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MAXIMIZING CLOUD COST SAVINGS & FINOPS: RESEARCH SAYS DO THESE 3 THINGS

When the cloud dominates IT expenditures, FinOps offers a smart approach for cutting costs. But how do you ensure your cost management practice can deliver cloud ROI? Research from Foundry reveals the approaches 200 IT and finance leaders use to maximize payouts on their FinOps programs.

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How Does a FinOps Model Work?

The FinOps framework is a methodology helping companies continuously match their cloud resources to corporate needs with a commitment to reducing waste and unnecessary spending.

What’s Driving the Adoption of a FinOps Model?

70%
say they need to increase cloud resource production and performance

How Can I Maximize the Payouts on a FinOps Program?

1

Double Your Savings with a FinOps Partner

Companies using third-party FinOps software and services realized a 20% cost savings on average, while DIYers save less than 10%.

2

Use AI to Take Your Savings Higher

Companies that activate a FinOps model using AI-powered software are 53% more likely to report an overall cost savings of greater than 20%. Those NOT using AI save less than 10%.
Use AI and You're 53% More Likely to Maximize Savings Lowering Costs by 20%

3

Start with Your Software Applications

FinOps programs save +20% or more on their cloud software costs, versus less than 10% on their cloud infrastructure costs.

What are the Top 3 Benefits of a FinOps Program?

Productivity savings

Cost savings

Reduced security risk

What Are the Top Criteria for Selecting a FinOps Service?

70%

Industry expertise

69%

AI and automation

68%

Fully managed services

Read the complete research report

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