Workload Pricing
Splunk Industrial IoT offers a unique pricing model known as Workload Pricing, enabling businesses to pay based on the types of workload running with the Splunk Platform. This approach allows organizations to align their costs with the specific data processes and operations they are utilizing, making it an economical choice for bringing more data into Splunk that may be less frequently searched. By offering predictability and cost efficiency, Workload Pricing ensures that companies can make the most of their investment in Splunk Industrial IoT.
Ingest Pricing
Another pricing option provided by Splunk Industrial IoT is Ingest Pricing, where organizations pay based on the volume of data they bring into the platform. This straightforward and predictable approach allows businesses to scale their data operations without unexpected cost spikes, as additional searches and expanded use cases on ingested data come with manageable pricing. With Ingest Pricing, users can effectively manage their data ingestion processes while maintaining control over their expenses.
Entity Pricing
For those looking for a more straightforward and controllable pricing plan, Entity Pricing by Splunk Industrial IoT is based on the number of hosts using Splunk observability products. This option provides a predictable cost structure tied directly to the usage of the platform, allowing organizations to manage their expenses efficiently while scaling their monitoring capabilities. By aligning costs with the number of hosts, Entity Pricing makes it easier for businesses to budget and plan for their observability needs.
Activity-based Pricing
Splunk Industrial IoT also offers Activity-based Pricing, where costs are associated directly with the activities monitored by observability products such as metric time series (MTS), traces analyzed per minute, sessions, or uptime requests. This granular pricing approach ensures that organizations pay for the specific functionalities and services they use, promoting cost transparency and accountability in monitoring tasks. Activity-based Pricing allows businesses to tailor their expenses precisely to their monitoring requirements, optimizing cost-effectiveness.
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