BRIGHT VELOCITY

Cloud changed the paradigm in so many ways. But the true opportunity is to accelerate business growth through the advantage of the cloud's immediacy, accessibility and a variable cost model, allowing us to innovate faster and with greater capital efficiency.

But, these very advantages have in turn decentralised and disrupted traditional cost controls and procurement models, leading to major cost inefficiencies. Businesses risk missing out on the benefits of their cloud investments, unless we take a new approach to how we manage them.

FinOps is not about saving money (though that can be an attractive by-product). Indeed, increasing cloud spend can drive more revenue, signal customer base growth, enable more product and feature release velocity, or even help shut down a data centre.

FinOps is about getting maximum business value from the cloud.

It's all about creating financial accountability and removing blockers, by enabling cross-functional, data-driven conversations about when, where and how to invest…

• Empowering engineering teams to deliver better features, apps, and migrations faster;
• Providing product teams with clear product profitability data to better direct cost efficiency efforts or new feature releases;
• Granting finance teams greater cost control and foresight of budget risks;
• Supporting procurement specialists to maximise vendor relationships;
• Enabling business leaders to drive digital transformation and innovation with precise investment controls and success metrics

Sometimes a business will decide to tighten the belt; sometimes it’ll decide to invest more. But now those decisions are data-driven, with a measurable alignment to business value.

What next?

We've reached a tipping point in the cloud era. Moving from Adoption, where we modernised the IT function, to Operation, where in order to spend efficiently and engage the wider business in maximising the true transformational opportunities now available, we must shift the orientation of IT from business enabler, to value creator.

Similarly, your cloud business partners must align their incentives to your objectives and make value creation, not consumption the core metric.

Bright Velocity combine cloud expertise, tooling and services to successfully implement and sustain a FinOps culture, which is core to a value-centric cloud operating model. We’d love to talk more…