DOCS-8639 Cloud Cost Monitor Update (#24679)

* DOCS-8639 Update the Cost Monitors doc page to include Forecast and Anomalies types. * Updating some copy to be more detailed * Add Tabs for Content * Doc Review Co-authored-by: Jen Gilbert <[email protected]> --------- Co-authored-by: goeln <[email protected]> Co-authored-by: Jen Gilbert <[email protected]>
DataDog · Sep 26, 2024 · 0f69f9d · 0f69f9d
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Showing 1 changed file with 61 additions and 10 deletions.
diff --git a/content/en/monitors/types/cloud_cost.md b/content/en/monitors/types/cloud_cost.md
@@ -1,6 +1,6 @@
 ---
 title: Cloud Cost Monitor
-description: "Monitor costs associated with cloud platforms."
+description: "Monitor cost changes, thresholds, forecasts, and anomalies in your cloud costs."
 further_reading:
 - link: "https://docs.datadoghq.com/cloud_cost_management/?tab=aws#overview"
   tag: "Documentation"
@@ -43,16 +43,40 @@ Optionally, click the **+ Create Monitor** button in the cost report side panel.
 
 ## Select a cost monitor type
 
-Choose between a **Compare Costs Over Time** or a **Set Daily Cost Threshold** monitor type.
+You can select from the following monitor types.
+
+{{< tabs >}}
+{{% tab "Changes" %}}
+
+| Cost Type | Description | Usage Examples |
+| ---  | ----------- | ----------- |
+| Cost Changes  | Compare costs on a daily, weekly or monthly basis | Alert when the difference between today's cost and the week before is over 5%. |
+
+{{% /tab %}}
+{{% tab "Threshold" %}}
+| Cost Type | Description | Usage Examples |
+| ---  | ----------- | ----------- |
+| Cost Threshold | Set alerts on total costs exceeding a threshold in a day | Set alerts when today's total cost exceeds $10,000. |
+
+{{% /tab %}}
+{{% tab "Forecast" %}}
+| Cost Type | Description | Usage Examples |
+| ---  | ----------- | ----------- |
+| Cost Forecast | Set alerts based on forecasted costs exceeding a threshold by the end of the current month. | Alert daily if the forecasted cost for this month is projected to exceed $500. |
+
+{{% /tab %}}
+{{% tab "Anomalies" %}}
 
 | Cost Type | Description | Usage Examples |
 | ---  | ----------- | ----------- |
-| Cost Changes  | Compare costs on a daily, weekly or monthly basis | Alert when the difference between today's cost and the week before is over 5% |
-| Cost Threshold | Set alerts on total costs exceeding a threshold in a day | Set alerts when today's total cost exceeds $10,000 |
+| Cost Anomalies | Detect anomalies by comparing current costs to historical data, using a defined lookback period. Incomplete days are excluded from analysis to ensure accuracy. | Alert if 3 days from the past 30 days show significant cost anomalies compared to historical data. |
+
+{{% /tab %}}
+{{< /tabs >}}
 
 ## Specify which costs to track
 
-Any cost type or metric reporting to Datadog is available for monitors. You can use custom metrics or observability metrics alongside a cost metric to monitor unit economics. For more information, see the [Cloud Cost Management][1] page. Use the editor to define the cost types or exports. 
+Any cost type or metric reporting to Datadog is available for monitors. You can use custom metrics or observability metrics alongside a cost metric to monitor unit economics. 
 
 | Step                              | Required | Default              | Example             |
 |-----------------------------------|----------|----------------------|---------------------|
@@ -61,16 +85,43 @@ Any cost type or metric reporting to Datadog is available for monitors. You can
 | Group by                          | No       | Everything           | `aws_availability_zone` |
 | Add observability metric | No      | `system.cpu.user` | `aws.s3.all_requests` |
 
+Use the editor to define the cost types or exports. 
+
 {{< img src="monitors/monitor_types/cloud_cost/ccm_metrics_source.png" alt="Cloud Cost and Metrics data source options for specifying which costs to track" style="width:100%;" >}}
 
+For more information, see the [Cloud Cost Management documentation][1]. 
+
 ## Set alert conditions
 
-If the cost monitor type is **Cost Threshold**, you can trigger an alert when the cloud cost is `above`, `below`, `above or equal`, or `below or equal to` a threshold.  
+{{< tabs >}}
+{{% tab "Changes" %}}
+
+If you are using the **Cost Changes** monitor type, you can trigger an alert when the cost `increases` or `decreases` more than the defined threshold. The threshold can be set to either a **Percentage Change** or set to **Dollar Amount**. 
+
+If you are using the **Percentage Change**, you can filter out changes that are below a certain dollar threshold. For example, the monitor alerts when there is a cost change above 5% for any change that is above $500.
+
+{{% /tab %}}
+{{% tab "Threshold" %}}
+
+If you are using the **Cost Threshold** monitor type, you can trigger an alert when the cloud cost is `above`, `below`, `above or equal`, or `below or equal to` a threshold.  
+
+{{% /tab %}}
+{{% tab "Forecast" %}}
+
+If you are using the **Cost Forecast** monitor type, you can trigger an alert when the cloud cost is `above`, `below`, `above or equal`, `below or equal to`, `equal to`, or `not equal to` a threshold.  
+
+{{% /tab %}}
+{{% tab "Anomalies" %}}
+
+If you are using the **Cost Anomalies** monitor type, you can trigger an alert if the observed cost deviates from historical data by being `above`, `below`, or `above or below` a threshold for any provider and service. 
+
+The `agile` [anomaly algorithm][101] is used with two bounds and monthly seasonality.
 
-If the cost monitor type is **Cost Changes**, you can trigger an alert when the cost `increases` or `decreases` more than the defined threshold. The threshold can be set to either a **Percentage Change** or set to **Dollar Amount**.
+[101]: /dashboards/functions/algorithms/
+{{% /tab %}}
+{{< /tabs >}}
 
-**Note**: For the **Percentage Change**, you can also filter out changes that are below a certain dollar threshold.
-Example: alert when there is a cost change above 5% for any change that is above $500
+<br>
 
 ## Configure notifications and automations
 
@@ -83,4 +134,4 @@ For detailed instructions on the **Configure notifications and automations** sec
 [1]: /cloud_cost_management/
 [2]: https://app.datadoghq.com/cost/explorer
 [3]: /monitors/notify/
-[4]: https://app.datadoghq.com/monitors/create/cost
+[4]: https://app.datadoghq.com/monitors/create/cost