Optimize Your Experience
Less than 50% of Enterprise Organizations have engaged in a FinOps program. Their initial Focus Areas include:
- Platform and application tools only tell part of the story.
- Everyone is watching their own piece of the environment, making it difficult for leaders to make solid business decisions.
- Lack of global adoption of tool use, KPI definitions, or governance oversight leads to the absence of accountability.
The Three Pillars of Cloud FinOps
- Inform: This pillar emphasizes the importance of gaining visibility into cloud costs and resource usage. Without accurate and timely information, organizations cannot make informed decisions about their cloud spending.
- Optimize: Optimization is at the heart of Cloud FinOps. It involves identifying opportunities to reduce costs, eliminate waste, and improve the efficiency of cloud resource utilization.
- Operate: The operational aspect of Cloud FinOps services focuses on implementing policies, processes, and tools that ensure ongoing cost management and governance.
Articles
Mastering Cloud FinOps:
A Comprehensive Guide
A Comprehensive Guide
cloudEQ believes that a FinOps program should include a center of excellence that encompasses a steering committee made up of leaders from IT and business, coupled with cloudEQ subject matter experts.
Article
Mastering Cloud FinOps:
A Comprehensive Guide
A Comprehensive Guide
cloudEQ believes that a FinOps program should include a center of excellence that encompasses a steering committee made up of leaders from IT and business, coupled with cloudEQ subject matter experts.
FinOps done differently – The Value of FinOps
Cloud FinOps addresses a critical need in modern business operations: the need for cost-efficient cloud management. Here are some key reasons why Cloud FinOps is essential:
- Cost Optimization: FinOps is all about cost optimization. It helps organizations identify opportunities to reduce cloud spending while maintaining or even improving performance.
- Aligning with Business Objectives: By aligning cloud spending with business objectives, FinOps ensures that every dollar spent on cloud resources contributes to the organization’s success.
- Improved Decision-Making: FinOps provides real-time insights into cloud costs and resource usage. This data empowers organizations to make informed decisions about resource allocation and usage.
Optimizing Cloud Spend
Our tailored cloud strategies optimize your applications, services, servers, containers, and infrastructure to meet the goals of your technical and business teams. All while minimizing costs.
- Auto-scaling
- Finding and deleting elastic storage blocks
- Scalability scheduling and hibernation
- Identification and elimination of unused compute instances
- Schedule non-production instances during non-business hours
- Design long-term savings reserved instances for steady state workflows
The Future of Cloud FinOps
As cloud technology continues to evolve, so does the practice of Cloud FinOps. The future of FinOps holds several exciting developments:
- Advanced Analytics The integration of advanced analytics and AI/ML will enhance cost optimization by providing predictive insights and automated recommendations.
- Multi-Cloud Management With organizations increasingly adopting multi-cloud strategies, Cloud FinOps will evolve to accommodate the complexities of managing costs across multiple cloud providers.
- Sustainability Cloud FinOps will extend its focus beyond cost optimization to include sustainability and environmental impact. Organizations will aim to reduce their carbon footprint while optimizing costs.
Leveraging Custom FinOps Dashboards
- Optimize Usage: Custom dashboards provide real-time insights into cloud resource usage, enabling organizations to optimize resource allocation and usage.
- Manage Workloads: Workload management is crucial for cost efficiency. Dashboards help organizations identify resource-intensive workloads and fine-tune them for maximum efficiency.
- Eliminate Waste: Identifying and eliminating waste is a key aspect of cost optimization. Dashboards highlight areas where resources are underutilized or redundant, allowing organizations to take action.
- Create Automation & Rules: Automation rules within dashboards ensure that cost optimization measures are consistently applied, even as the cloud environment evolves.
- Cancel Redundant Tools and Licenses: Dashboards provide visibility into duplicate tools and licenses, enabling organizations to make informed decisions about which ones to cancel or consolidate.
Why cloudEQ?
Our decades of expertise on both sides of the table position us to focus on your unique challenges and lead your transformation with speed that lasts.
