Where this helps you
We help organizations deliver value from FinOps, not only in the savings in money we make but also in enabling them to get more from their internal resources through the savings in time. Combining more money and more time with the technical flexibility to evolve in the cloud creates a very powerful combination to address:
Time & Capacity
Developers often have demanding workloads that revolve around critical operational tasks, ongoing maintenance, and innovation initiatives. Their primary responsibility is to develop and maintain technical solutions, which requires significant time and effort. With these time constraints, it becomes challenging for engineers to allocate sufficient time and attention to cloud rate optimization. FinOps and commitment management require thorough analysis, data gathering, and decision making, which can be time consuming. As a result, engineers may struggle to dedicate the necessary time to understand and optimize cloud costs.
Competing Priorities
In a fast-paced development environment, engineers frequently face competing priorities and pressing deadlines. They are often pulled in different directions, working on multiple projects simultaneously. These competing demands can divert their attention away from financial management of the cloud. The urgency to deliver features, fix bugs, or meet project milestones takes precedence over analyzing and optimizing cloud costs.
Complexity * Risk
Managing commitments is a specialized skill set that requires specific knowledge and experience. Engineers typically possess expertise in building and developing technical solutions rather than in financial analysis and optimization. Understanding commitments, analyzing pricing models, and effectively managing cloud costs require a deep understanding of cloud pricing structures, and optimization strategies. Engineers often face personal concerns regarding commitment lock-in and may feel uncertain about the potential savings that can be achieved through the various ways to buy commitments. Developing this expertise takes years, and as a result may lead to suboptimal savings results or unintended commitment lock-in resulting in wasting commitments and overspending.
You can learn more about how we support our customers in addressing common FinOps pain points here.