FinOps has the power to revolutionize cloud cost management and minimize the environmental impact of cloud computing by aligning AI innovation with rate and resource optimization. By itself, however, FinOps can only go so far. What’s the missing element for creating a forward-thinking, future-proof FinOps strategy?
A close-knit collaboration between FinOps and ITAM.
FinOps is an operational framework and cultural practice that empowers organizations to optimize cloud costs and secure the best returns on their cloud investments. ITAM provides asset visibility for accurate cost tracking and optimization. By aligning FinOps and ITAM data, teams shift the focus from cost to value, set budgets for more accuracy, build a holistic view of data for sustainability initiative and accomplish so much more.
Here’s another example—saving significant money and resources. Gartner® predicts that by 2026, organizations combining SAM and FinOps will report 60% less financial waste from software and cloud investments.
We invite you to download this complimentary Raconteur article so you can:
- Hear from Flexera experts about why FinOps teams need to expand their focus beyond the cloud
- Discover a "crawl, walk, run" approach to performing FinOps
- Understand the importance of FinOps and ITAM collaboration
- Nail the synergy between FinOps and AI and extend the benefits of that synergy to unit economics
- Explore the perpetual loop of cloud cost optimization
