Imagine a world where very financial decision is supported by accurate and timely data, where resources are optimally deployed and costs are always under control. This is the true value of FinOps when applied effectively.
To make it work, you need to find the right keys to turn simple data collection into a tangible and lasting competitive advantage for your organisation.
The crucial data role in FinOps
An effective FinOps service relies on fast, data-driven decisions to optimise financial and asset governance, fostering collaboration between business and IT. However, the true success of FinOps is not limited to simply understanding data: it requires advanced skills and detailed analysis of operational metrics. in FinOps
An effective FinOps service relies on fast, data-driven decisions to optimise financial and asset governance, fostering collaboration between business and IT. However, the true success of FinOps is not limited to simply understanding data:it requires advanced skills and detailed analysis of operational metrics that can be offered.
This aspect may already seem familiar, but many organisations often overlook a crucial element: attention to the specific competencies that the chosen partner brings. These competencies, embedded in the operational context, include the ability to collaborate effectively to turn cross-functional skills into concrete objectives.
FinOps is a strategic discipline for a reason: it goes beyond the initial stages of simple implementation and gradual growth to the mere inclusion of a FinOps expert in the corporate team.
According to a Gartner research FinOps is based on a bottom-up, highly granular approach to cost analysis, ensuring that every resource and technology is accurately accounted for., This methodology operates with a flexible cadence, adapting to the specific needs of each organisation, either through daily or real-time management. Although the focus is currently on optimising cloud infrastructure (IaaS) and application (PaaS) costs, the discipline is rapidly evolving to include SaaS, expenses as well, moving towards full-stack, comprehensive cloud cost management.
This approach requires a dynamic combination of technical expertise, tool knowledge, vendor knowledge and strategic insight to penetrate different organisational structures and deliver meaningful results.
Therefore, to have an optimal FinOps, you need a partner who is able to:
- Check the correct sizing of resources.
- Set up mechanisms to automatically switch Virtual Machines (VMs) on and off.
- Manage anomalies and monitor costs.
- Evaluate the possibility of using a reservation/saving plan.
- Create customised reports tailored to each customer, , designed to help them with every request and need.
In short, your FinOps partner should go beyond basic usage and consumption reporting, offering advanced functionalities such as targeted recommendations, strategic forecasting and process automation. In addition, it should provide specialised expertise to optimise and manage specific products in depth, providing tangible added value for your organisation.
Only then will your organisation experience the true potential of how FinOps works.