Cloud Cost Management and Optimization [CCMO] is transforming from its conception phase to the early adopter stage, and the FinOps Foundation is at the forefront of its evolution.

A significant amount of cloud spending is wasted. According to one estimate, 35% of all cloud spend is wasted, and $62 billion is paid globally on cloud capacity that is never used. 

The cloud optimization operational model is only being developed so that companies can find information, tools, and best practices to manage their cloud cost while keeping spending aligned with the business requirements.

This cloud finance management white paper provides an up-to-date overview of the fundamentals of this emerging IT discipline, including:

  1. The state of the play in cloud adoption and FinOps realms with recent stats from the 2021 FinOps Report
  2. What is FinOps, it’s principles, core, and goals
  3. Successful cost spend management use cases: How FinOps adopters can save millions of dollars every year
  4. Cloud cost optimization best practices and techniques: from right-sizing and right-costing to license streamlining
  5. Algorithms for instilling a corporate FinOps culture by establishing an internal FinOps center of excellence or by hiring a cloud cost management expert

Is this CCMO white paper for you? Dev.Pro’s certified AWS and GCP engineers break it down:

You may find the information useful if:

  • Your company has transitioned or is transitioning from on-prem deployment to a hybrid one.
  • Your company has been receiving bills for multiple cloud services in different offices that are significantly higher than what you forecasted.
  • ​​You are developing cloud native workloads and want to control your cloud expenditure.
  • Your company is transitioning its workload from on-prem to the cloud.
  • Your company has seen an anomalous peak in cloud spending that you want to avoid in the future.
  • You need to sign or renegotiate a five or six-figure agreement for cloud services provision with a major vendor.
  • You are looking to hire a cloud cost monitoring and optimization company with proven experience in right-sizing and right-costing techniques.

While the level of complexity of the subject means that no single paper can cover the topic completely, the white paper offers the reader many answers, concepts, clues, and keys to further discoveries.

Download Cloud Cost Optimization White Paper
Cloud Cost Optimization White Paper