The Pyramid of FinOps Needs.
When you’re scrambling to get people to take action, struggling with sluggish processes and have little visibility on what’s going on, how can you make meaningful progress with FinOps?
The Pyramid of FinOps Needs is based on 10 years of FinOps battle scars. It’s a framework that helps you get results when the stars won’t align.
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Cost visibility
and allocation
What it is:
Being able to showback/chargeback.
Why you need it:
You can’t do FinOps with tagging only.
Buy optimisation
What it is:
Reducing unit costs of cloud provider purchases.
Why you can do it:
You can allocate costs accurately.
Budgeting
and forecasting
What it is:
Accurately predicting cloud spend.
Why you can do it:
You have granular allocation and predictable provider costs.
Use optimisation
What it is:
Effective use engineering and cost optimisation.
Why you can do it:
Having the other pyramid layers means you can find savings opportunities and drive action.
The framework works! Like, a 40% reduction in cloud spend…
Which is what Distribution Innovation, a leading media tech company, achieved.
Read how they used the Pyramid of FinOps Needs to get serious savings.
