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AWS Cost Explorer VS NewRelic

Compare AWS Cost Explorer VS NewRelic and see what are their differences

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  3. » Alternatives

AWS Cost Explorer logo AWS Cost Explorer

Cloud Cost Management

NewRelic logo NewRelic

New Relic is a Software Analytics company that makes sense of billions of metrics across millions of apps. We help the people who build modern software understand the stories their data is trying to tell them.
  • AWS Cost Explorer Landing page
    Landing page //
    2022-01-31
  • NewRelic Landing page
    Landing page //
    2023-10-05

AWS Cost Explorer features and specs

  • User-Friendly Interface
    AWS Cost Explorer provides a visually appealing and intuitive interface, making it easier for users to navigate and understand their cost and usage data.
  • Detailed Cost Analysis
    It offers extensive filtering and grouping options, allowing users to perform a detailed analysis of costs by service, linked account, or even tags.
  • Custom Reports
    Users can create custom reports to meet their specific needs, such as tracking monthly cost trends or predicting future costs based on historical data.
  • Cost Allocation
    The tool supports cost allocation tags, enabling users to allocate costs to different departments, projects, or other business units, facilitating more accurate budgeting.
  • Forecasting
    AWS Cost Explorer includes predictive features, allowing users to forecast future costs and usage based on historical data, which aids in proactive budget management.
  • Integration
    It integrates well with other AWS tools and services, providing a more cohesive experience for managing and analyzing AWS costs.

Possible disadvantages of AWS Cost Explorer

  • Complexity for Beginners
    The detailed features and options might be overwhelming for beginners who are not familiar with cloud cost management.
  • Cost
    While some features of AWS Cost Explorer are free, advanced capabilities and detailed reports could incur additional costs, which might be a concern for small businesses or startups.
  • Limitations in Customization
    Some users have reported limitations in the customization of certain reports and dashboards, restricting their ability to tailor the tool to their exact needs.
  • Data Latency
    There can be a delay in data processing, meaning the most current usage and cost data might not be immediately available for analysis.
  • Learning Curve
    Despite having a user-friendly interface, there is still a significant learning curve to fully utilize all the features and insights AWS Cost Explorer offers.
  • Limited Non-AWS Integration
    The tool primarily focuses on AWS services and might have limited integration or visibility into costs associated with non-AWS services.

NewRelic features and specs

  • Comprehensive Monitoring
    New Relic provides a wide range of monitoring capabilities including application performance, infrastructure, and real user monitoring, offering a holistic view of your system's health.
  • Real-Time Data
    New Relic offers real-time analytics and insights, enabling quick identification and resolution of issues as they occur.
  • Advanced Alerting
    New Relic's advanced alerting system allows you to set customizable thresholds and get notified through various channels, helping to proactively manage potential issues.
  • User-Friendly Interface
    The platform features an intuitive, user-friendly interface that makes it easy to navigate and visualize data, even for less experienced users.
  • Integration Capabilities
    New Relic integrates seamlessly with many other tools and platforms, making it easy to incorporate into existing workflows.
  • Scalability
    Whether you have a small startup or a large enterprise, New Relic scales easily with your growing needs.
  • Comprehensive Documentation and Support
    New Relic offers extensive documentation and a variety of support options including forums, customer support, and a vibrant community.

Possible disadvantages of NewRelic

  • Cost
    New Relic can be expensive, especially for smaller businesses or startups that may not have a large budget for monitoring tools.
  • Complexity
    While New Relic offers a lot of features, it can also be complex to set up and configure, requiring significant time and expertise.
  • Performance Impact
    In some cases, the agents and monitoring tools can add overhead to the monitored systems, potentially affecting performance.
  • Data Storage Limits
    Lower-tier plans come with limits on data retention and storage, which may not be sufficient for some businesses with high data requirements.
  • Steep Learning Curve
    The breadth of features and capabilities can result in a steep learning curve for new users, making it challenging to fully leverage the platform's potential quickly.

Analysis of AWS Cost Explorer

Overall verdict

  • Overall, AWS Cost Explorer is a good tool for organizations looking to monitor and manage their AWS expenses effectively. Its user-friendly interface and robust analysis capabilities make it a valuable asset in the financial planning and budgeting processes of cloud operations.

Why this product is good

  • AWS Cost Explorer is a useful tool for managing and optimizing cloud expenses. It provides detailed insights into your AWS spending patterns, allowing users to identify cost-saving opportunities. With a variety of visualizations, including graphs and charts, users can understand costs at a high level or drill down into specific services. The tool supports tag-based grouping to view costs in various dimensions, and forecasts future spending based on historical data.

Recommended for

  • Cloud practitioners looking to monitor AWS expenses
  • Finance teams seeking to optimize cloud spending
  • Organizations using multiple AWS services who need detailed cost breakdowns
  • Users who want to forecast and budget their AWS costs
  • Teams interested in identifying patterns and trends in their cloud usage

Analysis of NewRelic

Overall verdict

  • Overall, NewRelic is regarded as a reliable and feature-rich APM solution. Its intuitive user interface, robust monitoring capabilities, and scalability generally receive positive feedback from users. However, it is essential to consider pricing and specific needs, as some users find it expensive compared to other solutions.

Why this product is good

  • NewRelic is considered a good choice for application performance monitoring (APM) because it offers comprehensive monitoring capabilities, real-time insights, and detailed analytics. It supports a wide range of programming languages and platforms, and features like distributed tracing, error analytics, and infrastructure monitoring make it a versatile tool for ensuring application reliability and performance.

Recommended for

  • Development teams needing real-time application performance insights
  • Organizations looking to monitor complex distributed applications
  • Businesses that require comprehensive monitoring across different technology stacks
  • Teams focusing on optimizing application availability and performance

Category Popularity

0-100% (relative to AWS Cost Explorer and NewRelic)

AWS Cost Explorer

NewRelic

Monitoring Tools
10 10%
Monitoring Tools
90% 90
Log Management
15 15%
Log Management
85% 85
Performance Monitoring
0 0%
Performance Monitoring
100% 100
Project Management
100 100%
Project Management
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare AWS Cost Explorer and NewRelic

AWS Cost Explorer Reviews

35+ Of The Best CI/CD Tools: Organized By Category
AWS cost explorer gives you easy-to-understand visual tools to help you analyze and manage your AWS costs. You can sort and group your figures according to usage type and tags. Results can be viewed daily or grouped by month.
Source: www.cloudzero.com

NewRelic Reviews

New Relic vs. Scout: Which Is The Right APM For You?
The top portion of the page is similar between New Relic and Scout: a breakdown of time spent by category (ex: Ruby, Database, External HTTP services, etc) over time. You can view data across similar timeframes in both Scout and New Relic (New Relic offers three months of data in their Pro package and Scout can do the same in their custom plans).
Source: scoutapm.com
Best New Relic Alternatives for Application Performance Monitoring (Cloud & SaaS)
Pingdom Server Monitor, which was formerly Scout Server Monitoring App which was acquired by Pingdom, has superior performance to New Relic, in particular when comparing response times, as seen in comparisons below. Ping Server Monitor comes ahead of New Relic in almost every single Response Time test and benchmark, beating it by almost 20x in terms of overhead.
Source: www.ittsystems.com
10 Best Application Monitoring Tools for all Platforms
The NewRelic is a one of the best application performance management and monitoring software that gives you a deep analysis to the app stack. New Relic offers a real-time status checking of the app’s availability. It also gives email alerts and real-time notification.
Source: www.technig.com
Best DataDog Alternatives, Replacements & Competitors for Application & Log Monitoring
New Relic is an application/infrastructure performance management software designed for DevOps. The basic platform gives you real-time insights on the full stack of your cloud apps and infrastructure. New Relic can keep track of your apps whether is on-premises, on the cloud, or in hybrid environments.
Source: www.pcwdld.com
Top 15 Website Monitoring Tools
New Relic is very well known in the performance and developer community for providing a lot of different features and has been around since 2008. New Relic gives you deep performance analytics for every part of your software environment. You can easily view and analyze massive amounts of data, and gain actionable insights in real time. They do provide uptime alerts and...
Source: www.keycdn.com

Social recommendations and mentions

Based on our record, NewRelic should be more popular than AWS Cost Explorer. It has been mentiond 101 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

AWS Cost Explorer mentions (22)

  • Starters Guide: End-to-End Guide to Building with LLMs on SageMaker
    Cost Management: Set billing alerts and monitor usage with tools like AWS Cost Explorer. - Source: dev.to / 4 months ago
  • Optimizing Costs in the Cloud: Embracing a FinOps Mindset
    When managing your cloud finances, following a budget plan is crucial to ensure you spend your money wisely. Utilize tools such as AWS Cost Explorer or third-party services such as Anodot to gain insights into your spending patterns, focusing on the costs associated with each team or service. - Source: dev.to / about 1 year ago
  • A beginner's guide to AWS Best Practices
    Get comfortable with using Cost Explorer - when costs spike it's important to understand how to drill down into costs. - Source: dev.to / over 1 year ago
  • IPV6 Migration Guide for Developers using AWS EC2 -- A Primer
    Once the EC2 migration is complete, review IPV4 address usage using VPC IP Address Manager And AWS Billing Cost Explorer (group By API to see EC2 networking costs). - Source: dev.to / over 1 year ago
  • API Update: Enterprise Level Tier for Large Scale Applications
    AWS quite literally has a Cost Explorer service , several articles on how to reduce costs, and support tiers that literally include working with Amazon on usage guidance. Source: about 2 years ago
View more

NewRelic mentions (101)

View more

What are some alternatives?

When comparing AWS Cost Explorer and NewRelic, you can also consider the following products

Amazon CloudWatch - Amazon CloudWatch is a monitoring service for AWS cloud resources and the applications you run on AWS.

Datadog - See metrics from all of your apps, tools & services in one place with Datadog's cloud monitoring as a service solution. Try it for free.

AWS Budgets - Cloud Cost Management

Zabbix - Track, record, alert and visualize performance and availability of IT resources

Azure Cost Management - Monitor, allocate, and optimize cloud costs with transparency, accuracy, and efficiency using Azure Cost Management.

Dynatrace - Cloud-based quality testing, performance monitoring and analytics for mobile apps and websites. Get started with Keynote today!

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