Cloud Cost Optimization (FinOps)

With the support of GDECA consultants, customers can achieve substantial cost savings, often ranging from 15% to 30% on their AWS Cloud expenses while maintaining or improving performance, reliability and efficiency.

Practice Highlights

  • Cost Optimal Resources
  • Pricing Models & Account Structure
  • Monitoring & Insights
  • Decommissioning
  • Cost Governance

FinOps Domains

  • Understanding Cloud Usage & Costs
  • Performance Tracking & Benchmarking
  • Real-Decision Making
  • Cloud Rate Optimization
  • Cloud Usage Optimization
GDECA BLOG GRAPHIC FINOPS copy

INFORM

Collect all relevant data applicable to current cloud usage and spending.

OPTIMIZE

Analyze current usage and spend information highlighting areas to optimize spend through right-sizing, cost-optimal resources, pricing models, automation and decommissioning.

PLAN

Setup cost governance, monitoring, forecasts and alerts to maintain visibility and sustain in a cost optimized environment.

RUN

Maintain cloud cost optimization using data-driven decision making wrapped around a clear governance structure.

GDECA FinOps Capabilities

  • Cost Allocation (Metadata & Hierarchy)
  • Data Analysis & Showback
  • Managing Anomalies
  • Managing Shared Costs
  • Forecasting
  • Workload Management & Automation
  • Managing Commitment Based Discounts
  • Data Ingestion & Normalization
  • Cloud Policy & Governance
  • Tagging

A recent Gartner survey found that "through 2024, 80% of companies that are unaware of the mistakes made in their cloud adoption will overspend by 20% to 50%."

After successfully implementing Cloud Cost Optimization, consider allocating resources to establish a Corporate Fin Ops practice. This entails adopting Functional Ownership and Cost Culture, setting up a Cloud Cost Center of Excellence, promoting collaboration between Business, IT, and Finance departments, and implementing additional FinOps policies and principles.

Download Overview Of GDECA's Cloud Cost Optimization Approach

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