Cloud FinOps


According to the FinOps Foundation, the terms Cloud Optimization, Cloud FinOps, Cloud Cost Management, and Cloud Financial Management often refer to the same thing:


Whatever you call it, adopting FinOps fundamentals is an effective way for organizations to better see and manage their organizational cloud usage and costs. FinOps teams are typically supported by a central best-practices group, often housed within a Cloud Center of Excellence (CCoE) or Cloud Business Office (CBO).

Explore our cloud optimization capabilities.

Cloud Strategy

Craft a strategic vision for business-critical applications that assures they're accessible whenever you need them.

Cloud Marketplace

The industry's #1 cloud marketplace channel partner.

Cloud Cost Management

Simplifying cloud consumption and governance, maximizing return on investment.

DevOps

Combining people, processes and technology to enable the continuous delivery of value to end users.

Benefits of cloud optimization

Managing cloud costs requires constant attention to a variety of factors. By taking the time to understand and implement a combination of finance and DevOps best practices, organizations can save money while capitalizing on the benefits of their particular cloud architecture and operating model:

  • Control cloud costs and spend while maximizing value and ROI
  • Enhance the performance of workloads and applications through automation
  • Achieve full visibility into cloud consumption while driving compliance
  • Optimize infrastructure to support business and IT goals
  • Consolidate cloud subscription management and billing
  • Manage cloud consumption across the enterprise
  • Establish reliable metrics for measuring what cloud success looks like
  • Enhance reporting, forecasting, insights and savings opportunities
  • Visualize real-time cloud consumption metrics
  • Optimize the structure of cloud subscription accounts
  • Maximize negotiation leverage with public cloud hyperscalers

Trending

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Cloud FinOps as an Effective Cost Management Tool

Learn the basics of managing resources and operations to maximize the value of cloud investments.
Article
• Jul 10, 2024
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Optimizing Cloud Spend with FinOps | Experts

Cloud migrations were initially predicated on the justification of cost savings. Now well into that journey, many organizations simply aren't seeing as much value as they predicted. And in some cases, leaders are seeing a "double bubble" effect, with costs increasing in both infrastructure and cloud. Join Jenny Haladik, a chief cloud advisor at WWT, as she outlines how adopting cloud FinOps fundamentals can supercharge your ability to optimize cloud spend.
Webinar
Jan 3, 2024 • 9am
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Cloud Marketplace Maturity Model

A roadmap for optimizing cloud procurement, spend, consumption and savings.
WWT Research
• Jun 8, 2023
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How Cloud Optimization Saves Money and Positions You for Long-Term Success | Research

Cloud adoption has accelerated in recent years. Whether spurred by the pandemic, the need to enable hybrid work, or the desire to meet heightened consumer expectations for digital experiences, most organizations have a cloud footprint today. Yet in their rush to migrate, many organizations took shortcuts — the consequences of which will make it harder to scale their footprint and realize the full benefits of their investment. That's where cloud optimization comes in. Join WWT Director of Cloud Platform Jack French and WWT Cloud Marketplace Specialist Josh Bushman as they discuss cloud optimization's critical role in achieving long-term cloud success. Given cloud's reach across technology stacks, their discussion focuses on some top ways organizations can put optimization into action, including tips for implementing best practices around cloud governance, cloud cost management, cloud security and cloud marketplaces.
Webinar
Feb 16, 2023 • 9am
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6 Key Concepts Driving Cloud Success

As adoption continues to soar, it's worth pausing to consider some basic drivers behind cloud's growing value as a tool for digital and business transformation.
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• Dec 16, 2022

WWT Cloud FinOps program

We've developed a series of services to support your Cloud FinOps adoption journey. No matter what stage you're at today, from initial strategic planning through implementing best practices to drive ongoing operational excellence, we can help:

  1. Cloud maturity: Identify pain points in your current cloud state around costs and consumption visibility.
  2. FinOps team: Identify and establish the core group of stakeholders to lead the FinOps charge.
  3. KPIs: Establish a roadmap and goals around cloud usage, spend and business drivers.
  4. Data: Review cloud governance, tagging and tooling requirements.
  5. Cost optimization: Establish plan to review optimization recommendations with stakeholders.
  6. Operations: Ongoing optimization review and recommendations across all cloud users.
  7. Operational excellence: Iterate to improve forecasting, optimization and usage metrics.


It's important to understand that the journey to FinOps maturity is never really complete — it's an iterative process that evolves as organizations grow in confidence and capabilities.

Core service offerings

Our cloud concierge services help organizations manage the financial health of their public cloud accounts across the leading hyperscalers and ISVs. We will help you rein in cloud spend while optimizing IT environments to deliver the outcomes that move your business forward.

FinOps Strategy & Assessment

A rapid assessment of seven core areas of Cloud FinOps, including integration with your existing operating model.

Outcomes include:

  • Recommendations for FinOps operating model and implementation roadmap
  • Alignment of cloud activity with business goals
  • Improve cloud operational efficiency to immediately drive cost savings

Cost Optimization Services

Highlights your current-state cloud optimization opportunities from both business and operational perspectives.

Outcomes include:

  • Cloud optimization recommendations around provisioning, reserved instances, savings plans, budgeting and forecast modeling. 
  • Business optimizations for cloud commitments and WWT resell programs (if applicable)

FinOps Process Improvement

Create automation policies, cost models and standard tagging taxonomy for your multicloud environment.

Outcomes include:

  • Allocation model for cloud costing and standard taxonomy for a multicloud environment.
  • Improve cost management allocation and showback/chargeback modeling capabilities.
  • If desired, WWT can implement an automation policy.
Start optimizing your cloud environments today.Talk to a Cloud FinOps expert