The case for financial operations (finops) in a cloud-centric world
We're excited to bring Transform 2022 back in person on July 19 and virtually from July 20-28. Join leaders in AI and data for in-depth discussions and exciting networking opportunities. Sign up today!
A study by Accenture found that a value gap is emerging between planned value and actual realized value, with only one in three (35%) companies saying they have achieved the expected benefits of the cloud, cost being cited as a major obstacle to achieving this goal.
As the cloud becomes the digital heart of business today, businesses often encounter common issues that can lead to cloud overspending. Whether it's complex pricing and billing, a lack of accountability and transparency, or an isolated review of vendor costs, overspending is quite common.
In addition, organizations' technology leaders are increasingly being asked to demonstrate how their cloud spend supports business strategy and how it aligns with associated goals. How can they solve this problem? Let's go further.
Viewing the ROI of Cloud InvestmentsCloud investment and usage across industries is ubiquitous, growing, and constantly changing. In fact, global spending on cloud services is expected to reach nearly $500 billion this year. Although companies are implementing cloud migration strategies, many are still not getting the benefits they originally envisioned.
EventTransform 2022
Join us at the leading Applied AI event for enterprise business and technology decision makers on July 19 and virtually July 20-28.
register hereThe answer lies in the rapidly evolving field of cloud finance operations (aka finops), a methodology that advocates a collaborative working relationship between devops, finance, and business teams to mitigate cost overruns and bridge gaps. value gap.
Finops PrinciplesFundamentals of finops include:
Teams must collaborate Everyone owns their use of the cloud Reports should be accessible and timely Decisions should be driven by the business value of the cloud Everyone should take advantage of the cloud's variable cost modelDeploying finops capabilities in an organization typically has the immediately measurable benefit of reducing cloud spend by 20-30%, while enabling better alignment of cloud spend with business metrics and supporting strategic decision making.
To be successful, finops requires a change in behavior and culture that promotes collaboration between devops, finance, and business teams. By embedding financial control, transparency, and accountability into the cloud operating model, companies can assign the true financial cost of...
We're excited to bring Transform 2022 back in person on July 19 and virtually from July 20-28. Join leaders in AI and data for in-depth discussions and exciting networking opportunities. Sign up today!
A study by Accenture found that a value gap is emerging between planned value and actual realized value, with only one in three (35%) companies saying they have achieved the expected benefits of the cloud, cost being cited as a major obstacle to achieving this goal.
As the cloud becomes the digital heart of business today, businesses often encounter common issues that can lead to cloud overspending. Whether it's complex pricing and billing, a lack of accountability and transparency, or an isolated review of vendor costs, overspending is quite common.
In addition, organizations' technology leaders are increasingly being asked to demonstrate how their cloud spend supports business strategy and how it aligns with associated goals. How can they solve this problem? Let's go further.
Viewing the ROI of Cloud InvestmentsCloud investment and usage across industries is ubiquitous, growing, and constantly changing. In fact, global spending on cloud services is expected to reach nearly $500 billion this year. Although companies are implementing cloud migration strategies, many are still not getting the benefits they originally envisioned.
EventTransform 2022
Join us at the leading Applied AI event for enterprise business and technology decision makers on July 19 and virtually July 20-28.
register hereThe answer lies in the rapidly evolving field of cloud finance operations (aka finops), a methodology that advocates a collaborative working relationship between devops, finance, and business teams to mitigate cost overruns and bridge gaps. value gap.
Finops PrinciplesFundamentals of finops include:
Teams must collaborate Everyone owns their use of the cloud Reports should be accessible and timely Decisions should be driven by the business value of the cloud Everyone should take advantage of the cloud's variable cost modelDeploying finops capabilities in an organization typically has the immediately measurable benefit of reducing cloud spend by 20-30%, while enabling better alignment of cloud spend with business metrics and supporting strategic decision making.
To be successful, finops requires a change in behavior and culture that promotes collaboration between devops, finance, and business teams. By embedding financial control, transparency, and accountability into the cloud operating model, companies can assign the true financial cost of...
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