Organizations are undergoing a significant transformation due to the cloud. For Information Technology (IT) teams, this shift is even more pronounced. For decades, IT teams focused on harnessing the power of technology in many ways. They provisioned their IT infrastructure to meet software demands, found ways to reduce licensing costs while minimizing risk, and improved overall business efficiency by ensuring all on-premises systems worked as intended.
Now, there’s a different, cloud-based evolution of IT taking shape. This approach focuses on delivering services – not just technology – that are agile, flexible, scalable, and efficient. This shift is requiring IT teams to focus on additional considerations, such as implementing automated processes, providing support for cloud workloads, and creating business value for the company.
This shift in responsibilities is easier said than done but is necessary to power the technological needs of your organization. Without changing your IT team’s approach to software management to include special cloud considerations, your business is likely to struggle with decentralized purchases, difficulty controlling cloud spend, a lack of transparency over the software estate, and unpredictable costs.
Thankfully, you don’t have to start at square one. By combining the power of your existing SLM team within a proven cloud financial management (FinOps) framework, you’ll be able to enjoy lower costs and greater productivity in the cloud with limited drawbacks. Let’s examine why this is, starting by learning more about FinOps as a concept.