Tag: forecasting

Cloud Cost Estimation & Forecasting Engine

26. September 2019 / / 0 Comments

The occasion of the 3.3.2 release of the rating-charging-billing solution for cloud software and platform providers, Cyclops, is a good opportunity for a deep dive into the new forecasting engine, the how and the why of its functionality and how to use it.

First, a bit of news. Active maintenance and further updates to Cyclops will now be found under the repository https://github.com/serviceprototypinglab/cyclops. The primary new addition is the forecasting engine. It helps SaaS/PaaS/CaaS/…XaaS providers to not only charge customers for their services, but also predict a revenue flow for deciding about future investments.

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Cyclops 3.2.0 released!

8. August 2019 / / 0 Comments

The latest update to the open source Cyclops Framework, part of our ongoing work to advance metering and monetization across cloud platforms, brings yet more new features and improvements:

  • Small fixes to the versioning/rollback features
  • New estimation and forecasting engine

The new forecasting engine is now built into Cyclops’ UDR service and can generate individual or global usage forecasts and cost/revenue estimates based on the existing usage data and be used to evaluate new pricing models.

A full-featured CLI client for the forecasting engine was also created to make using the new functionality more intuitive.

Here is a peek at the forecasting in action:

Generation of an activity pattern-based charge forecast with the forecasting CLI
Generation of an activity pattern-based charge forecast with the forecasting CLI