FinOps Foundation’s FOCUS Aims to Standardize Cloud Billing
Cloud spending is on the rise. As organizations shift more applications to the cloud, there is a growing need to optimize workloads and reduce spending when possible. But a lack of visibility into complex cloud bills often impedes these goals. This is compounded by a lack of data standardization across the multi-cloud landscape, with cloud […]
Survey: Much Greater Focus on Reining in IT Costs
A survey from Vega Cloud found 62% of respondents are more closely monitoring all IT costs, with more than half (52%) more closely evaluating their cloud service provider options. The survey polled 100 vice presidents from organizations with more than 1,000 employees and was published today by Vega Cloud, a provider of a platform for […]
Vega Cloud Commits to Reducing Cloud Costs
Vega Cloud today made a commitment to save customers at least 10% on their cloud infrastructure spending or it won’t charge for its software. Vega Cloud’s software automates cloud infrastructure management. The Vega Cloud platform enables IT teams to connect, automate, manage and optimize new and existing networks, applications and other multi-cloud IT environments from […]
AWS Delivers on Latest Graviton3 Price/Performance Promise
Amazon Web Services (AWS) has expanded the number of virtual machines based on the latest generation of its Graviton processors to include instances that support DDR-5 memory. The latest Amazon EC2 instance types, dubbed M7g and R7g, that are now generally available are based on the AWS Graviton3 processors developed using an architecture created by […]
FinOps & ITAM Must Team up to Cut Cloud Spend
Ahead of its Wisdom NA 2023 event taking place in Florida March 21-22, Rich Gibbons from the ITAM Review explores the relationship between FinOps and IT Asset Management when it comes to managing software costs. With on-premises revenues in decline, will the major software publishers respond by increasing policing and enforcement of their licensing rules in […]
Aligning Cloud Spend Management With Cloud Transformation
The cloud transformation movement is well underway, with more than half of enterprise organizations moving to a cloud-native approach this year, according to Forrester Research. Spending on cloud infrastructure is rising accordingly – more than $21 billion in Q4 2021, up 13.5% from Q4 2020, according to IDC. The cloud offers economies of scale and […]
Exploring the Emerging Role of FinOps
Cloud overspending is becoming a top-of-mind budget item for the modern CFO. To direct resource utilization in the cloud, some organizations are turning to increased automation and more diligent cloud procurement processes. As part of this momentum, new roles are emerging to oversee cloud financial operations. Amid rising cloud costs, FinOps is emerging as a […]
Myth Busting: 5 Misconceptions About FinOps
Over the years, moves to the cloud have happened in several different ways and at various speeds. The reality is that today most enterprises are spending massive amounts on their cloud environments, and many teams are struggling to contend with the governance implications of this reality. Fundamentally, teams struggle with an either-or proposition: Either they […]
Four Steps to Avoiding a Cloud Cost Incident
The recent Flexera 2022 State of the Cloud Report found that organizations waste 32% of their cloud spend, up from 3o% last year. This can be due to cloud cost incidents triggered by unused resources, malicious activity or overambitious projects and which have a massive financial impact if not found and corrected promptly. As an […]
How FinOps Can Optimize Cloud Costs and Drive Innovation
Two mainstays drive most application migration and modernization initiatives. First, organizations are moving workloads to the cloud as an innovation catalyst. Achieving their strategic goals requires the speed, agility, reliability and advanced technical capabilities available to them in a hyperscale cloud. Second, they’re intent on ensuring the return on investment (ROI) through cost optimization, which […]
Elevating Agile With Financial Discipline
A corporate axiom is changing, shifting from “Big eats small” to “Fast eats slow.” But change doesn’t happen overnight. While Agile and lean methods continue to chip away at the status quo, making gains and increasingly moving beyond pockets of teams to the portfolio and then enterprise-wide adoption levels, waterfall approaches to delivery persist. Rumors […]