The My Commitments feature in OpsNow FinOps Plus automatically detects cloud commitments that are not being fully utilized and flags them as Underutilization Risk. This feature is especially effective in identifying commitments that may incur penalties due to underuse, enabling teams to take early action and avoid unnecessary costs.
🔍 Detailed Features
- Real-Time Monitoring of Commitment Utilization Rate
- Tracks usage amounts, unused amounts, and remaining contract periods per commitment.
- Flags any commitment that is not being consumed at the expected pace as Underutilization Risk.
- Automatic Detection of High-Risk Items
- When usage is low relative to the committed amount or when usage trends indicate it won’t be fully used by the end of the term, the system automatically warns you.
- Example: A 3-year Reserved Instance is purchased, but less than 20% has been utilized.
- AI-Powered Predictive Analytics
- OpsNow Insight AI analyzes historical usage patterns and resource trend changes to proactively detect commitments that are at increased risk of underuse in the future.
- Early Warning and Action Guidance
- When an Underutilization Risk is detected, OpsNow provides in-depth insights along with strategic recommendations such as redesigning usage plans or switching to AutoSavings.
✅ Expected Benefits
- Avoid penalties due to non-compliance with committed usage
- Minimize waste and optimize commitment planning
- Improve collaboration between cloud operations and finance teams (e.g., accelerate decisions on resizing or reassigning resources)
