As cloud spend and usage continues to rise, financial responsibility and reporting have never been more paramount. Over the past six years of the Flexera State of the Cloud Report, optimizing cloud spend has topped the list of cloud priorities for organizations. So a more mature approach is needed for the long term.
Enter Hybrid FinOps, a discipline that combines the core components of FinOps and extends it from being solely focused on public cloud spend to the full-stack tech spend, including software, SaaS and containers. This has been spurred on by the realization that software running on the cloud is often more expensive than the instance itself and can create compliance issues. To realize the many benefits of Hybrid FinOps, collaboration between ITAM and FinOps teams is crucial.
Join Flexera’s Tanner Luxner and guest speaker Forrester’s Tracy Woo as they dive into cloud market trends, what the future holds with this new approach, and the steps organizations can take to realize success on their Hybrid FinOps journey.