As cloud adoption grows, so do the challenges of managing costs effectively. 💡 ☁️ Cloud environments offer scalability and flexibility but often come with hidden fees, unpredictable expenses, and resource sprawl that can quickly inflate budgets. Without the right tools and strategies, businesses may struggle to track spending, identify waste, and maintain budget alignment. 🎙️ In this episode, George Firican, Founder of LightsOnData, speaks to Rem Baumann, Resident FinOps Expert at Vantage, about usage-based reporting and its benefits. 🎧 Listen now: https://lnkd.in/e3Aw7RFg #Cloud #CloudData #Data #DontPanicItsJustData
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🌐 Key Metrics for Cloud Cost Visibility & Transparency🌐 In FinOps, visibility is the foundation of smart cloud spending. But with so much data, what should teams focus on? Here are three essential metrics for cloud cost visibility: 1. Cost Per Service📊 – Knowing the cost of each service helps identify high-cost areas and prioritize optimization. 2. Idle & Unused Resources ⚙️ – Track resources that aren’t actively contributing value; eliminating these can lead to significant savings. 3. Spend Trend Over Time 📈 – Seeing monthly or quarterly spend trends reveals patterns and helps teams spot anomalies or unexpected costs early. At CloudSibyl, we empower teams to go beyond the basics, giving them real-time access to the metrics that matter. With the right data, visibility becomes a powerful tool for managing and forecasting cloud costs effectively. How does your team stay on top of cloud costs? Let’s discuss the best metrics and practices for building cloud cost clarity! 🌩️ #FinOps #CloudCostManagement #CostVisibility #CloudSibyl #KeyMetrics #CloudFinance
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I am very excited to share that I will be speaking at DevOpsCon NYC on Oct 9th! In today’s digital world, cloud computing is central to driving business innovation and growth. However, without effective cost management, high cloud expenses can become a significant challenge, impacting sustainable development and your competitive edge. I’ll be diving into why cloud cost management is crucial and sharing strategies to help you optimize your cloud expenditures, avoid cost overruns, and align spending with your business objectives. You’ll gain actionable insights on using cloud cost management tools, setting up robust cost governance frameworks, and creating a cost-aware culture within your organization. I hope to see you there! #CloudComputing #CostManagement #BusinessGrowth #TechInsights
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Are you ready to take your cloud billing strategy to the next level? Let's talk about why harnessing your cloud billing data is an absolute game-changer. Here's the deal: Your cloud billing data isn't just a bunch of numbers – it's a goldmine of insights waiting to be uncovered. By delving deeper into this data treasure trove, you can unlock a world of opportunities to optimise your operations, reduce costs and drive sustainable growth. One compelling reason to do more with your cloud billing data? It's all about strategic decision-making. When you have a clear understanding of your usage patterns, spending habits and cost drivers, you're empowered to make informed decisions that align with your business objectives. Imagine being able to anticipate future costs, identify areas of overspending and optimise your resources accordingly. With the right insights at your fingertips, you can proactively adjust your cloud infrastructure, allocate resources more efficiently and ultimately maximise your ROI. But here's the important issue; today businesses simply can't afford to fly blind when it comes to cloud billing. Clients don't want to experience bill shock: that sudden, unexpected spike in cloud costs that can wreak havoc on budgets and bottom lines. By leveraging your cloud billing data you can avoid bill shock altogether and maintain financial stability with ease. Dive into your cloud billing data today and unlock the full potential of your business. The possibilities are endless! https://www.opexx.ai/ #cloudbilling #datainsights #strategicdecisionmaking #innovation #business #future #ITleaders
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By focusing on quantifiable business value, cloud architects help organizations fully harness cloud computing’s transformational potential, much like CFOs who navigate and optimize financial landscapes. In a world where economic performance is paramount, the ability to think like a CFO could be the key to cloud architecture success. Read here: https://hubs.la/Q02QYkYC0
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Managing cloud computing costs is a pressing challenge faced by organisations of all sizes across industries. ☁ As businesses increasingly migrate their operations to the cloud, the complexity of managing and optimizing costs grows exponentially. Without proper oversight and strategy, cloud expenses can quickly spiral out of control, leading to budget overruns and financial inefficiencies. 💡 Vantage addresses this issue head-on by providing organizations with a powerful platform equipped with automated cost recommendations, customizable reports, and real-time monitoring capabilities. By leveraging advanced analytics and machine learning, Vantage empowers teams to gain unparalleled visibility into their cloud spending and make informed decisions to optimize costs. 🎙 In this episode of the EM360 Podcast, Dana Gardner, Principal Analyst at Interarbor Solutions speaks to Ben Schaechter, CEO and Co-founder of Vantage, to discuss: 👉 Cloud cost management 👉 FinOps 👉 Cost optimization 👉 Automated cost recommendations 🎧 Listen now: https://lnkd.in/dwixm3Mq #data #cloud #cloudcostmanagement
FinOps Fundamentals: Exploring Cloud Cost Management with Vantage
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Fragmented data and complex billing structures make cost control a constant battle. This blog post explores the challenge of multi-cloud cost management, and how FinOps solutions can help: https://lnkd.in/eC8hjqMN Take control of your cloud spending and optimize your cloud investment: • Consolidate Cloud Data: Gain a unified view of your cloud spending across all platforms, eliminating information silos. • Advanced Analytics: Leverage powerful tools to identify hidden costs and optimize resource allocation. • Streamlined Budgeting: Develop a consistent and accurate approach to budgeting for your multi-cloud infrastructure. #cloudcost #finops
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Hey LinkedIn Family! Slash Your Cloud Bill: Mastering Cloud Cost Optimization (Share & Discuss!) Are you ready to take control of your cloud spending? Cloud computing offers immense scalability and agility, but managing costs effectively is crucial. This post dives into key strategies for cloud cost optimization, empowering you to: Reduce unnecessary expenses: Identify and eliminate wasteful spending on underutilized resources or inefficient configurations. Optimize resource allocation: Rightsize your instances to fit your actual needs, avoiding over-provisioning. Leverage automation: Automate tasks like scaling or shutting down resources during off-peak hours to maximize efficiency. Embrace cost-saving tools: Utilize built-in cloud cost management tools and explore options like committed use discounts or reserved instances. Track and monitor costs: Gain real-time insights into your cloud spending with detailed reports and cost allocation tools. By implementing these strategies, you can achieve significant cost savings while maintaining the benefits of the cloud. #cloudcomputing #costoptimization #finance #devops #efficiency #share
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🌐 Why Accurate Cloud Cost Forecasting is Critical for Your Business 🌐 In the world of cloud computing, managing costs can feel like a never-ending challenge. That’s where cloud cost forecasting comes in—giving you the power to predict your cloud spend and make strategic decisions that save money. To help you do so, here are a few tips: 📊 1. Understand Your Cloud Usage Start by gaining a deep understanding of your usage patterns. Analyze current workloads, application demands, and seasonal peaks. This helps ensure your forecast is grounded in reality. 🔄 2. Embrace Variable Costs Unlike traditional IT infrastructure, cloud costs are variable. That’s why it’s important to account for dynamic resources like auto-scaling workloads, Spot Instances, and fluctuating storage. These can significantly impact your forecast. 📈 3. Use Historical Data Past data is your best friend. Examine trends in your cloud spend over the past 6-12 months to identify spikes and dips. This allows you to anticipate similar patterns in the future. ⚙️ 4. Leverage Automation Tools Manual forecasting can be error-prone. By using automated tools that monitor your usage in real-time and predict future costs, you can drastically improve the accuracy of your forecast. 💡 5. Collaborate with FinOps Teams Collaborate with FinOps experts to ensure your financial model aligns with the technical realities of your cloud environment. This synergy is key to ensuring your forecast is actionable and cost-effective. Mastering cloud cost forecasting isn’t just about avoiding surprise bills—it’s about optimizing your cloud spend for the future. Start by laying the foundation with accurate data and real-time monitoring to ensure your cloud strategy is as cost-efficient as possible. #CloudCosts #FinOps #CloudOptimization
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Fragmented data and complex billing structures make cost control a constant battle. This blog post explores the challenge of multi-cloud cost management, and how FinOps solutions can help: https://lnkd.in/dTcxCgPQ Take control of your cloud spending and optimize your cloud investment: • Consolidate Cloud Data: Gain a unified view of your cloud spending across all platforms, eliminating information silos. • Advanced Analytics: Leverage powerful tools to identify hidden costs and optimize resource allocation. • Streamlined Budgeting: Develop a consistent and accurate approach to budgeting for your multi-cloud infrastructure. #cloudcost #finops
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Transform Your AWS Cost Management with Umbrelly Cloud Managing AWS costs can be a challenge, but Umbrelly Cloud makes it effortless. Discover how you can achieve substantial savings and streamline your cloud expenses. Introducing Umbrelly Cloud Umbrelly Cloud is designed to help businesses navigate the complexities of AWS billing. It offers a comprehensive suite of tools to monitor, analyze, and optimize your cloud expenditures. Core Benefits: Detailed Cost Analytics: Break down your AWS costs by service, project, or team for precise tracking. Optimization Strategies: Implement automated recommendations for cost-saving measures. Budget Control: Set budgets and track spending against them to avoid surprises. Why It Matters: Real Savings: Customers report saving up to 50% on AWS expenses through effective resource management. Time Efficiency: Automate cost management tasks and focus on core business activities. Strategic Insights: Use predictive analytics to plan and allocate cloud resources efficiently. #AWS #CloudCostManagement #UmbrellyCloud #Savings #CloudComputing
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💡 Award Winning Data Governance Leader | DataVenger | Founder of LightsOnData | Podcast Host: Lights On Data Show | LinkedIn Top Voice 2024
6dThank you to Paulina Rios Maya for making this happen.