Before you invest in any sort of automation technology, it’s important to ensure your team is ready to use it. Technology is only part of the solution - organizations need to understand where they are on their FinOps journey, understand the FinOps methodology, identify key FinOps stakeholders and ensure that Procurement, Finance and Engineering teams have a seat at the table.
Finding Experienced Professionals
Organizations everywhere have increasingly looked to build FinOps teams. This is because companies now recognize the value of this integrated approach, with research indicating a 75% growth in the number of FinOps teams. Despite these initiatives, however, many companies are still struggling to adopt a FinOps approach to cloud spend because they lack the right expertise and resources.
Employees wear multiple hats throughout their day-to-day, and they can only manage cloud spend as part of a larger job function. Even when organizations hire employees specifically for FinOps management roles, they often need to provide training. Successfully implementing FinOps requires having experienced professionals and building processes into the DevOps practice.
Overall, organizations need the right expertise to help them move toward streamlining their processes and adopting automation.
Bringing Procurement into the Process
Procurement teams are the glue that holds FinOps together. Procurement needs to be involved throughout the process, not just after the bill comes in the mail.
Instead of making the procurement team research on the backend of the process, organizations need to give them the ability to take proactive actions. FinOps enables this by creating a cohesive, centralized team that includes procurement, directly integrating them into the decision-making process.
Getting the Engineering Team on Board
Fundamentally, the Engineering team needs to help drive the FinOps automation process. They understand who uses cloud resources and how the resources should be used.
The engineering team will especially benefit from automation because it enables them to prove governance over cloud spend and usage. If the goal of automation is to detect idle resources and remediate the problem, then automation will take one large responsibility off their plate.
Then, by bringing together the engineering and procurement teams, organizations can create more robust strategies for managing cloud spend. Through using FinOps automation, Engineering teams can implement suggestions identified by the Finance and Procurement teams. Meanwhile, the Finance and Procurement teams will also gain visibility into the mission-critical usage requirements that the engineering team has.