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.
Offloading management to a third party to address cloud skills gaps may only be a temporary need, to let staff learn a new cloud environment before taking it on in a full capacity.
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.
Sometimes businesses may run into operational inefficiencies in AWS that lead to out-of-control spending. Cost optimization is a critical, continual process of refinement and improvement over the entire IT lifecycle. For those in AWS looking to optimize their cloud environment, this guide is an essential read.