FinOps – cloud Cost Optimisation
Delivering Cloud consumption optimisation to reduce costs and avoid unnecessary spend
Exploring FinOps
FinOps (Cloud Financial Management) is a growing professional discipline within large enterprises that aims to control ongoing cloud spend by working with financial, IT, and DevOps stakeholders across the business. FinOps as a practice seeks to do the following:
- Manage ongoing cloud costs by avoiding unnecessary spend through over specified resources
- Prevent last-minute overspend through accurate forecasting and reservation of cloud requirements at an optimal price
- Optimise ongoing costs and take advantage of cost reduction opportunities through detailed insights and data
- Accurately allocate cloud costs across the business
Version 1 – Cloud consumption optimisation expertise
The more complex the organisation and cloud usage, the greater the need for FinOps. However, many organisations are still struggling with where to start.
We have a dedicated team that specialise in the ongoing optimisation of enterprise licensing and cloud consumption and can help you with the following:
- Advise and guide with creating your own internal FinOps discipline to fit into your business’s overall processes and procedures
- Validate/verify your current FinOps practice and make appropriate recommendations
- Outsource some or all your FinOps discipline to Version 1 whilst adhering to any specific in-house processes
Cloud Cost Optimisation
Cloud Cost Reduction
Avoid Unnecessary Spend
Accurate Cost Allocation
Accurate Spend Forecasting
Data and Insights
The importance of FinOps for Cloud cost optimisation
With the growth in cloud adoption comes the inevitable growth in associated consumption costs. So how do you monitor, control, and optimise those elements ongoing? Our fireside chat with Jason Pepper, Head of SAM Practice discusses the cross-functional practice of FinOps to create enhanced cloud cost management and shares his tips on how to kick start your own FinOps practice.