Moving workloads to cloud environments offers greater agility, scalability, flexibility and more. But, this also brings in challenges associated with monitoring and tracking cloud resources, increased cloud bills and a lack of clear cost visibility - one of the most prominent concerns for almost all CFOs, CIOs and CTOs.
As per ISG’s estimates, cloud spending is predicted to surpass US$350 billion by 2022, and continue to grow to US$500 billion by 2025. Hence, the traditional consumption-based IT services model for cloud budgeting might not be the right approach to follow.
Implementing FinOps principles will help in establishing a granular transparency in cloud assets, gaining actionable insights for strategic investments and thereby reducing cloud bills significantly. However, since each FinOps vendor has their own unique capabilities and features, whom would you choose to address the requirements specific to your organization?
This white paper sheds light on the dynamics of the FinOps market and gives a comprehensive understanding of the FinOps Vendor Ecosystem that could help you choose the right FinOps Partner and implement an effective Cloud Optimization Strategy.