With the best practices of the FinOps Framework, your organization will truly get the most out of Azure. Because to fully benefit from the cloud, a structured approach to cost optimization is extremely important. But what exactly is FinOps? And how does it help to keep your cloud costs under control? Ken Kenis, our expert in Cloud Financial Management, will tell you all about it.
Tue, 27 September 2022
Financial Operations, or simply FinOps, provides a detailed roadmap and practical recommendations for resource management and cost optimization in the cloud. By using the FinOps principles, you ensure that your cloud infrastructure operates more efficiently and that you are never faced with unexpected costs.
But why has FinOps suddenly become so important? We're more than happy to tell you everything you need to know.
Azure, like many other cloud platforms, has a variable consumption model. And that brings a lot of extra flexibility. But also a completely different mindset. In the past, developers and engineers worked within a very strict framework. And they had to request IT services through financial approval flows. In the cloud, those flows have become a lot more dynamic, but also much less visible.
That's why FinOps was created: to ensure that variable Azure costs remain under control. And that unnecessary resources wouldn't generate additional consumption costs. By using the FinOps principles, you can extract the maximum value from your cloud environment. But how do you get started? Our approach, based on the
First, we thoroughly examine your application environments, consumption models, and resource usage through our Azure Cost Analysis. In doing so, we primarily focus on the uptime of your resources, the structure of your environment, and your current reports.
Next, we determine, together with you, which elements of your Azure infrastructure are eligible for cost optimization based on scale, scope, and complexity. With those action items, we then get to work.
If you notice after the cost analysis that our solution is not quite suitable for your organization, then you pay absolutely nothing. And together we will look for a new strategy that fits better.
Once your optimization strategy is fine-tuned, we refine your Azure environment down to the last detail. And to ensure you're fully up to speed with the changes, we guide you from start to finish through our FinOps Workshops.
Do you prefer to take control yourself? With a few
And what if your environment works optimally in Azure? You still have plenty of work ahead! Because tracking your Azure costs is best done regularly. And to support you as best as possible, we are happy to provide you with the necessary advice through our Cloud Custodian Advise service.
Ready to make your Azure environment more cost-effective? With our customized FinOps services, you'll soon be taking full advantage of the financial flexibility of the cloud.
At everyoneINVESTED, it's all about one thing: helping banks and financial organizations to evolve their customers from savers to loyal investors. And to achieve that, they focus primarily on online banking. But of course, this brings its own set of challenges, especially in terms of IT. That's why we worked together with Flowfactor to find an optimal cost solution for their Azure environment.
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