GAUGING THE MARKET
WHY AND HOW TO START YOUR FINOPS JOURNEY RIGHT NOW
Willy Sennott , the EVP FinOps at Vega Cloud says the longer you delay your FinOps initiative , the more money you leave on the table .
If I told you I ’ d give you two dollars tomorrow in exchange for a dollar today , you probably wouldn ’ t have to think very hard to realise I ’ m offering you a good deal , right ?
In general , no . Most business leaders recognise the value of investing in measures that improve revenue and cash flow .
Strangely , however , cloud cost optimisation initiatives tend to be an exception . Although cloud cost optimisation – a practice also known as FinOps – can significantly reduce the amount of money businesses spend on cloud infrastructure , which frees up cash that they can redirect elsewhere , companies too often drag their heels when considering cloud cost optimisation projects . That ’ s a shame because the longer you delay your FinOps initiative , the more money you leave on the table .
Fortunately , with the right approach , it ’ s possible for organisations to overcome the hurdles that can slow down cloud cost optimisation projects . Allow me to explain by discussing why FinOps can be a particularly challenging endeavor for companies to start , and what they can do to accelerate the process .
Why FinOps journeys often start late
Understanding the value of reducing spending on cloud infrastructure is easy . Virtually all business leaders want to leverage FinOps to save money .
The problem , however , is that cloud cost optimisation projects come with upfront costs and businesses too often struggle to get buy-in for accepting those costs .
To cut cloud spending , you need access to experts who understand cloud architectures and services and who can help to identify and act on cost-savings opportunities tailored to your business . You also often need tools that help automate the process of reining in cloud spending . And you may have to invest in educational initiatives to guide employees about cloud spending best practices on an ongoing basis .
All these resources come with a cost – and objection to the cost can stunt the ability of FinOps projects to get
The sooner you get started with FinOps , the sooner you stop throwing away money on unnecessary cloud spending . www . intelligentfin . tech
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