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Optimise your cloud costs with FinOps

Cloud Computing, Learning and Development

Cloud computing has transformed the landscape of IT, offering unparalleled flexibility and scalability. Yet, as organisations embrace the cloud, they also face a new challenge—managing unpredictable costs.

FinOps, short for Financial Operations, has emerged as the answer to this complexity, helping businesses decode the messages hidden in their cloud bills. But what exactly is your cloud bill trying to tell you?

Reading Between the Lines of Your Cloud Bill

An unexpected spike in your cloud bill might feel like an alert demanding your attention. Cloud services operate on a pay-as-you-go model, where every operation—from virtual machines to storage and data transfer—can add up quickly. If costs spiral out of control, it’s often due to underutilised resources, suboptimal configurations, or running workloads in more expensive regions.

FinOps empowers organisations to transform these cost challenges into opportunities for optimisation. This practice bridges the gap between finance, IT, and operations, ensuring every cloud dollar spent aligns with business objectives. FinOps is about more than just cutting costs; it’s about gaining value from your cloud investment. Gartner describes it as a process of continuous collaboration and improvement between different teams.

The Rise of FinOps: Turning Complexity into Opportunity

FinOps isn’t just a set of tools or cost-cutting measures—it’s a cultural shift. Traditionally, finance teams and IT departments worked in silos, but the cloud era demands collaboration. Real-time cost insights enable informed decision-making, allowing teams to innovate while keeping expenses in check.

The three core pillars of FinOps—visibility, optimisation, and governance—help organisations navigate the complexity of cloud costs. Visibility ensures every team understands and monitors their cloud spending. Optimisation focuses on rightsizing resources, implementing reservation strategies, and eliminating waste. Governance establishes policies and controls to maintain budgetary discipline and prevent runaway expenses.

For a detailed guide on FinOps best practices, check out AWS’s Cost Management resources and Microsoft’s Azure Cost Management documentation.

Why FinOps Matters Now More Than Ever

With tighter budgets and economic uncertainty, organisations must justify every penny of their cloud investment. FinOps transforms cloud spending from a reactive burden into a proactive business enabler, allowing for innovation without the fear of waste.

Getting Upskilled with AWS and Microsoft saves money

If you’re ready to take control of your cloud costs, upskilling in cloud financial management is a smart move. Bespoke Training offers a range of flexible AWS and Microsoft courses that can help your teams master FinOps best practices, understand cost management tools, and optimise cloud spend.

  • AWS Cloud Financial Management for Builders: This instructor-led course equips teams with cost management skills, covering tools like AWS Cost Explorer, AWS Budgets, and AWS Cost and Usage Reports. Learn how to monitor, control, and optimise your AWS costs for maximum impact
  • Microsoft Azure Cost Management and Billing: Gain insights into cost tracking and optimisation for Azure resources. This course focuses on using Azure’s Cost Management tools, setting budgets, tracking usage, and implementing policies for effective cost governance.

Bespoke Training’s instructor-led courses offer flexibility so that your team can be trained at a time and place suitable to the needs of your organisation. Upskilling will ensure your team is well-equipped to decode the messages your cloud bill is sending and drive financial efficiency. Don’t let unpredictable costs derail your cloud journey—embrace FinOps and gain clarity, optimisation, and control.

Contact Bespoke Training today to learn how our flexible AWS and Microsoft courses can help you master FinOps, optimise cloud costs, and align technical decisions with financial goals.

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https://www.bespoketraining.com/wp-content/uploads/2024/11/Blog-Cost-Optimisation-FinOps.png 630 1200 Fiona McEachran https://www.bespoketraining.com/wp-content/uploads/2017/03/Bespoke-aws-logo.png Fiona McEachran2024-11-19 07:14:502024-11-18 12:17:21Optimise your cloud costs with FinOps
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