Cloud computing was originally pitched as a cost-savings alternative to traditional IT infrastructure. The concept was simple: only purchase what you need and adjust those resources up and down based on demand. This eliminated large up-front costs and made it possible to right-size the amount of compute and storage infrastructure based on a specific workload. While that might have been true in the beginning, CIOs are finding themselves in a different situation today.

Effective CloudOps teams can control costs, improve security, optimize resources, and provide superior services across their cloud environments. These teams can also leverage FinOps, the cross-functional cloud financial management discipline and cultural practice that promotes visibility and collaboration to help organizations manage, optimize, and predict their cloud spend.

Spot by NetApp is once again a leader and outperformer in FinOps, according to tech industry analyst firm GigaOm.

This week Lightrun attended the annual FinOps X event. The event was sold out and packed with great speakers, practitioners, and amazing atmosphere. Compared to last year which had over 300 attendees, this year the event brought over 1200! Above is a screenshot taken from the venue entrance reminding the audience with the core principles of FinOps.

In an uncertain and turbulent economy, organizations have made it a critical priority to ensure they are managing cloud spend to stay within their cloud budgets and efficiently optimize that spend while leveraging the cloud to achieve business growth.

Cloud tools are becoming indispensable for modern-day FinOps. They can improve efficiency and agility and deliver better client results. But what native cloud tools are right for you, and how can they benefit FinOps? Let’s find out. When managing financial operations in your organization, using native cloud tools is a must. Let’s take a closer look at some key advantages.

June 7, 2023 It’s no secret that Kubernetes is one of the fastest-growing technologies in use today for deploying and operating applications of all types in the cloud. It’s also no secret that Kubernetes’ popularity is a significant contributor to fast-growing cloud bills. FinOps teams are constantly looking for ways to lower their cloud spend, in cooperation with the DevOps, Engineering and App owner teams that control this infrastructure.

Missed our latest webinar on FinOps for MSPs? We’ve got you covered! This blog post will cover what the FinOps experts discussed and the main things to remember. FinOps are revolutionizing MSP operations by adding a data-driven approach to cost management. This method helps MSPs optimize their cloud usage, provide white-glove support to customers, and give visibility on their expenses.

Few areas of business have faced more pressure over the last three years than finance and supply chain teams. Yet most are stuck managing this upheaval with manual activities and processes that haven’t changed much since the last enterprise resource planning (ERP) implementation. The systems and tools these departments traditionally rely on lack the agility needed to excel in today’s business reality. That’s why we’re introducing ServiceNow Finance and Supply Chain Workflows.

One of the biggest issues related to large-scale cloud deployments is overspending. It’s no surprise that as organizations scale their cloud-native Kubernetes environments, the associated costs rise along with that growth. However, there is a disconnect between the rising expenses and how well businesses can accurately and effectively monitor and control costs in the cloud, across multiple clouds and in hybrid cloud environments.