{"id":7074,"date":"2022-09-06T14:05:43","date_gmt":"2022-09-06T14:05:43","guid":{"rendered":"https:\/\/www.version1.com\/en-us\/?p=7074"},"modified":"2022-09-06T14:05:43","modified_gmt":"2022-09-06T14:05:43","slug":"adopting-cloud-cost-management-in-your-business","status":"publish","type":"post","link":"https:\/\/www.version1.com\/en-us\/adopting-cloud-cost-management-in-your-business\/","title":{"rendered":"Adopting Cloud Cost Management in Your Business"},"content":{"rendered":"

As the interest in large-scale cloud adoption rises, so do the questions around spend that many customers face pre-adoption.<\/h2>\n

Cloud technology platforms offer considerable business advantages through rapid deployment, computing power flexibility and an OpEx financial model, underpinning the ability for businesses to expand and grow for competitive existence.<\/p>\n

However, as cloud adoption grows, so does cloud consumption spend and consequently the challenge of managing that spend.\u00a0 By its very nature cloud is easy to deploy, however, this feature may unintentionally be creating unmanaged, and\/or unknown, spend and waste. Eroding the financial benefit of cloud and reducing capital necessary for the business to invest.<\/p>\n

FinOps (Cloud Financial Management or Cloud Cost Optimisation) practice has evolved to help businesses build policies and processes to control, monitor, forecast & allocate cloud costs effectively and appropriately.<\/p>\n

The higher the spend, the greater the need.
\n<\/em><\/strong>FinOps Foundation<\/em><\/strong><\/a>, November 2021<\/em><\/strong><\/p>\n

In response to this business imperative, the Version 1 SAM Team has created a new whitepaper \u2018Cloud Cost Optimisation \u2013 Adopting FinOps in Your Business<\/a>\u2019 which discusses the practice of FinOps; what it is, why it is important and the benefits of this practice.<\/p>\n

This paper is designed to offer advice and guidance if you\u2019re looking where to start on becoming FinOps proactive. If you\u2019re in IT, technical architecture, cloud, finance, DevOps, are someone consuming cloud services or who has an interest in FinOps; here you will find new insights that you can put into practice.<\/p>\n

It is important to remember that FinOps only examines cloud cost and should form part of your overall SAM methodology which considers your investment in on-premises software.<\/strong><\/p>\n

Version 1\u2019s license consultants are highly experienced in supporting enterprise customers adopt and manage cloud technologies, with the primary objective being to; reduce risk, complexity and cost of your license estate, minimise unplanned software spend, create good internal governance and management of software assets, and improve software vendor relationships.<\/p>\n

For more information download our whitepaper<\/a> or, for further clarifiction on our services around cloud cost management; you can\u00a0 contact us<\/a>.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

As the interest in large-scale cloud adoption rises, so do the questions around spend that many customers face pre-adoption. Cloud technology platforms offer considerable business advantages through rapid deployment, computing power flexibility and an OpEx financial model, underpinning the ability for businesses to expand and grow for competitive existence. However, as cloud adoption grows, so […]<\/p>\n","protected":false},"author":0,"featured_media":7075,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[101],"tags":[],"industry":[],"class_list":["post-7074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"translations":[{"blog_id":1,"post_id":7074,"name":"Europe","code":"EN-GB","hreflang":"en-gb","url":"https:\/\/www.version1.com\/blog\/adopting-cloud-cost-management-in-your-business\/","is_current":false},{"blog_id":13,"post_id":7074,"name":"Americas","code":"EN-US","hreflang":"en-us","url":"https:\/\/www.version1.com\/en-us\/adopting-cloud-cost-management-in-your-business\/","is_current":true}],"yoast_head":"\nAdopting Cloud Cost Management in Your Business | Version 1 (US)<\/title>\n<meta name=\"description\" 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