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FinOps, or Cloud Cost Optimization, brings financial accountability to dynamic cloud spending, allowing teams to balance speed, cost, and quality. FinOps teams integrate IT and finance to decrease costs through resource optimization and discounting strategies. The technology is necessary in today’s rapidly changing cloud environment, where even the most savvy businesses can fall into cloud overspend.
A major eCommerce retail group used FinOps to achieve a 20% reduction in cloud spend ($1.4M annually), 30% scaling of resources without added cost, and improved DevOps visibility and control of resource utilization and spend.
For organizations already well-established in the cloud, vendors such as AWS and Azure often bite large chunks out of annual revenue. Monthly cloud bills accumulate quickly – the 5 biggest cloud vendors rake in a combined total revenue of over $80 billion a year, with Microsoft and Amazon claiming the lion’s share of over $20 […]
In 2023, Microsoft’s total annual revenue exceeded $211 billion for the first time ever. A key driving force was its intelligent cloud segment, which has retained its position as Microsoft’s powertrain since 2020. There’s no disputing that Azure has emerged as one of the most sought-after cloud offerings on the market. However, while Azure bolsters […]
Amazon is locked in the race against rising energy and infrastructure costs. Their per-instance pricing has halted its freefall after years of relentless reductions; at the same time, external pressures are threatening a big squeeze on organizations’ budgets. Identifying and understanding AWS spend is quasi-analytical – controlling it is wholly cultural. Unifying these requires a […]
Imagine navigating your digital ship through the turbulent seas of cloud storage management. One wrong calculation, and you’re either sinking under the weight of overprovisioning or losing speed due to performance hiccups. But what if there was a compass that could make this voyage smooth sailing? GlobalDots presents you with an Autoscaler that’s revolutionizing the […]