In the era of multi-cloud adoption, the stakes have never been higher when it comes to managing
and aligning your cloud expenditures.
Embracing cloud services is a breeze, but mastering cloud spending can be problematic for
enterprises dedicated to extracting maximum value from their tech investments.
According to Gartner’s latest forecast, global spending on public cloud services is set to
skyrocket by 20.7% in 2023, reaching a staggering $591.8 billion. Meanwhile, Foundry’s Cloud
Computing Study for 2023 reveals that while reducing total cost of ownership ranks among the
top priorities for cloud computing initiatives, reigning in cloud costs is the ultimate hurdle that
can either accelerate or derail cloud adoption.
One of Excelien’s clients points out, “The cloud offers unparalleled potential for growth, but
costs can quickly spiral out of control.”
Navigating Uncharted Cloud Expenses
Worries about soaring cloud and distributed computing costs often leave organisations with two
crucial strategies for cost containment:
1. Optimise computing power to minimise expenses while achieving business goals.
2. Turn off cloud resources swiftly to save precious budgets.
Excelien experts say, “In the pursuit of speed and customer onboarding, cost efficiency can
sometimes take a backseat. Attempting to optimise costs after the fact, while simultaneously
managing operations and growth can become an uphill battle.”
Unleashing cost-efficiency and unleashing productivity hinges on the ability to meticulously
track cloud resource usage, workload execution, and the judicious deployment of available
CPUs.
These factors are central to the evolving realm of FinOps, a fusion of financial wisdom and
DevOps principles. According to the FinOps Foundation’s Technical Advisory Council, FinOps
empowers organisations to bring financial accountability to cloud spending by fostering collaboration among engineering, finance, tech, and business teams for data-driven spending
decisions.
With access to financial insights, organisations can make real-time decisions to optimise costs.
Engineers can now evaluate the financial implications of feature development and product
changes, aligning them with cost efficiency, just as they would fine-tune for performance or
uptime.
Bridging the Gap Between Cost and Performance
“To act upon cloud financial data effectively, it’s essential to attribute costs to the teams
responsible for spending. These teams are best positioned to leverage the cloud’s elasticity.” –
Excelien FinOps.
While all cloud providers offer some level of cost reporting, the complexity of managing
multiple cloud environments can make it challenging to consolidate and align cost and
performance insights across an enterprise. With advanced analytics, organisations can achieve
superior results in less time, extracting maximum value from their cloud investments.
Can you run analytics in the cloud? Absolutely. But will it deliver the performance you need?
For many, that’s the million-dollar question…”
Of course, we can help in all the above with a whole host of tools – Automated reports on where
cost savings are possible, management of payment methods to ensure you’re on the most cost-
effective instance possible, management of RIs to ensure you’re not overprovisioned, rightsizing
of containers.
Speak to Excelien, see how a 2-week PoC can deliver you a RoI report and show precisely what savings are possible.
