Unlocking Cloud FinOps: Driving Efficiency and Value in the Cloud with Oreta
As the cloud footprint expands, businesses face challenges such as cost overruns, resource wastage, and misaligned investments. Cloud Financial Operations (Cloud FinOps) provides a critical framework for addressing these challenges, enabling organisations to maximise the value of their cloud investments by focusing on visibility, optimisation, and collaboration.
What Is Cloud FinOps?
- Visibility: Providing real-time insights into cloud usage and costs.
- Optimisation: Refining resource allocation to eliminate waste.
- Collaboration: Aligning technology, finance, and business teams for informed decision-making.
A study by Gartner estimates that organisations without proactive cloud cost optimisation strategies overspend by 20% to 50% on their cloud budgets.
Why Cloud FinOps Matters
- Cost Transparency: Organisations need a clear view of where their cloud dollars are going.
- Proactive Management: By identifying cost spikes early, businesses can avoid unexpected financial strain.
- Business Value: Aligning costs with outcomes ensures every dollar contributes to measurable growth.
Oreta’s Approach to Cloud FinOps
- Establishing Visibility: Using advanced tools, we provide real-time dashboards, detailed cost breakdowns, and trend analysis. These insights empower organisations to make data-driven decisions.
- Driving Optimisation: Our experts identify cost-saving opportunities through:
- Rightsizing resources.
- Automating scaling policies.
- Implementing reserved instances or savings plans.
- Eliminating unused assets.
According to AWS, businesses adopting these practices can save up to 40% on compute costs.
- Enabling Collaboration: Cloud FinOps thrives on collaboration. Oreta bridges gaps between IT, finance, and business units, fostering alignment through training and shared goals.
- Continuous Improvement: With the dynamic nature of cloud environments, Oreta provides ongoing support to adapt to changing workloads, pricing structures, and priorities.
A Timely Investment: Cloud FinOps Post-Migration
Why Choose Oreta?
- Skilled consultants with proven cost optimisation experience.
- Frameworks to accelerate FinOps adoption.
- Tailored solutions that align with your business needs.
Partner with Oreta to turn cloud complexity into clarity, enabling your organisation to thrive in the digital age. Contact us today to learn more!
References
- Gartner. Optimising Cloud Costs: Strategies for Success. https://www.gartner.com/en/information-technology
- Mckinsey Digital. The FinOps way: How to avoid the pitfalls to realizing cloud’s value.
https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-finops-way-how-to-avoid-the-pitfalls-to-realizing-clouds-value - AWS. Cloud Cost Optimisation Best Practices.
https://aws.amazon.com/aws-cost-management/cost-optimization/