OpsNow FinOps Plus automatically calculates the estimated cost savings (Saving Potential) for each optimization recommendation.
This provides organizations with a clear, data-driven projection of how much monthly cost could be reduced by following the suggested changes.
✅ How Cost Savings Are Calculated
- Comparison Target
- The currently running instance type
- The recommended instance type by OpsNow (for Downsize or Modernize)
- Pricing Basis
- Based on the on-demand hourly pricing from each cloud provider (AWS, Azure, GCP)
- Reserved Instances (RI) or Spot pricing are not used in savings calculations
- Time Basis
- Monthly usage is calculated as 730 hours (24 hours × 30.42 days)
- Hourly price difference × 730 = estimated monthly savings
💡 Example
| Item |
Current Instance |
Recommended Instance |
| Type |
m5.xlarge |
m5.large |
| Hourly Rate |
$0.192 |
$0.096 |
| Savings Per Hour |
$0.096 |
|
| Estimated Monthly Savings |
$0.096 × 730 = $70.08 |
|
📌 Notes
- Estimated savings are based on on-demand pricing, so actual billing amounts may differ depending on RI/SP plans, discounts, or custom agreements.
- This metric is intended to help identify potential optimization areas, but final decisions on implementation remain with the user.
