FULL COST CONTROL AND AGILE TRANSPARENCY
FULL COST CONTROL
AND AGILE TRANSPARENCY
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Are you paying more for cloud services than necessary? According to a study by Gartner, this issue still affects many companies. Soon no longer! By adopting FinOps, cloud costs can be analyzed, evaluated and controlled to make real-time, data-driven decisions to maximize business value.
THE FINOPS LIFECYCLE: INFORM, OPTIMIZE, OPERATE
In order to use FinOps most effectively it is important to distinguish three key phases:
1. INFORM – Create transparency
The cloud is being used at your company, but who keeps track of cloud costs? First of all, we must understand the total costs of cloud use in order to increase transparency around the individual applications and business areas. Furthermore, we must also understand the financial effects of individual (booked) cloud modules including their performance characteristics.
2. OPTIMIZE – Increase efficiency
The facts are on the table. The second phase focuses on optimizing the resources and billing models used. Now is the time to ask the right questions. Discover what these are in our exclusive and free eBook.
3. OPERATE – Establish continuity
Process finding and monitoring are at home here: In the third phase, the necessary responsibilities, processes and cloud governance are defined in order to achieve the desired goals. Here, automation enables the processes to be repeated efficiently and effectively.
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BENEFITS OF APPLYING FINOPS
IMMEDIATE COST SAVINGS
From the time of implementation and team staffing onwards
MAXIMUM COST TRANSPARENCY
100% allocation of costs
NEW ANALYSIS POTENTIAL
Extensive analysis and control options
CONTINUOUS DEVELOPMENT
Daily macro-optimizations and micro-optimizations
REAL-TIME SCALABILITY
Extended options for data-based decisions
FULL FLEXIBILITY
Rapid adjustments to customer requirements (internal and external)
READY FOR ALERT
Automated warning and expense-monitoring reports about the costs incurred
BETTER TOGETHER: FINANCE & IT
Properly applied, FinOps is a self-developing management discipline that is individual to each company and whose methodology allows IT, finance and business teams to make data-based cloud decisions in real time.
FinOps establishes new synergies, enables your team to be interdisciplinary and work in the cloud with agile methodologies.
Common goals should be:
- Defining a strategy for cloud use
- Best practices and guidelines for cloud use
- Making cloud costs transparent
- Control of cloud budgets
- Cost monitoring and initiating corrective measures
We can guide your organization on the journey to data-driven cost control and help you make real-time, budget-efficient decisions.
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ANNA LENA STEINBORN
Great changes start with a simple “Hello”.