CIO Business Intelligence

NOVEMBER 18, 2022

To optimize cloud investments, C-level executives are increasingly adopting cloud financial operations (FinOps). In this article, I’ll explore common cloud optimization and FinOps challenges and strategies for overcoming them. This requires adopting the right FinOps tools, processes, and people.

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

CIO Business Intelligence

SEPTEMBER 5, 2023

Much of this should ring a bell for those familiar with FinOps because much of the methodology is similar and the goal is the same: ensure cost data is accessible to the people who need to see it and that teams see how costs map to individual business units so they can make value-based decisions. Cloud Management

IT 98

IT Digital Transformation Data-driven Business Analysis 98

CIO Business Intelligence

OCTOBER 17, 2023

The emergence of low-code, no-code solutions has made it easier for non-IT staffers to build simple applications. FinOps gains traction and tools During the pandemic, there was a “mad dash” of enterprises shifting workloads to the cloud in order to make them more easily accessible to remote workers.

Marketing 144

Marketing IT Cost-Benefit Enterprise 144

IBM Big Data Hub

JANUARY 10, 2024

However, rising costs due to diverse IT environments led to the emergence of FinOps, focusing on expense monitoring and control. Typically, DevOps initiates requests, scrutinized by CloudOps, NetOps, SecOps and FinOps teams. Various personas in application deployment have introduced highly complex workflows.

Enterprise 72

Enterprise Data Processing Management Technology 72

CIO Business Intelligence

JUNE 26, 2023

Apptio specializes in what has been called technology business management (TBM), or more recently, financial operations (also known as finops ) software, designed to allow diverse teams in a business manage IT costs. IBM is acquiring software provider Apptio for $4.6

Optimization 92

Optimization Cost-Benefit IT Consulting 92

IBM Big Data Hub

JUNE 26, 2023

Operationalize FinOps Today, you have seemingly endless options on where your IT systems and applications live—in the cloud, on-prem and even on the edge. To address this waste, consider implementing FinOps (Finance + DevOps). Plus, we have practical next steps to guide your AIOps journey.

Digital Transformation 56

Digital Transformation Cost-Benefit ROI Data-driven 56

IBM Big Data Hub

NOVEMBER 10, 2023

But there’s another option: cloud management platforms and FinOps to better manage costs. In this blog, we’ll look at five simple ways to optimize spend with IBM Turbonomic — a hybrid cloud cost optimization platform and the “Ops” in FinOps — while still leveraging the elasticity of the cloud.

Optimization 75

Optimization Machine Learning Interactive Management 75

CIO Business Intelligence

OCTOBER 23, 2023

“Too often they still just think business [needs], and they may not extend beyond that,” he says, adding that becoming customer-centric also requires more than delivering point solutions aimed at improving individual customer touchpoints. In short, Jain says, “FinOps will help you focus on the right cloud architecture and design.”

IT 137

IT Consulting Scorecard Key Performance Indicator 137

CIO Business Intelligence

NOVEMBER 14, 2023

“The reality is, the cloud has a vast array of options, and there really is no one-size-fits-all solution,” says Ben McIntyre, vice president of enterprise solutions and architectureatMerchant’s Fleet. Some IT leaders tout the benefits of building FinOps capabilities early on to enable greater cost transparency.

Strategy 145

Strategy Cost-Benefit IT Key Performance Indicator 145

IBM Big Data Hub

AUGUST 16, 2023

Like other IT expenditures, cloud costs can skyrocket and threaten ROI without the right cloud management solutions. Take a disciplined financial operations (FinOps) approach to managing expenditures Organizations that migrate to the cloud must embrace financial management as a core component of cloud optimization.

Cost-Benefit 69

Cost-Benefit Data Processing Optimization Software 69

CIO Business Intelligence

NOVEMBER 2, 2023

Awareness of FinOps practices and the maturity of software that can automate cloud optimization activities have helped enterprises get a better understanding of key cost drivers,” McCarthy says, referring to the practice of blending finance and cloud operations to optimize cloud spend.

Strategy 140

Strategy Data Processing Experimentation Optimization 140

CIO Business Intelligence

DECEMBER 5, 2023

FinOps is gaining popularity as a framework for maximizing cloud investments , adds Upchurch of SAS. That means making internal customers justify why existing IT spend on solutions won’t meet their business needs,” he says. In addition, this leads to simplified management and governance that can further reduce IT costs.”

IT 138

IT Cost-Benefit Digital Transformation ROI 138

IBM Big Data Hub

DECEMBER 19, 2023

This stage focuses on integrating cross-functional teams (such as security, compliance and FinOps) through automation, tooling, codified patterns or self-service options. Enlist enterprise records teams to study a set of data classification and retention patterns and enlist FinOps teams to assess for appropriate tagging and quota adherence.

Testing 82

Testing Enterprise Modeling Software 82

CIO Business Intelligence

APRIL 6, 2022

Addressing how to maximize the value of every dollar spent in cloud will be Jennifer Hays, SVP of engineering efficiency and assurance at Fidelity Investments , along with FinOps Foundation Executive Director J.R. Check out the full summit agenda here. The event is free to attend for qualified attendees. Don’t miss out – register today.

B2B 130

B2B Strategy Digital Transformation Software 130

CIO Business Intelligence

JUNE 20, 2023

This approach provides a foundation from which IT and business teams can ensure that the necessary solutions are in place to control, secure, and store data in compliance with relevant regional, national, and (where applicable) international laws and guidelines.

Technology 94

Technology Digital Transformation Uncertainty Enterprise 94

CIO Business Intelligence

FEBRUARY 14, 2024

It also means many more machine identities to manage, says Murali Palanisamy, chief solutions officer at IAM platform provider AppViewX. At the beginning of 2023, Gartner reported only 15% of organizations already have data storage management solutions that classify and optimize data. But that might be changing.

IT 143

IT Metadata Data-driven Management 143

CIO Business Intelligence

APRIL 6, 2022

To maximize ROI, organizations must think innovatively by adopting new practices like Agile for work effort management and DevOps for rapid provisioning of business solutions into the cloud. Compliance is Not an Afterthought. Cloud, finance and procurement teams should work together to weigh cloud costs against benefits.

Cost-Benefit 52

Cost-Benefit Risk Data-driven ROI 52

CIO Business Intelligence

FEBRUARY 12, 2024

Technology business management (TBM) broadened the scope to help align resources with business goals, followed by FinOps which organizations use to track and optimize cloud software spending. 1 And even with top-notch FinOps execution, organizations still find that up to 30% of all cloud spending is wasted, according to IDC.

Cost-Benefit 117

Cost-Benefit Optimization Software Strategy 117

IBM Big Data Hub

FEBRUARY 14, 2024

McDonald’s is building AI solutions for customer care with IBM Watson AI technology and NLP to accelerate the development of its automated order taking (AOT) technology. For example, Amazon reminds customers to reorder their most often-purchased products, and shows them related products or suggestions.

Cost-Benefit 89

Cost-Benefit Insurance Unstructured Data Machine Learning 89

AWS Big Data

FEBRUARY 15, 2023

QuickSight provides modern interactive dashboards that enable fast time-to-insights and have features that allow for the easy embedding of dashboards into web applications linked to a customer’s single sign-on (SSO) solution. About the Authors Frank Contrepois is the Head of FinOps at Strategic Blue.

Reporting 62

Reporting Dashboards Optimization KPI 62

IBM Big Data Hub

AUGUST 28, 2023

Better application and system performance through observability AI-powered observability solutions deliver advanced monitoring to provide you with the context you need to resolve incidents faster. Watch the video: FinOps for trustworthy cloud automation. Read the guide: Accelerating FinOps and Sustainable IT.

Cost-Benefit 63

Cost-Benefit Data Processing Optimization Metrics 63

AWS Big Data

NOVEMBER 15, 2023

BMW Cloud Efficiency Analytics (CLEA) is a homegrown tool developed within the BMW FinOps CoE (Center of Excellence) aiming to optimize and reduce costs across all these accounts. In this post, we explore how the BMW Group FinOps CoE implemented their Cloud Efficiency Analytics tool (CLEA), powered by Amazon QuickSight and Amazon Athena.

Dashboards 93

Dashboards Analytics Metadata Optimization 93

IBM Big Data Hub

JANUARY 30, 2024

Referred to as a centralized cloud management platform (CMP), this dynamic, secure multicloud management solution allows IT teams to build, manage, monitor and govern their multicloud ecosystems. Cloud automation solutions create a software layer that runs on top of virtual machines (VM) in either public or private cloud settings.

Strategy 101

Strategy Cost-Benefit Risk Optimization 101

IBM Big Data Hub

MAY 25, 2023

We’ll show you how AI-powered solutions can help your IT staff move from a “break-fix” approach to one that’s more predictive and proactive, designed to address dynamic challenges, deliver faster problem remediation, provide bottom-line benefits to your organization and help you achieve digital transformation.

Cost-Benefit 77

Cost-Benefit Digital Transformation Optimization Data-driven 77

AWS Big Data

JUNE 9, 2023

Amazon EMR is the industry-leading cloud big data solution, providing a collection of open-source frameworks such as Spark, Hive, Hudi, and Presto, fully managed and with per-second billing. According to a CNCF and FinOps Foundation survey , 68% of Kubernetes users either rely on monthly estimates or don’t monitor Kubernetes costs at all.

Reporting 93

Reporting Optimization Measurement Digital Transformation 93

CIO Business Intelligence

SEPTEMBER 20, 2023

Over the years we’ve been working with business intelligence (BI) tools, and then incorporating other big data solutions outside of traditional BI, and, later, adopting advanced analytics. In any case, the core will be the last thing we take to the cloud, as well as the data and integration part, and other satellite solutions.

Modeling 98

Modeling Insurance IT Cost-Benefit 98

CIO Business Intelligence

JUNE 29, 2022

So dedicated cloud solutions are here to address that. On cloud economics: By 2023, 80% of organizations using cloud services will establish a dedicated finops function to automate policy-driven observability and optimization of cloud resources to maximize value. You still need to understand your inventory. Subscribe today !

Cost-Benefit 97

Cost-Benefit Data-driven Digital Transformation Manufacturing 97

CIO Business Intelligence

MAY 24, 2022

One is a governance layer that includes activities such as financial operations — also known as FinOps — to control costs and manage budgeting for the cloud. Without foundational skills, the teams could risk implementing solutions where cloud services already exist.”.

Optimization 109

Optimization Cost-Benefit Enterprise Consulting 109

CIO Business Intelligence

JANUARY 26, 2023

Cloud cost managers are the solution. Densify’s FinOps tool generates extensive reports to help keep application developers and bean counters happy. Many of the tools are customer-facing solutions like IT automation, but there are also more backend tools for optimizing IT operations by intelligently managing performance.

Management 113

Management Forecasting Dashboards Optimization 113

AWS Big Data

JULY 14, 2023

Amazon Finance Automation (FinAuto) is the tech organization of Amazon Finance Operations (FinOps). Its mission is to enable FinOps to support the growth and expansion of Amazon businesses. Within FinOps, we can curate more than 300 datasets and consume many more raw datasets from dozens of systems.

Finance 81

Finance Metadata Big Data Recreation/Entertainment 81