Because spending in the cloud can drive customer growth, product development efficiencies, relieve dependence on datacenters, and increase revenue generation, FinOps thus becomes all about making money rather than simply saving it.
Working with a cloud service provider like Amazon Web Services (AWS) can help significantly lower your operating costs. But it is important to make sure you are getting the most savings available.
More than half (62%) of recent survey respondents say they have experienced stalled or slower-than-expected cloud migration. Most believe the delay in cloud migration is primarily due to unanticipated skills gaps (41%).
Does cloud save money? The short answer is yes. The longer form answer is that yes, but it depends upon the foundation you’ve empowered in the cloud for the rest of the business to run on.
AWS cost optimization is the process of examining and correcting existing conditions within the AWS environment to better fit within a predetermined budget.
AWS Savings Plans are an easy cost-saving feature that can provide optimization in exchange for a commitment to a particular level of usage.
AWS Savings Plans are an easy cost-saving feature that can provide optimization in exchange for a commitment to a particular level of usage.
Cloud cost management requires unique expertise in the realm of cloud architecture, and often cloud teams either don’t have the skills on staff or are too busy to focus on the technical and operational processes necessary to control and reduce costs. This issue, coupled with complex billing and lack of visibility into spending trends can result in sprawled workloads, stalled migrations and eroded confidence in cloud strategies.