Enabling Multi-Cloud Optimization, Innovation and Scale through FinOps in Partnership with HCL (Canada)
In today’s cloud-first world, businesses are struggling to catch up to the variable nature of cloud spending. While Multi-Cloud —with its scalability and flexibility—is a great enabler of innovation and digital transformation – it brings in a whole new set of management challenges. Operational teams can procure new cloud services without visibility into services already underutilized. Or they can forget to take down services when they are no longer needed. As a result, cloud spending can spiral out of control, and organizations can fail to realize the cost savings promised from the cloud model.
In this complex new reality, the organization needs a common language to master the economics of cloud to drive value. FinOps is becoming the key to managing and optimizing these complex multi-cloud environments.
In this interactive panel discussion, we highlighted Canadian companies and explored:
- What is FinOps and how it brings financial accountability to manage tradeoffs between cost, quality, and speed.
- The elements of a FinOps platform, which provide visibility into all the key cost performance metrics across multiple cloud providers
- The critical role of FinOps professionals in managing the FinOps platform and recommending actions for optimizing enterprise cloud spending
- Best practices and lessons learned from successful implementations of FinOps