FinOps Professional | PM
+20 years of experience. DB infrastructure and cloud
Community Portal
Addressing FinOps
Lack of organizational awareness on cloud provider’s billing models & pricing.
Complex price lists across different silos/regions.
Complex deployment models across multiple public clouds.
Lack of standardization between different cloud providers
Extreme granularity/ambiguate in cloud providers bills.
Constant change in cloud provider offerings.
Ease of resource provisioning.
Complexity in forecasting, demand, and managing capacity
0%
Had experienced cost optimization challenges in the cloud
*Couldability – Financial Management Tool
Lack of organizational awareness on cloud provider’s billing models & pricing.
Complex price lists across different silos/regions.
Complex deployment models across multiple public clouds.
Lack of standardization between different cloud providers
Extreme granularity/ambiguate in cloud providers bills.
Constant change in cloud provider offerings.
Ease of resource provisioning.
Complexity in forecasting, demand, and managing capacity
0%
Had experienced cost optimization challenges in the cloud
*Couldability – Financial Management Tool
CapEx vs OpEx
0%
By 2025
A prediction that organization who don’t adopt FinOps services will overspend by 40% or more, on public cloud environment.
*Gartner
0
By 2025
A prediction that organization who don’t adopt FinOps services will overspend by 40% or more, on public cloud environment.
*Gartner
Why?
The new operating model introduced complicated factors
01
Decentralization
Finance & Procurement
vs All IT teams
02
A lot of variables
Fixed.
Variable spending became the norm
Very difficult to forecast budgets
03
On-demand
Overprovisioning
CapEx vs OpEx
0%
By 2025
A prediction that organization who don’t adopt FinOps services will overspend by 40% or more, on public cloud environment.
*Gartner
Why?
The new operating model introduced complicated factors
01
Decentralization
Finance & Procurement
vs All IT teams
02
A lot of variables
Fixed.
Variable spending became the norm
Very difficult to forecast budgets
03
On-demand
Overprovisioning
FinOps
An essential financial management discipline and cultural practice that allows organizations:
- Get maximum business value
- To collaborate (engineering, finance, technology and business teams)
- On data-driven spending decisions
This involves:
- Implementing processes and tools to track analyse and manage cloud costs
- Educating stakeholders on best practices for cloud cost optimization
This collaboration ensures:
- Alignment with business objective
- Cloud usage is optimized
- Overall cloud services is reduced
An essential financial management discipline and cultural practice that allows organizations:
Get maximum business value
To collaborate (engineering, finance, technology and business teams)
On data-driven spending decisions
This involves:
Implementing processes and tools to track analyse and manage cloud costs
Educating stakeholders on best practices for cloud cost optimization
This collaboration ensures:
Alignment with business objective
Cloud usage is optimized
Overall cloud services is reduced
Optimizing cloud costs without sacrificing performance or functionalities.
*Stakeholders shall speak the same language
FinOps
An essential financial management discipline and cultural practice that allows organizations:
- Get maximum business value
- To collaborate (engineering, finance, technology and business teams)
- On data-driven spending decisions
This involves:
- Implementing processes and tools to track analyse and manage cloud costs
- Educating stakeholders on best practices for cloud cost optimization
This collaboration ensures:
- Alignment with business objective
- Cloud usage is optimized
- Overall cloud services is reduced
An essential financial management discipline and cultural practice that allows organizations:
Get maximum business value
To collaborate (engineering, finance, technology and business teams)
On data-driven spending decisions
This involves:
Implementing processes and tools to track analyse and manage cloud costs
Educating stakeholders on best practices for cloud cost optimization
This collaboration ensures:
Alignment with business objective
Cloud usage is optimized
Overall cloud services is reduced
Optimizing cloud costs without sacrificing performance or functionalities.
*Stakeholders shall speak the same language
Pillars of FinOps
Accountability and enablement:Focuses on establishing a centralized cross-funcational team whose responsibility is to set governance and standards to manage cloud costs.
Cost optimization
Identifying key cost drivers, providing visibility, and making it a continuous process to constantly optimize cloud costs.
Tools and Accelerators
Using the right cloud cost tools to properly allocate and effectively track cloud spend.
Measurement and realizationDeveloping KPIs and business value matrics to track success of cloud transormation.
Planning and ForcastingCloud costs and deciding on a proper showback or chargeback mechanism
Pillars of FinOps
Accountability and enablement:Focuses on establishing a centralized cross-funcational team whose responsibility is to set governance and standards to manage cloud costs.
Cost optimization
Identifying key cost drivers, providing visibility, and making it a continuous process to constantly optimize cloud costs.
Tools and Accelerators
Using the right cloud cost tools to properly allocate and effectively track cloud spend.
Measurement and realizationDeveloping KPIs and business value matrics to track success of cloud transormation.
Planning and ForcastingCloud costs and deciding on a proper showback or chargeback mechanism
FinOps journey
High-level overview
Awareness – Inform
Identifying cost inefficiencies, tracking cloud spend, and understanding the business impact.
Optimization – Optimize
Implement cost management strategies and tools to optimize their cloud usage. This may include rightsizing resources, leveraging reserved instances, and implementing cost allocation and chargeback mechanisms.
Governance – Operate
Governance policies and processes to ensure compliance, security, and cost optimization. This may involve setting up cost centres, defining roles and responsibilities, and establishing policies around resource usage and access.
Culture – Operate
A culture of cost optimization and accountability within the organization. This may involve educating stakeholders about cloud costs, incentivizing cost optimization, and fostering collaboration between teams to drive efficiency and innovation.
It’s not a one-time activity, but rather an ongoing process of continuous improvement
Iterative Methodology. Knowledge is building. Real-time decision.
FinOps journey
High-level overview
Awareness – Inform
Identifying cost inefficiencies, tracking cloud spend, and understanding the business impact
Optimization – Optimize
Implement cost management strategies and tools to optimize their cloud usage. This may include rightsizing resources, leveraging reserved instances, and implementing cost allocation and chargeback mechanisms.
Governance – Operate
Governance policies and processes to ensure compliance, security, and cost optimization. This may involve setting up cost centres, defining roles and responsibilities, and establishing policies around resource usage and access.
Culture – Operate
A culture of cost optimization and accountability within the organization. This may involve educating stakeholders about cloud costs, incentivizing cost optimization, and fostering collaboration between teams to drive efficiency and innovation.
It’s not a one-time activity, but rather an ongoing process of continuous improvement
Iterative Methodology. Knowledge is building. Real-time decision.
SORINT’s Tailored Journey
SORINT’s Tailored Journey
Papagaio
Signature
Configuration
ThisCord
FleetCare
WeAreEthics
MyStuff
WeBio
Leaderboard
SORINT’s Tailored Journey
Where our team engage with organizations, and other stakeholders, to defined parameters such as awareness, commitment, defined sustainability processes, aspects of managing, and optimization.
In terms of operative, tactical, and strategical. Defining between immediate actions and over time ones.
Includes parameters of people and processes, facilities, technologies, and governance. Along with factors based on each case, project, and scope.
The scope of each area of focus is set in details. e.g. areas of DC facilities, energy procurement/ consumption, space, and cooling management.
A comprehensive proposal on what practices will be applied in each area of focus. A continuous activity throughout the project timeline.
A strategy is defined, transformation objectives are set, and an assessment is implemented to determine the current maturity level in Green IT adoption. Penetrating 10 areas through a pre-defined assessment.
Tools are introduced to foster sustainability culture and raise individual awareness through workshops, webinars, policies review, and related-communication plans.
Roles, responsibilities, and a multifunctional decision-making group are established to support and regulate the transformation plan.
Adequate reporting on consumption levels is provided to identify areas for intervention and track progress. Which will allow setting trackable KPIs and areas of improvement.
Sustainability parameters are integrated into the selection of products, technologies, services, and suppliers to ensure efficient components and influence the ecosystem.
SORINT’s Tailored Journey
Tagging policy creation and implementation
Mapping of costs divided by cost center / application / workgroup
Creation of consolidated reports
Sharing of cost reports with various work groups
Identification of anomalies
Workload Management Automation
License optimization
Check discounts suitable for the flexibility of the system.
Advance purchase of some resources
Monitoring metrics and KPIs
Internal benchmark and against competitors
Definition of a continuous process that allows the evolution of Cloud installations with respect to business objectives
SORINT’s Tailored Journey
Tagging policy creation and implementation
Mapping of costs divided by cost center / application / workgroup
Creation of consolidated reports
Sharing of cost reports with various work groups
Identification of anomalies
Workload Management Automation
License optimization
Check discounts suitable for the flexibility of the system.
Advance purchase of some resources
Monitoring metrics and KPIs
Internal benchmark and against competitors
Definition of a continuous process that allows the evolution of Cloud installations with respect to business objectives
SORINT’s Tailored Journey
Instantiated from
Every journey is a unique challenge, but our know-how:
Product owners, Scrum masters, and Project managers with technical and administrational background
Adopted Agile practices
To prominent entities in Europe, US, and Africa
Projects in 2022
Agile philosophy and
Scrum / Kanban practices
Hands-on knowledge on all
trending tools
SORINT’s Tailored Journey
Instantiated from
Every journey is a unique challenge, but our know-how:
Product owners, Scrum masters, and Project managers with technical and administrational background
Adopted Agile practices
To prominent entities in Europe, US, and Africa
Projects in 2022
Agile philosophy and
Scrum / Kanban practices
Hands-on knowledge on all
trending tools
Experts involved
Angelo Brenna
Fabio Zanchi
Database & Cloud Architect | FinOps Specialist | Ercole PM
+20 years of experience. DB infrastructure and cloud
Raffaello Ferrari
Database & Cloud Architect | FinOps Specialist | Ercole.io PM
7 years of experience. DB infrastructure and cloud
Prestigious Certificates
Other sircles and specialisations involved
FinOps
Awsome
Next Exterprise X Team (Next)
Microsof & Azure
Architecture – Closer Look
Understand Fullt Loaded Costs
- Map spending data to the business
- Set tag strategy and compliance
- Create showback and chargeback reporting
- Define budgets and forecasts
- Map spending data to the business
Optimize Usage
- Rightsizing
- Workload Management
- Automation
Enable Real Decision Making
- Provide timely and consistent spend / usage data to all stakeholders
- Identify Anomalies
- Find & Remove underutilized services
Otimize Usage
- Balance use of various rate types
- Select discounts that match your flexibility
- Pre-purchase capacity
- Custom and Volume Discounts / Sustained Usage
- Utilize Marketplace
- Licensing Optimization
Benchmark
- Trending & Variance Analysis
- Create Scorecards, metrics & KPI’s
- Benchmark internally and against “industry” peers
Align Plans to the Business
- Mini-Business Cases
- Tracking and Trending
- Communication strategy
- Ongoing reviews with stakeholders on optimization opportunities
- Develop a framework for decision making that aligns with the business drivers
Architecture – Closer Look
Understand Fully Loaded Costs
- Map spending data to the business
- Set tag strategy and compliance
- Create showback and chargeback reporting
- Define budgets and forecasts
- Map spending data to the business
Optimize Usage
- Rightsizing
- Workload Management
- Automation
Enable Real Decision Making
- Provide timely and consistent spend / usage data to all stakeholders
- Identify Anomalies
- Find & Remove underutilized services
Optimize Rates
- Balance use of various rate types
- Select discounts that match your flexibility
- Pre-purchase capacity
- Custom and Volume Discounts / Sustained Usage
- Utilize Marketplace
- Licensing Optimization
Benchmark Performance
- Trending & Variance Analysis
- Create Scorecards, metrics & KPI’s
- Benchmark internally and against “industry” peers
Align Plans to the Business
- Mini-Business Cases
- Tracking and Trending
- Communication strategy
- Ongoing reviews with stakeholders on optimization opportunities
- Develop a framework for decision making that aligns with the business drivers
Leading To
Manifestation of success
Cross-organizational trust
More predictable cloud spending
Reduced costs/spending
Accountability & auditability
Unit-based economics
Acceleration in innovation, lower failure cost
Leading To
Manifestation of success
Cross-organizational trust
More predictable cloud spending
Reduced costs/spending
Accountability & auditability
Unit-based economics
Acceleration in innovation, lower failure cost
Success Stories
Delivered by: SORINTians
Large Multinational Enterprise
Start a FinOps Journey
1) Challenge
Introduce FinOps
- Oracle cloud & Azure platform.
- 3 months evaluation.
2) Goind forward
Understanding and engaging stakeholders.
Tags and reporting became the primary focus.
3) Accepting the challenge – Solution and Implementation
Client had resources classified as “high variables”. Business units are subject to updates in their denomination.
- Adopted a tool for reading tags of resources.
- Real-time
Result & delivery (UTD)
- For 3 different applications.
- Actionable saving reports of, 26.7%, 9.5%, and 50.5%.
- New tagging strategy.
- Submitted reports. On environment,
cloud provider, company. Etc - Introduced periodic reports.
- Forecasting future cost.
Migration to Oracle Cloud. Applying FinOps
1) Challenge
Low performance datacenter premise.
- Hardware and software - performance issues.
- Increase security measures - cyber threats
- Supply to other hospitals – requirement.
2) Goind forward
Proposed 2 scenarios:
- Renovate the on-premise datacenter.
- Migrate to Oracle cloud.
- Oracle cloud up to 35% lower cost vs new hardware infrastructure.
- Oracle opportunity to update OS servers (Windows and Linux ) latest compatible version.
- A significant upgrade to security measures. E.g. Separated networks, dedicated VPN, and Infrastructure level.
- Advantages in scalability, security, flexibility, and integration.
3) Accepting the challenge – Solution and Implementation
In a proposal form:
- Analysis of business needs.
- Identification of stakeholders.
- Assignation of stakeholders responsibilities.
- Requirement elicitation.
- Preparation of processes workflow.
- Building a POC.
- Definition of product roadmap.
Result & delivery (UTD)
- Data-driven decisions and implementation.
- Control and successful migration.
- 10% more saving vs expected.
- Invested in Disaster Recovery Environment.
Success Stories
Delivered by: SORINTians
Large Multinational Enterprise
Start a FinOps Journey
1) Challenge
Introduce FinOps
- Oracle cloud & Azure platform.
- 3 months evaluation.
2) Goind forward
Understanding and engaging stakeholders.
Tags and reporting became the primary focus.
3) Accepting the challenge – Solution and Implementation
Client had resources classified as “high variables”. Business units are subject to updates in their denomination.
- Adopted a tool for reading tags of resources.
- Real-time
Result & delivery (UTD)
- For 3 different applications.
- Actionable saving reports of, 26.7%, 9.5%, and 50.5%.
- New tagging strategy.
- Submitted reports. On environment,
cloud provider, company. Etc - Introduced periodic reports.
- Forecasting future cost.
Migration to Oracle Cloud. Applying FinOps
1) Challenge
Low performance datacenter premise.
- Hardware and software - performance issues.
- Increase security measures - cyber threats
- Supply to other hospitals – requirement.
2) Goind forward
Proposed 2 scenarios:
- Renovate the on-premise datacenter.
- Migrate to Oracle cloud.
- Oracle cloud up to 35% lower cost vs new hardware infrastructure.
- Oracle opportunity to update OS servers (Windows and Linux ) latest compatible version.
- A significant upgrade to security measures. E.g. Separated networks, dedicated VPN, and Infrastructure level.
- Advantages in scalability, security, flexibility, and integration.
3) Accepting the challenge – Solution and Implementation
In a proposal form:
- Analysis of business needs.
- Identification of stakeholders.
- Assignation of stakeholders responsibilities.
- Requirement elicitation.
- Preparation of processes workflow.
- Building a POC.
- Definition of product roadmap.
Result & delivery (UTD)
- Data-driven decisions and implementation.
- Control and successful migration.
- 10% more saving vs expected.
- Invested in Disaster Recovery Environment.
Read More
No results found.
Read More
No results found.
We are all ears!
Welisten
24x7x365
Whether you have any doubts, interested to know more about our offerings, want more relevant case studies, would like to arrange a consultation, or don’t see what you are looking for here, we’d love to hear from you.
We are all ears!
Welisten
24x7x365
Whether you have any doubts, interested to know more about our offerings, want more relevant case studies, would like to arrange a consultation, or don’t see what you are looking for here, we’d love to hear from you.