Step one: Information
The first step - dubbed “Information” - primarily focuses on gaining visibility over cloud costs, helping you determine where costs are originating and why. A FinOps certified platform can help you gain this visibility quickly. Once you have visibility, take benchmarks of how the cloud is affecting finances and operations, and identify areas of weakness. Before you move onto the next step, begin taking inventory of the teams who currently use the cloud, and outline which solutions they use.
Step two: Optimization
During the “Optimization” phase, IT, finance, and operational teams need to work together to create FinOps best practices for every team that uses the cloud. This will vary heavily depending on which solutions a given team uses, and how mature your organization’s overall approach to the cloud currently is. Once you’ve outlined your ideal outcomes, tell every cloud-enabled team which cloud resources they are in control of, then create and distribute actionable recommendations that these teams should complete to optimize their use of the cloud.
Step three: Operation
This phase ensures your guidance is achieving the goals set forth by IT, operations, and finance teams. Using the benchmarks taken in the “Information” stage of FinOps, how did your best practices impact cloud costs and efficiency? Use this information to create processes for cloud governance – if a certain process works well for FinOps, ensure teams are practicing it on a regular basis.
While these processes must involve finance, operations, and IT equally, FinOps does deliver exceptional value to the IT team, as it will further solidify the team as a valuable, service-focused department within your organization.