Cloud FinOps review
What’s a Financial Operations (FinOps) Review?
Technology and the Cloud should mean more efficiency and value, but many organisations find that bills increase and don’t know why.
Our Cloud FinOps review can look at your business’s entire IT Infrastructure or IT project and produce a report giving you insight into how your business can save money, improve operational efficiency, and enhance productivity.
Request a FinOps Review
What can I expect from a Cloud FinOps Review with Digital Space?
1. Regular discussions
A regular discussion with an expert about where costs are increasing and whether that matches with increases in usage or value.
2. Recommendations
Tailored recommendations about how to improve utilisation and increase spending efficiency.
Measurement and accountability (See)
- Implement account and
tagging strategy
- Report and monitor
cost and usage
- Allocate costs
- Measure efficiency /
value KPIs
Cost optimisation (Save)
- Architect and design
- Eliminate cloud waste
- Choose the best purchase option
- Evolve with new
cloud offerings
Measurement and accountability (See)
- Dynamic budgeting
and forecasting
- Estimate workload costs
- Quantify cloud business value
- Integrate cloud with IT financial management
Cloud financial operations (Run)
- Executive sponsorship for a CFM function
- Align stakeholder understanding of cost
- Implement cloud guardrails
- Evolve process, automation, and tools
3. Review
Joint review of how well each cost reduction initiative has worked and where next to focus.
4. Project Suggestions
Suggestions on how to approach new projects so that they’re cost-effective.
Why should I do a FinOps review for my business?
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96% of enterprises consider FinOps crucial to their Cloud strategy, yet only 9% have a mature FinOps practice.
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Only 19% of businesses believe their discounted Cloud purchases have been effective.
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92% of companies face challenges with FinOps, particularly in reducing Cloud costs (50%) and forecasting cloud spend (47%).
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Future technology investments in automation are primarily focused on compute purchasing options (30%) and container infrastructure right-sizing (30%).
The stats above indicate that although organisations are beginning to adopt FinOps, few have developed a mature FinOps practice, and many are still struggling to fully benefit from cloud cost management.
Book a fully funded Digital Space Cloud FinOps review today to ensure you’re not overspending on your cloud and IT infrastructure .
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