Latest news with #FinOps
Techday NZ
3 days ago
- Business
- Techday NZ
Most IT leaders struggle to prove ROI from cloud spending
CloudBolt Software has released a report indicating that most IT leaders struggle to demonstrate return on investment (ROI) from cloud usage, despite claiming confidence in their organisation's FinOps maturity. The report, entitled "Performance vs. Perception: The FinOps Execution Gap," was conducted in partnership with Wakefield Research. It surveyed 350 senior IT leaders across various industries in the United States to assess the current state of Financial Operations (FinOps) practices regarding cloud cost management. The research identifies a notable disconnect between perceived levels of maturity in FinOps practices and the actual operational effectiveness in managing and optimising cloud costs. Although many respondents label their FinOps approaches as mature and automated, a substantial number reveal ongoing challenges in consistently demonstrating the value generated from cloud investments. According to the findings, 78% of IT leaders admitted to difficulties in consistently showcasing cloud ROI. When asked to define ROI, respondents primarily pointed to revenue growth (43%), followed by operational efficiency and productivity (36%), and cost savings (35%). The report also found strong acknowledgement of the rising impact of Kubernetes on cloud expenditure. While 98% of participants agree that Kubernetes is becoming a significant driver of cloud spend, 91% admit they are unable to optimise their Kubernetes clusters effectively, identifying a gap in operational capabilities as container adoption increases. Many organisations report relatively high levels of automation in their cloud operations. The study reveals that 66% of respondents say their environments are mostly or fully automated for cloud waste management and spend optimisation. Despite this, 58% indicate that identifying and remediating cloud-cost waste can still take weeks or months, raising questions about the true extent of automation achieved by these organisations. Kyle Campos, Chief Technology and Product Officer at CloudBolt, stated: "FinOps as a discipline is more sound than ever and continues to evolve effectively. But a good percentage of organizations may be taking a victory lap before even navigating the first turn. Through this research, it's evident that while a majority indicate they believe they've achieved FinOps maturity, the data shows they are still in the early stages of operationalizing and optimizing FinOps practices. Confidence in lieu of measurable progress obscures reality and hinders the improvement necessary for significant business impact." When identifying barriers to optimising ROI from cloud investments, 55% of respondents cited difficulty in linking cloud expenditure directly to business outcomes. Other key challenges include organisational misalignment and operational silos (48%), as well as issues related to inefficient resource management, such as poor tagging and inconsistent accountability (44%). The report also highlights the ongoing relevance of private cloud and data centres in driving ROI, with hybrid multi-cloud management identified as the top priority for 42% of those surveyed. Over the next six to twelve months, 39% of respondents expect hybrid cloud management to be a funded priority, second only to the optimisation of artificial intelligence and machine learning workloads (AI/ML cloud-cost optimisation), which was cited by 40%. Campos added: "Leaders believe they have visibility into their cloud spend. Yet without necessary governance, enforcement, and effective remediation, they are doing little to reduce the insight-to-action gap – the time it takes to go from 'we have a problem' to 'problem fixed and cost optimized.' This leads to persistent inefficiencies and inflated costs. Kubernetes and AI-driven workloads especially highlight this disconnect – rapid adoption without proper operational control and automated actions (both retrospective and proactive) is dramatically affecting return on investment. If FinOps practices are not focusing on continuous optimization and employing the capabilities to execute on that, organizations will continue to struggle to effectively show cloud ROI." The full report includes comprehensive data analysis and recommendations, addressing the existing gaps between FinOps perceptions and the realities of cloud operational performance.
Techday NZ
3 days ago
- Business
- Techday NZ
Stacklet unveils AI-led cloud tools to speed up cost savings
Stacklet has introduced new AI-driven features to its cloud usage optimisation and governance platform, prioritising faster transitions from cost insight to savings. The key enhancement is the rollout of Jun0, an AI assistant designed to facilitate agentic experiences for FinOps and engineering teams. The company states that these advances help teams reduce their Mean Time to Savings (MTTS) by enabling preventative policies and streamlined remedial actions. The new features are anchored by the launch of the Cloud Action Center, which provides resource owners with tools to act promptly on savings opportunities. The platform integrates with widely used collaboration tools such as Slack and Jira, aiming to reduce resource wastage and increase accountability. Data from the FinOps Foundation's State of FinOps report was cited by Stacklet to underline growing industry concerns over cloud wastage, with waste reduction remaining the top priority for FinOps teams for the last two years. The 2025 edition of the report identifies scalable policy and governance as the next primary concern, emphasising the challenge of achieving enduring savings across complex engineering environments. Stacklet describes its approach as shifting away from reactive, reporting-focused tools towards a model that prioritises actionable outcomes through developer-friendly remediation and preventative policy enforcement. The enhancements to the platform are intended to increase developer engagement, accelerate MTTS, and deliver continuous optimisation at scale via policy-driven workflows. Lindbergh Matillano, Director Cloud Optimization at Avalara, stated, "Stacklet has helped us save millions of dollars by driving action across multiple engineering teams and reducing our Mean Time to Savings. Its developer-friendly approach to FinOps governance as code has already made it a hit with our engineering teams. The new agentic experience in Jun0 builds on that foundation—making it even easier to surface and act on optimisation opportunities, reduce time to action to one-sixth of what it was, and deliver measurable results through features like Cloud Action Center and Campaigns." The update introduces several elements: an AI agent for FinOps and engineering that enables users to dry-run policies, query cost data, and take actions using natural language; the Cloud Action Center with integration options; usage optimisation campaigns that coordinate savings efforts; and an MTTS Tracker to analyse and improve the process from cost insight to verified saving. Travis Stanfield, Co-Founder and Chief Executive Officer at Stacklet, commented, "We built Stacklet to go beyond visibility—to help teams take action and lower their Mean Time to Savings. With these new capabilities, including agentic AI, users—whether in FinOps or engineering—can drive policy and cost changes, accelerate outcomes, and scale governance like never before." Stacklet has indicated that the platform's latest features will offer preview access to selected users. The new tools are framed as solutions to persistent challenges in cloud waste reduction and policy enforcement, aiming to foster a more actionable and accountable operational environment for engineering and FinOps practitioners. Follow us on: Share on:
Yahoo
22-05-2025
- Business
- Yahoo
Nvidia, American Express join the FinOps Foundation
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. The FinOps Foundation onboarded American Express, Nvidia, AMD, ServiceNow and Snowflake Wednesday. The five companies joined the cloud cost management organization as premier members and will send representatives to the group's FinOps X conference in June, according to the announcement. The Foundation expanded the scope of its IT cost-control efforts to include data center and software services spending as well as public cloud in March. The nonprofit trade group, which is part of the Linux Foundation, plans to release version 1.2 of FOCUS, its FinOps Open Cost and Usage Specification framework, in June. The addition of chipmakers Nvidia and AMD to the FinOps Foundation's ranks coincides with growing enterprise scrutiny of AI investments. 'FinOps is now ubiquitous in the enterprise landscape for public cloud and FinOps teams are being asked by leadership to bring the benefits to other areas such as AI and SaaS,' J.R. Storment, executive director of the FinOps Foundation, said in the announcement. Cloud modernization carried the unexpected sting of spiraling bills for many on the migration path. FinOps practitioners fought back, forging a cost-optimization alliance between finance and IT to rein in overspend and rationalize usage. The FinOps Foundation brought technology service vendors together with cloud consumers to help standardize billing practices and ease cost management processes. The new members join a robust roster of users and providers, including hyperscale giants AWS, Microsoft and Google cloud. The organization's 51-member governing board includes technology executives from Capital One, JPMorgan Chase and Mastercard, as well as representatives from Accenture, PwC and SAP. Snowflake is the first cloud-based data and AI platform provider to become a premier member of the FinOps Foundation, the organization said Wednesday. Rising costs associated with data storage and analytics have become a persistent pain point for enterprises as AI adoption spreads, according to a February Wasabi Technologies report. The aim of FinOps is to curb unnecessary spending, which doesn't necessarily equate with reduced cloud usage, Jay Litkey, SVP of cloud and FinOps at Flexera and a governing board member of the FinOps Foundation, told CIO Dive in April. Indeed, the practice often leads to increased cloud consumption, as stakeholders tie cost to value, he said. The foundation's newest members anticipate a similar trend to take hold in SaaS and AI usage. 'Establishing proper FinOps for AI has become critical for business success,' AJ Nish, senior manager for product and engineering at Nvidia, said in the announcement. 'We're joining the FinOps Foundation as a premier member to help define industry standards, drive accountability through metrics and ensure customers maximize both performance and value from their AI infrastructure investments.' Recommended Reading Financial firms plan to increase software spending this year Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
21-05-2025
- Business
- Associated Press
PointFive Unveils Cloud Efficiency Posture Management (CEPM), Transforming How Enterprises Optimize Cloud Resources
CEPM offers enterprises a proactive approach to cloud optimization integrated into engineering workflows, and drives immediate savings and long-term efficiency. NEW YORK, NY / ACCESS Newswire / May 21, 2025 / PointFive, a leading provider of innovative cloud efficiency solutions, announced the launch of Cloud Efficiency Posture Management (CEPM), a new category of cloud optimization technology designed for enterprise engineering and FinOps teams. Inspired by the Cloud Security Posture Management (CSPM), CEPM represents a shift from periodic cost reviews to an always-on, strategic discipline for managing cloud efficiency across an organization. Traditional cloud cost management tools typically emphasize financial reporting and surface-level optimizations. They neglect deeper technical inefficiencies, resulting in missed opportunities and limited accountability from engineering teams. CEPM addresses this critical gap by proactively detecting hidden cloud waste, providing context, and actionable recommendations. 'We started PointFive to solve cloud inefficiency at its root - the technical, operational reasons - not just surface-level cost management,' said Alon Arvatz, CEO and Founder of PointFive. 'Our new CEPM approach makes cloud efficiency as routine and automatic as cloud security, embedding ongoing optimization deeply into daily engineering processes. This shift is essential for enterprises to realize sustainable efficiency at scale.' 'When we started exploring CEPM across different cloud providers, we were struck by how profoundly each platform's unique metrics influence efficiency,' said Dor Azouri, VP of Research at PointFive. 'Traditional tools overlook this because their focus is surface-level visibility. With DeepWaste™, context is everything. The significant savings we uncovered were eye-opening.' Key features of CEPM include: Customers like BHN have successfully streamlined cloud optimization practices through CEPM, fostering deeper engineering engagement and sustained cost efficiencies. 'Cloud optimization should not be a periodic task or reactive exercise,' Arvatz emphasized. 'CEPM empowers engineering teams to continuously embed efficiency into daily operations. The result is sustainable cloud savings, improved reliability, and increased agility - delivering strategic value far beyond simple cost-cutting.' To learn more about CEPM and how PointFive is redefining cloud optimization, visit About PointFive PointFive delivers innovative cloud efficiency solutions for enterprise engineering and FinOps teams. Its Cloud Efficiency Posture Management (CEPM) platform offers deep, actionable insights, continuous optimization, and measurable outcomes, enabling enterprises to proactively manage cloud resources and achieve sustainable efficiency. Media Contact: Omri Hurwitz [email protected] SOURCE: Pointfive press release
Hindustan Times
20-05-2025
- Business
- Hindustan Times
Cloud cost optimisation: Strategic imperative for BFSI sector
Cloud adoption in BFSI sector drives digital transformation, but rising costs demand strategic optimization. A five-step FinOps framework can help reduce expenses by 20-25%, focusing on selective migration, forecasting, resource utilization, accountability, and continuous monitoring.
