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Presidio Launches PRISM FinOps with AI to Optimize Cloud Spending


New product accelerates reporting with faster direct access to data analytics for actionable and automated insights

NEW YORK, November 08, 2023–(BUSINESS WIRE)–In response to increasing demand for improved cloud spending control and management, Presidio, a leading global digital services and solutions provider, has launched PRISM (Proactive Recapture into Savings Management) FinOps with AI. This innovative solution builds on Presidio’s industry-leading track record of saving customers hundreds of millions of dollars in aggregate by fully managing cloud usage, mitigating unexpected cost overruns, and eliminating paying for unneeded capacity.

PRISM offers near real time insights on cloud spending, core tagging, and anomaly detection alerting, granting organizations direct access to actionable data for better decision-making and cost management.

“IT teams want actionable data analytics and the ability to align spending with internal customers. PRISM for FinOps with AI is our latest innovation that provides these powerful insights combined with significant operational and cost savings,” said Chris Cagnazzi, chief innovation officer with Presidio. “We take the risk and provide full managed services to optimize cloud consumption so our customers can focus on their business, not their cloud spending.”

According to the Gartner® report Top Priorities, Technologies, and Challenges for CIOs 2023, “cost optimization and efficiency is the third highest enterprise priority”.1 Presidio manages cost optimization on behalf of customers and uses proprietary data science models to automatically scale cloud commitments. This ensures that clients only pay for what they actually consume, eliminating waste. New features that allow for better monitoring of cloud spending, reduce financial risk and operational burden for cloud and finance teams include:

Presidio RapidCur provides direct access to actionable near real-time cloud spend insights.

Presidio Driven Tagging streamlines spend allocation to specific business units and workloads.

Anomaly Detection Alerts rapidly identifies usage spikes to avoid excess consumption.

Presidio DeepSight AI Cost Forecasting predicts spending based on current consumption patterns.

Budget Tracking and Alerting analyzes current spend against established budgets and promptly signals any deviations.

Risk-Free Cloud Commitments with Presidio’s proprietary data science models enable automatic scaling of cloud commitments, reducing financial risk and operational burdens.

For more information on Presidio or PRISM FinOps with AI, please click here.

About Presidio

Presidio is a global digital services and solutions provider accelerating business transformation through secured technology modernization. Highly skilled teams of engineers and solutions architects with deep expertise across cloud, security, networking, and modern data center infrastructure help customers acquire, deploy, and operate technology that delivers impactful business outcomes. Presidio is a trusted strategic advisor with a flexible full life cycle model of professional, managed, and support and staffing services to help execute, secure, operationalize and maintain technology solutions. For more information, visit www.presidio.com.

1 Gartner, Infographic: Top Priorities, Technologies and Challenges for CIOs in the United States for 2023, 16 December 2022. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved

View source version on businesswire.com: https://www.businesswire.com/news/home/20231108952350/en/

Contacts

Press:
Sean McLean
Presidio@matternow.com

Investor Relations:
Investors@presidio.com



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Leah Sirama
Leah Sirama
Leah Sirama, a lifelong enthusiast of Artificial Intelligence, has been exploring technology and the digital realm since childhood. Known for his creative thinking, he's dedicated to improving AI experiences for all, making him a respected figure in the field. His passion, curiosity, and creativity drive advancements in the AI world.
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