Tech Tools

New Relic

Costtrail summarizes the month-to-date usage highlights and optimization opportunities, providing actionable insights for cost savings and resource optimization.

New Relic

Cost Optimization with New Relic

New Relic offers a suite of tools and features designed to help you monitor, manage, and optimize your application performance and infrastructure costs. By leveraging these capabilities, you can ensure efficient resource usage and maintain control over your spending.

Application Performance Monitoring (APM):

Infrastructure Monitoring

Resource Utilization: Monitor CPU, memory, and disk usage across your infrastructure. Identify underutilized resources and right-size your instances to reduce costs.


Auto-Scaling: Use New Relic to inform auto-scaling decisions. Scale your infrastructure dynamically based on actual usage patterns to ensure you only pay for what you need.

Alerting & Incident Management

Cost Alerts: Set up cost-related alerts to notify you of unusual spending patterns. Immediate notifications enable quick responses to potential cost overruns.


Anomaly Detection: Leverage anomaly detection to spot unusual behavior in your infrastructure or applications. Early detection helps in addressing issues before they escalate into costly problems.

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  • Custom Dashboards: Create custom dashboards to monitor key performance indicators (KPIs) and cost metrics. Having a unified view of your data helps in making informed decisions about resource allocation and optimization.
  • Usage Reports: Generate detailed usage reports to track resource consumption over time. Use these reports to identify trends and areas where costs can be optimized.
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  • Log Retention Policies: Define log retention policies to manage the storage and retention of logs efficiently. Retaining only necessary logs reduces storage costs.
  • Log Filtering: Implement log filtering to exclude unnecessary logs from being ingested. This helps in reducing the volume of data processed and stored, leading to cost savings.  
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  • Simulate User Journeys: Use synthetic monitoring to simulate user journeys and identify performance issues before they impact real users. Proactively addressing these issues can prevent costly downtime.
  • Efficient Test Management: Optimize the frequency and scope of synthetic tests to balance cost and coverage. Run critical tests more frequently while reducing the frequency of less critical ones.

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Database Monitoring

Query Optimization: Monitor database queries to identify and optimize slow or inefficient queries. Efficient queries reduce the load on your database and associated costs.

Indexing and Partitioning: Implement proper indexing and partitioning strategies to improve database performance and reduce resource consumption.

Proactive Maintenance

Automated Maintenance Tasks: Schedule automated maintenance tasks such as backups, updates, and cleanup activities. Automation ensures these tasks are performed regularly and efficiently, reducing manual effort and costs.

Regular Audits: Conduct regular audits of your New Relic setup to ensure optimal configuration and usage. Identify and address any inefficiencies to maintain cost-effective operations.