Cloud optimization and cost governance
As cloud-native continues to drive innovation across the enterprise, optimization and governance are essential to strike the right balance between innovation and cost control, leading to sustainable, responsible, and successful long-term cloud adoption. FinOps represents a culture of collaboration among finance, operations, and engineering teams to manage cloud expenses effectively. According to McKinsey, by 2030, value drivers could enable the cloud to deliver more than 3 trillion dollars in earnings before interest, taxes, depreciation, and amortization (EBITDA) value across the Forbes Global 2000 companies [9]. The study also defines how enterprises can maximize cloud value captured across three dimensions:
- Rejuvenate: This dimension defines the potential value enterprises could derive from IT cost efficiencies across cloud spending, including application development, infrastructure, and maintenance. IT cost optimization involves optimizing...
