Keep control over the cloud spendings with FinOps services
On average, companies can lose up to about 20% of their annual cloud spending due to ineffective management of their cloud infrastructures. This loss stems from challenges in accurately allocating cloud costs, as companies often lack clarity on what, why, and who drives their cloud costs.
Financial cloud management, also known as FinOps, encompasses a range of expertise and practices designed to provide insights into cloud usage patterns, identify cost drivers, and implement efficient cost allocation strategies. This proactive approach not only optimizes cloud spending but also enhances overall financial management, driving greater value and efficiency in cloud operations.
FinOps Principles
- Foster a collaborative culture for cost optimization.
- Understand unit economics for strategic decisions
- Empower individual accountability for cost impact.
- Provide real-time cost data access.
- Centralize FinOps management for consistency and guidance.
- Leverage cloud’s variable cost model for savings.
How FinOps practices support companies across industries
- A leading customer data platform company managed to reduce its infrastructure costs by 30% despite increasing traffic volume by 25%, all within 6 months.
- An American ride sharing company cut costs by 40% in 6 months by implementing continues costs management practices.
- A global marketplace reduced cloud infrastructure storage costs by 27%.
- Online grocery store saved more than 60% on cloud spendings.
- A business intelligence software company saves $250,000 yearly by creating a Cloud Financial Management strategy.
Is FinOps right for me?
FinOps services are needed if you experience:
- Rising cloud costs
- Lack of visibility into cloud spending and as a result, inefficient resource allocation and utilization
- Failing to leverage cloud platform discounts and neglect periodic reviews to validate evolving application architectures
- No projections available regarding cloud utilization trends
- Stakeholders lack granular visibility and actionable insights into the cloud landscape
- Difficulty in identifying cost optimization opportunities
Why Intetics?
- Ability to maximize returns on any cloud, any platform, of any complexity.
- Established partnerships with leading cloud providers (AWS Advanced Tier Partner).
- Certified cloud experts worldwide, including AWS Certified Security, AWS Certified Database, AWS Certified Data Analytics, AWS Certified Solutions Architect, AWS Certified DevOps Engineer, Google Cloud Certified Professional Cloud Architect.
- 29 years of experience in Cloud and Managed Services.
- Proactive monitoring and regular reviews to ensure that cost optimization efforts remain effective over time.
- A wealth of expertise spanning numerous industries, showcasing a versatile understanding of the intricacies within each sector.
Results & Benefits
- Improved Security and Resilience by implementing enhanced security measures.
- Accelerated Time to Market. Speed up product and service delivery by optimizing cloud usage.
- Enhanced Cost Efficiency. Optimize cloud resources to match actual workload demand.
- Increased Commercial Value. Align cloud costs with business goals for enhanced value.
- Elimination of Wasteful Spending such as black holes and unutilized resources.
- Cultivation of Cost Accountability Culture among stakeholders.
- Utilization of Cloud Cost-Saving Models. Take advantage of cloud models like reserved instances, saving plans, and spot instances.
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