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.
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.
When deciding whether to migrate your critical workloads to the AWS cloud, it can be difficult to understand what your full scope of spending will be. AWS total cost of ownership (TCO) varies from organization to organization, as many have differing compliance and security requirements, customer expectations for service and availability, and DevOps goals.