Automating infrastructure changes has become a huge trend. However, it appears many companies are missing opportunities to optimize cloud spends, especially when it comes to automation. Nearly half of the respondents (48.64%) in the State of FinOps Report 2021 have little or no automation in their cloud management. This blog will break down the above automation techniques that simplify FinOps efforts:

Automating infrastructure changes has become a huge trend. However, it appears many companies are missing opportunities to optimize cloud spends, especially when it comes to automation. Nearly half of the respondents (48.64%) in the State of FinOps Report 2021 have little or no automation in their cloud management. This blog will break down the above automation techniques that simplify FinOps efforts:

Automating infrastructure changes has become a huge trend. However, it appears many companies are missing opportunities to optimize cloud spends, especially when it comes to automation. Nearly half of the respondents (48.64%) in the State of FinOps Report 2021 have little or no automation in their cloud management. This blog will break down the above automation techniques that simplify FinOps efforts:

In a recent blog, “Who’s Responsible For Your Organization’s Cloud Cost Optimization?,” we mentioned some of the main stakeholders of cloud costs: primarily the business, DevOps, and engineering teams. The financial responsibility of keeping cloud costs in check often gets lower priority among other important tasks within certain teams. This brings up an interesting question: could cutting down cloud costs be a full-time job?

A recent State of FinOps Report 2021 investigated the state of cloud financial management and revealed the top challenge faced by FinOps teams: convincing engineers to make cost optimization changes within their organizations. The survey respondents in the report consisted of 804 practitioners who ranked the most common challenges they face related to cloud cost management. Check out the full breakdown

For many, the time-consuming task of tagging might not seem worthwhile. Furthermore, while you may be able to analyze cloud usage, you’re missing out on other important visibility data that can explain cloud usage patterns and other sources of cloud overspending. A way to access such important visibility data is through an automated monitoring system, whether that be in the form of a cloud management platform or cost saving tool.

When we hear “cloud cost optimization,” we often think about optimizing costs at the IaaS level, whether it be rightsizing instances or removing other idle resources in a cloud environment. Almost all organizations use cloud-based services and software, typically in the form of Software as a Service (SaaS). SaaS makes up the largest market segment among cloud services spending, which is why there should be focus on SaaS cost optimization too.

When we hear “cloud cost optimization,” we often think about optimizing costs at the IaaS level, whether it be rightsizing instances or removing other idle resources in a cloud environment. Almost all organizations use cloud-based services and software, typically in the form of Software as a Service (SaaS). SaaS makes up the largest market segment among cloud services spending, which is why there should be focus on SaaS cost optimization too.

When we hear “cloud cost optimization,” we often think about optimizing costs at the IaaS level, whether it be rightsizing instances or removing other idle resources in a cloud environment. Almost all organizations use cloud-based services and software, typically in the form of Software as a Service (SaaS). SaaS makes up the largest market segment among cloud services spending, which is why there should be focus on SaaS cost optimization too.

Among the many challenges associated with a multi-cloud environment is the challenge of managing cloud costs. Managing cloud costs is more than just dissecting hundreds of lines in a cloud invoice. It’s also about dealing with other factors that influence the uncontrolled proliferation of cloud costs. Let’s explore two main challenges that hinder a successful cost optimization strategy and what can be done to revamp cost saving practices for the multi-cloud.

While it might seem like the responsibility of cloud cost optimization should fall solely on the finance team, the range of responsibilities requires more teams to be involved. To really understand the scope of these cloud responsibilities, we first have to understand the difference between cloud governance and cloud management. For starters, you can’t have one without the other.

Not every business will have the time and resources to analyze its monthly cloud bills and keep its cloud infrastructure cost optimized at all times. To better understand how you can avoid overspending on the cloud, let’s explore some of the challenges associated with cloud cost optimization and how cloud cost optimizations tools can help you reduce cloud costs.

Due to the pandemic, many organizations have had to rush to get up and running on the cloud without factoring in unintended consequences. Many businesses are likely adopting cloud computing for the first time (or adopting a multi-cloud strategy for the first time) and can’t predict what their first cloud bills will look like. Unlike other IT expenditures that are set in long-term contracts, cloud spending is more flexible, which is why managing cloud costs can get out of control.