche Bank rely on Unravel Data to unlock data-driven insights and deliver new innovations to market. To learn more, visit https://www.unraveldata.com.
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