New Feature: Movers and Shakers

New feature alert! Cloudthread is launching Movers and Shakers reports. This is part of our reporting functionality that allows you to set up spend thresholds on entire dimensions (Service, Account, Region), and get weekly reports or daily digests highlighting only the threshold-passing changes.

Platform now allows setting spend thresholds (both absolute and relative, i.e. %) on the key dimensions, and have a convenient insight into what is "moving and shaking".

Classic anomaly detection is great, but it always has to deal with the signal vs. noise tradeoff, and no one gets it right. Cloudthread gives its spin on the solution of this problem by introducing Movers and Shakers reports – a reporting functionality that stands between simple threshold alerts and full-fledged anomaly detection.

Platform now allows setting spend thresholds (both absolute and relative, i.e. %) on the key dimensions, and have a convenient insight into what is "moving and shaking" – every week as part of weekly Cost Transparency Reports, or on a daily basis (concise report sent to Slack or email only in case the thresholds are broken on a given day). The key convenience part is coming from the fact that the entire dimensions are covered by a single setup, and you get the comprehensive list of key changes happening within the dimension, in a controlled way. We currently support AWS Account, Region and Service dimensions, and more are on the way.

This feature has already been proven as one of our customers' favorites. Here is an example of a use case from an Engineering Manager: "send me a digest of AWS services my team is using that have total spend of more than $10k with week-over-week change of more than 10%, but no less than $500". Getting such a digest based on clear thresholds has already made cost reports much more valuable and saved time for several Engineering Managers currently using Cloudthread.

More details on the feature and the setup process can be found in our documentation. Please contact us to share your feedback or start using Movers and Shakers as well as other cloud cost management capabilities Cloudthread platform provides.