When analyzing a company as a whole, we can highlight investments, people and areas as active pillars. In this article, I’m going to talk about how one of these areas, Information Technology, can empower its processes through FinOps. Check it out!
IT, as it is popularly called, is becoming increasingly versatile and strategic, as the search for efficient and precise management of operational resources, such as the public cloud, has become a daily obligation.
FinOps: technology, high performance and optimized costs
In the context of the financial economy, one approach that is gaining prominence is FinOps – a practice that integrates finance and operations to optimize costs and maximize the value of technology investments.
This methodology has already been adopted by large companies in Brazil and abroad and makes it possible to manage the costs associated with the cloud.
But it’s worth noting that every change has an impact, but if it’s well applied, it can create a culture of financial responsibility that aligns all the company’s points of view.
In this sense, FinOps empowers IT teams to make informed decisions about investments, promoting operational solidity.
Competitiveness combined with cost control
FinOps is essential in a competitive age like ours, because it provides a detailed view of IT costs, allowing experts to identify where they are spending their resources.
A Flexera study found that 35% of cloud spending is wasted, indicating a great opportunity for optimization.
Initially, companies that adopted FinOps were able to significantly reduce this waste, making better use of their investments in technology.
However, before adoption, many of them operated over budget, but by understanding the power of financial sustainability, they are able to correct and reduce these figures significantly.
Continuous work beyond IT
By keeping up with good practices, IT focuses on monitoring management and analyzing data on an ongoing basis, adjusting its strategies and internal processes.
The rework previously reflected is replaced by the automation of repetitive tasks and the appropriate use of solutions, without excess.
However, the improvement provided by FinOps goes beyond the IT area, connecting other departments such as finance and even business.
This synergy prioritizes projects that really add value to the company, avoiding unnecessary investments and focusing on strategic initiatives.
Financial predictability now and in the future!
“Feet on the ground” is a popular term, but it reflects the predictability for companies that follow FinOps to the letter, as they strive to improve future spending and guarantee budgets with greater precision.
Therefore, IT investments continue to be aligned with the organization’s financial capacity to manage its cloud costs, reflecting the growing importance of this sustainable vision without losing competitiveness in the digital age.
By integrating finance and operations, information technology acquires visibility, control, optimization and predictability, fundamental elements for the successful transformation of the area.
Wevy’s FinOps: intelligent cloud management for your IT team
Wevy offers a specialized FinOps team to help with current demands and, of course, to create opportunities for sustainable growth.
Among its various actions, it assists in processes applied to public cloud management, in order to ensure that costs are optimized.
In a scenario of accelerated growth in cloud services and increased complexity in IT environments, our experts balance the routine of any organization that wants to remain competitive and innovative!
Here are some of the services we can guarantee for your operation:
- Contracted Server Management: Ensure that the server is sized for your needs.
- Application improvement points: Identify and correct flaws in the architecture in order to reduce infrastructure costs.
- Database Optimization: Maximize the efficiency and performance of your databases in order to reduce cloud costs.
- Identifying Possible Bottlenecks: Eliminate obstacles to the performance of your infrastructure.
- Cloud Cost Reduction: Ensure more assertive adjustments to reduce cloud costs.
- New Infrastructure Setup: Implement new infrastructures with expert advice.
- Disk Speed Matching: Ensure the ideal disk speed for your operation.
Finally, it’s important to emphasize that FinOps’ work must be continuous through recurring monitoring and analysis of the use and utilization of cloud resources, as well as to help implement new structures.
Medium-term analysis can produce further cost optimizations and help the company define better strategies for new services or for rebuilding or modernizing a particular application.
So, what are you waiting for to receive a complete analysis of your cloud operation?
