Whitepaper 'FinOps and cost management for Kubernetes'
Please consider giving OptScale a Star on GitHub, it is 100% open source. It would increase its visibility to others and expedite product development. Thank you!
Webinar 'FinOps and cloud cost optimization for ML/AI workloads.' Register here →
Live Demo 'How to build a robust and fully-automated DR solution on OpenStack or OpenNebula.' Register here →
Ebook 'From FinOps to proven cloud cost management & optimization strategies'
OptScale — FinOps
FinOps overview
Cost optimization:
AWS
MS Azure
Google Cloud
Alibaba Cloud
Kubernetes
OptScale — MLOps
ML/AI Profiling
ML/AI Optimization
Big Data Profiling
OPTSCALE PRICING
Acura — Cloud migration
Overview
Database replatforming
Migration to:
AWS
MS Azure
Google Cloud
Alibaba Cloud
VMWare
OpenStack
KVM
Public Cloud
Migration from:
On-premise
Acura — DR & cloud backup
Overview
Migration to:
AWS
MS Azure
Google Cloud
Alibaba Cloud
VMWare
OpenStack
KVM

How to adopt FinOps principles at your company

Bare metal, private and public clouds are different not only in a way how your resources are provisioned and maintained, but in a way your procurement and financial departments should treat and deal with them.

Bare metal and private clouds in the majority of the cases are about CapEx, when companies purchase and upgrade hardware and software licenses in some cycles, lease space and power, and pay salaries to personnel. Public clouds are based on OpEx with monthly or annual bills and a mindset of leasing but not owning. If you are a small company, it’s not a big deal to adjust your processes, but for a huge company it’s a real pain: private clouds with CapEx, public with OpEx, engineering teams provisioning resources in multiple locations and without any limits in public clouds transforming into enormous bills, financial departments having on-premise and public resources and different accounting categories. All this is a big obstacle for cloud adoption across big companies and the reason they still prefer not to go hybrid cloud.

To eliminate the barrier, FinOps methodology was created and is actively developing nowadays with thousands of practitioners and enterprise companies as members and sponsors.

How to adopt FinOps principles at your company

FinOps is a process and a set of best practices to bring the following aspects to companies and stakeholders:

  1. Visibility  cloud spending transparency and forecasting
  2. Optimization  cloud expense optimization
  3. Control  an established process of monitoring and controlling cloud resources and their expenses
  4. Collaboration  FinOps is not about one person at a company but a constant collaboration between engineers and their managers, between R&D, Operations and Financial departments, CTO, CIO and VPs offices.

Here is a list of people (but not limited to just those positions) engaged in the FinOps process: CTO, CIO, VPs and Directors of Engineering / Ops / DevOps, CFO, financial controllers and analysts, Engineering managers, project managers and, of course, engineers who work directly with clouds.

Before we discuss the steps to adopt FinOps, let’s define the end goal — it is to build a transparent and defined process, when clouds are used in an optimal way from cost, performance, R&D and company goals perspective and money waste are set to minimum.

What needs to be done to build the FinOps at your company:

FinOps is a new term and the community is just developing but it’s the right move to help big companies adopt clouds in a smart, secure and transparent way. Start small and you will see positive results soon.

Nick Smirnov, CEO and Co-Founder

Nick Smirnov, CEO at Hystax

Enter your email to be notified about new and relevant content.

Thank you for joining us!

We hope you'll find it usefull

You can unsubscribe from these communications at any time. Privacy Policy

News & Reports

FinOps and MLOps

A full description of OptScale as a FinOps and MLOps open source platform to optimize cloud workload performance and infrastructure cost. Cloud cost optimization, VM rightsizing, PaaS instrumentation, S3 duplicate finder, RI/SP usage, anomaly detection, + AI developer tools for optimal cloud utilization.

FinOps, cloud cost optimization and security

Discover our best practices: 

  • How to release Elastic IPs on Amazon EC2
  • Detect incorrectly stopped MS Azure VMs
  • Reduce your AWS bill by eliminating orphaned and unused disk snapshots
  • And much more deep insights

How to build a robust and fully-automated disaster recovery solution on OpenStack or OpenNebula

Join our live demo on 20th 
March and discover how to build a DRaaS quickly for your company in just a few days.