A new research study conducted by Foundry exposes what the most successful cloud cost management programs have in common, helping IT and financial leaders pinpoint FinOps approaches generating the highest savings. Here’s the bottom line: Partner with a provider for FinOps software and services and you’ll save 20% on average.Apply AI to your FinOps practice…
While most business leaders know their cloud costs are rising, far fewer are aware of the one small detail that can make a 5X difference in the price they’ll pay to lower those costs. Can you guess what it is? A 2024 research study of 500 IT departments and cost management programs reveals the answer,…
In ancient times, tools were made from readily accessible natural materials — think stone axes, wrought iron nails, and grinding stones. Sure, these tools got the job done, but not without a lot of manual work. Fast forward to today, and we find that the majority (57%) of companies are using native tools to power…
Can you use the data from your cloud service provider’s dashboard to reduce costs and enhance the utilization of your infrastructure resources? Sure, but it often demands substantial effort and doesn’t always deliver optimal results. There’s a huge difference between cloud data transparency – simply seeing your services and costs – and true data observability…
A new surge of enthusiasm surrounds a strategic framework poised to simplify the management of cloud expenses and help companies lower their IT costs — it’s called FinOps, a portmanteau of the words Financial and DevOps. While this methodology is praised for instilling financial governance, its principles can be extended far beyond just cloud infrastructure…
Generative artificial intelligence (GenAI), hyper-automation, and advanced algorithms all have one thing in common – they are energy-demanding technologies requiring reliable network platforms to operate efficiently. However, this can lead to unexpected and unnoticed increases in cloud infrastructure expenditures – bloating costs at a time when cloud spending is already intense: Cloud services command a…
Cloud doesn’t just open the door to enabling advanced technologies like AI, hyper-automation, and big data analytics – it unlocks a complex realm of costs and expense management problems that can threaten innovation and its financial sustainability. A recent study of IT decision makers peels back these trends: Cloud visibility is all but missing: 86%…
Innovation remains critical with a staggering 94% of tech executives increasing their IT spending. But more spending requires a keen oversight of assets, expenses, and returns. Where do innovation funds flow? How effectively are new resources utilized? Is your legacy tech portfolio streamlined? How can IT waste be funneled into new investments? Without comprehensive visibility…
Hyper-automation to reduce your cloud costs. It’s not on the horizon – it’s already here. Artificial intelligence is being infused into FinOps practices and cloud cost management platforms. The result? Fewer manual tasks and more cost savings. Research shows companies that activate their FinOps model using AI are 53% more likely to achieve a cost…
It used to be technology was just another utility, on a similar level to an enterprise’s plumbing or electricity. Now, technology fuels pretty much every critical business service for every company in every industry. Technology is inextricably bound with the business. Without technology, business stops. Without technological innovation, the business stands still. However, while the…