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Can you afford to do it?
Or, perhaps more pertinently, can you afford not to do it?
This dilemma has arguably never been as acute as it is today.
Managing Partner and Global Head of Wipro FullStride Cloud.
The cost management gap
But at what cost?
For me, this shift in focus from cost to value is the key to a successful cloud program.
Cloud economics can help businesses identify their own specific cloud goals and the actions necessary to achieve them.
This is an organizational changemanagementendeavor that requires the business to act in concert to achieve like-minded goals.
FinOps is a component of cloud economics that focuses on operational aspects.
What are the areas of extraneous cloud spending?
What areas need greater investment?
How can teams focus or redirect their cloud investments without disrupting business operations?
To answer these questions, FinOps uses a three-phase iterative approach: inform, optimize and operate.
OptimizeImplementing changes to optimize cloud consumption.
OperateIntegrating analysis and optimization into day-to-day operations, tracking the progress of cloud programs and adjusting as needed.
But this emerging cost management gap needs to be addressed.
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