FinOps services aim to tackle cloud financial management

LUCAS MEARIAN | March 1, 2019

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When companies move away from using data centers with fixed costs toward consumption-based spending in the cloud, they have to consider transforming their financial operating model.Enter FinOps (Financial Operations), a business management software-as-a-service designed to access and analyze the costs of public clouds such as Amazon Web Services (AWS), Google Cloud Services and Microsoft Azure to help enterprises better plan, budget and forecast future spending. What used to be simply called "cost optimization" is now in the process of being formalized within the industry. This week, a dozen companies that provide cloud services and FinOps SaaS announced the establishment of the FinOps Foundation, a nonprofit group whose founding members include Atlassian, Autodesk, Gannett, HERE Technologies, Nationwide, Spotify and Gannett.The organization's mission is to build a community of companies to exchange best practices and create standards for codifying and promoting cloud financial management.

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ET Solutions, LLC

Like a lot of IT teams, we’re tasked with delivering reliable services and applications while responding e¬ciently to the business needs of a growing company. We’re moving toward a virtualized data center, but the downside is that we’re struggling to manage the increasing complexity of our IT infrastructure. Legacy tools and point solutions have fallen short for us, leaving us buried under mountains of monitoring data. We need a management solution that will enable us to operate faster and scale our business. We compared Dell Foglight, SolarWinds, VMTurbo, and vRealize Operations and this is what we learned:

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Like a lot of IT teams, we’re tasked with delivering reliable services and applications while responding e¬ciently to the business needs of a growing company. We’re moving toward a virtualized data center, but the downside is that we’re struggling to manage the increasing complexity of our IT infrastructure. Legacy tools and point solutions have fallen short for us, leaving us buried under mountains of monitoring data. We need a management solution that will enable us to operate faster and scale our business. We compared Dell Foglight, SolarWinds, VMTurbo, and vRealize Operations and this is what we learned:

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