FinOps - Cloud Cost Optimization
For the last couple of years organizations have invested on Cloud infrastructure tremendously. Now, cloud costs have become a major portion of IT budgets and cloud spend is started to be seen complex, untraceable, and difficult to analyze with its decentralized nature at scale. FinOps refers to Cloud Financial Management (CFM). As FinOps professionals in multi-cloud environment, we help organizations to control over cloud resources and their expenses. We design a Cloud Financial Management (CFM) process, which provides organizations the ability to real-time data-driven decision-making, the ability to understand cloud spend, the ability to constant optimization, the ability to plan, reduce waste, and forecast both their costs and their resource needs.
We use FinOps framework for organizations willing to gain more financial and operational control in variable and real time cloud costs. It is the process of adding financial transparency to the cloud’s variable expenditure model. By forming a FinOps cultural practice, organizations attain the practice of bringing financial accountability to the variable spend model of cloud, enabling distributed teams to work together and make business trade-offs between speed, cost, and quality. FinOps culture conduces the teams to access real-time data, manage their cloud costs, where everyone takes ownership of their cloud usage supported by a central best-practices group.
Cloud Financial Management (Cost Optimization) at AWS, Azure and Google Cloud
Enterprise Level Cloud Spent Negotiation Advisory