Take Your FinOps to New Heights
Don't let Your FinOps become a Fin-Flop
Enhance FinOps to Maximize the Value of Cloud
Forrester points out a key trend: 94% of businesses end up over-allocating resources to ensure application performance, which hurts their ROI. FinOps gives you the clarity you need to better understand your multi-cloud usage, fostering financial accountability by encouraging collaboration across teams. By following FinOps principles, you can make smart adjustments to avoid over-provisioning and keep costs in check.
That said, there are many ways to approach it—some more effective than others. This page brings together best practices to help you turn your FinOps efforts into a real success.
On-Demand Webinar - Preparing for 2025: FinOps Trends and ITAM Synergy
Gear up for success and explore the future of FinOps in this on-demand webinar. Join us to explore:
- The terrain of FinOps in 2024
- Current footholds in the FinOps journey
- Future trends in FinOps and ITAM to help you scale
Key Statistics
675 $ billion is spent by companies on the public cloud
200 $ billion go to waste annually
54 % of cloud waste is due to poor visibility
10 Tips to get Cloud Costs Under Control
Revolutionize your cloud spend with proven techniques:
- Leverage hybrid license rights for optimal utilization
- Establish costs alerts as guardians of fiscal prudence
- Select precise instance types for budget efficiency
- Benefit from reversed instances or savings plans
- Automate the orchestration of cloud resources
FinOps Transparency
Cloud services that are not used to their full potential or ignored entirely are part of cloud waste. It's like hosting a digital landfill - the resources are sitting there, taking up space, and the costs for these idle or underutilized resources can be high.
FinOps is a business practice which helps to tackle could waste in multiple ways such as:
- Usage Management and Control
- Resource Rightsizing
- Cost Allocation and Tagging
- Cloud Unit Economics
- Forecasting and Reporting
Unleash Full Cloud-Saving Potential with Reserved Instances
This comprehensive guide shows how you can leverage powerful cost optimization strategies without compromising IT performance.
Included in this guide are:
- The benefits of Reserved Instances
- What you must prepare before RI-purchasing
- Tips how to manage and optimize RIs
- How to renew and expand Reserved Instances
- Why reporting and cost management are essential for optimizing RI-usage and cost savings
More resources
Get ready to start maximizing your cloud value with FinOps. Let's chat!
"The FinOps idea is that a business makes the "best" investment decisions, not just the lowest cost decisions."