Help Center/ Cost Center/ Getting Started/ Enabling Cost Anomaly Detection to Identify Anomalies/ Enabling Cost Anomaly Detection to Identify Anomalies
Updated on 2024-11-11 GMT+08:00
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Enabling Cost Anomaly Detection to Identify Anomalies

Cost Anomaly Detection uses machine learning to analyze your historical pay-per-use and yearly/monthly expenditures, establish a specific expenditure model for you, and identify root causes for cost surprises based on forecasted amounts. With simple steps, Cost Anomaly Detection helps you quickly take action based on detected cost anomalies to keep to your original plan.

Example

Suppose you want to track anomalies in all your pay-per-use and yearly/monthly expenditures. The following detection rules apply:

  • Pay-per-use expenditures: AI algorithms are used to intelligently identify unexpected expenditure spikes based on machine learning.
  • Yearly/monthly expenditures: A cost anomaly is identified if the actual growth rate has increased by a certain percent over the previous billing cycle. Actual growth rate = (Actual cost for the current month – Cost for the previous month)/Cost for the previous month

    For example, you can set the percent to 10%.

You can create monitors to monitor your costs by linked account, cost tag, or cost category as needed.

Step 1: Creating a Monitor

  1. Log in to Cost Center.
  2. Choose Cost Insights > Cost Anomaly Detection.
  3. Click Create Monitor.
  4. Select All Services.

  5. Configure detection rules.

Step 2: Viewing Anomaly History

  1. Log in to Cost Center.
  2. Choose Cost Anomaly Detection > Cost Monitors.
  3. View the cost anomalies reported. In the example shown in the following figure, one MTD anomaly has been reported.

    To view all reported anomalies, click View Anomaly History in the Operation column of the monitor.

  4. View the anomaly details. In this example, a cost anomaly in a yearly/monthly subscription was detected on June 20, 2024. The impact of this anomaly was $3.50 USD, mainly involving Object Storage Service (OBS).

    To view details about cost anomalies and the analyses of potential root causes, click the hyperlink of a specific detection date.

  5. View the top 3 services that may cause the anomaly.

Step 3: Analyzing Causes of Cost Anomalies

  1. Access the Anomaly Details page, click View Cost Analysis in the Operation column of a possible cause.

  2. Navigate to the Cost Analysis page. Selected filters are automatically displayed.

    In this example, a new purchase order line was generated for Elastic Volume Service (EVS) on June 3, 2024, costing $3.50 USD. You need to check whether the new purchase was identified as an anomaly.

  3. Group costs by Enterprise Project to view those enterprise projects involving cost anomalies.

    In this example, the new purchase (costing $3.50 USD) for Elastic Volume Service (EVS) on June 3, 2024 was not allocated to any specific enterprise project.