Current State Assessment

FinOps, which stands for Financial Operations, involves enhancing cloud spending efficiency by promoting collaboration among engineering,  finance, technology, and business teams. We conduct FinOps Current State Assessment across all these areas to guage understanding, assess gaps and recommend best practices.

Our FinOps team can conduct detailed review of your current FinOps setup. We look at all aspects of Finance and Technology to provide customized recommendations and create a strategic plan for your organization. Our comprehensive evaluation plan includes optimizing cloud costs, resource utilization, and labeling practices within an organization’s Cloud environment

We conduct FinOps Current State Assessment for your organization by reviewing the following areas.

  1. Evaluate the existing data accessible via the Billing console.
  2. Evaluate current vendor agreement, and current forecasting, and budgeting plan
  3. Evaluate costs in comparison to industry benchmarks. Analyze cloud unit costs, and perform a cost benefit analysis
  4. Setup billing data and data pipeline for analysis
  5. Evaluate current CUDS setup including total spend covered by CUDS
  6. Evaluate compute engine for GKE and CPU utilization and unused resources
  7. Evaluate cloud Storage and Disk utilization
  8. Evaluate cloud SQL utilization
  9. Evaluate cloud Logging utilization and quantify wasteful logs
  10. Evaluate Google Big Query and Big Table utilization and provide visibility on wasted analysis and data
  11. Evaluate current labeling specification and coverage. What percentage of GCP resources are labelled
  12. Evaluate the current project to team mapping
  13. Evaluate all current FinOps reports used by the organization

 

After evaluating the current situation, we can offer customized recommendations and create a strategic plan for the organization’s FinOps areas where investment will yield the greatest impact.

 

 

Strategy

Enterprises estimate that about 30% of their cloud spending is wasted, and 80% find managing cloud costs challenging. Finitizer can help by continuously evaluating performance, forecasting demand, and optimizing costs through an IT governance structure that integrates FinOps processes.

 

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