The new feature is a new set of metrics that can be monitored through CloudWatch, that bring user’s billing information. These new metrics provide an estimate of AWS charges up to the current time: total charges, per-service charges, per-account charges, per-account-and-service charges. All these metrics are to-date estimates of cost, no prediction metric is provided. It’s important to note that what CloudWatch now provides is raw data, with low granularity. The new metrics coming from this announcement actually enrich the gathered data used for Newvem’s analysis of how effective AWS user spending is with meeting expectations. Newvem’s Spending analytics validate that the charges reported indeed corresponds to the consumed resources, so having this information handy and part of CloudWatch is a great improvement. For more see our blog post:
http://www.newvem.com/blog/main/2012/05/newven-applauds-aws-cloud-for-its-new-estimated-charge-monitoring.html