Author: Steve Upkin

Steve is a product-marketer and Engineer at Cloudysave who works with Cloud Management and Adoption team. Over the past years, he has collaborated with multiple teams to provide a robust and cost-effective architecture patterns to influence business and engineering decisions. His key areas of interests include Cloud Costs Management, Security and DevOps Best-Practices.
What is Elastic Beanstalk

What is Elastic Beanstalk?

Posted on | by Steve Upkin | Leave a Comment on What is Elastic Beanstalk?

Cloud Computing technology is at its peak as most enterprises have started using a variety of services for their respective businesses. Building a new application is even more difficult for the newbies as they don’t know anything about the designing or developing end. AWS Elastic Beanstalk is the platform for you if you are planning to deploy web applications and services designed with different computer languages. Let’s collect some useful details about this platform. 

What is Elastic Beanstalk? 

Elastic Beanstalk is an automatic and easy-to-use service for scaling up and deployment of web applications and other services. It’s also considered as platform-as-service. The platform is designed for AWS clients who make use of different cloud-based services. The platform supports web applications developed with computer languages such as Java, .Net, PHP, Docker, Go, Ruby, Node.js, Python, etc. 

Being an automatic app deployment platform, it requires no prior skills. You just need to upload your code and the rest will be managed by the Elastic Beanstalk. The service helps you from the deployment of the code of the application to monitor the health of the application. What’s more interesting here is the platform gives you full control to manage the process at any given point. 

What is Elastic Beanstalk - Amazon web services

What is Elastic Beanstalk – Amazon web services

Credit:- @youtube

Elastic Beanstalk doesn’t ask for any additional fees or subscriptions, just pay for the AWS resources that you use while uploading the application codes and that’s all.

Why Elastic Beanstalk? 

Unlike the other app deployment services and platforms, Elastic Beanstalk gives you full flexibility and control to manage your web applications and other services developed with various computer languages. The service itself has a set of significant advantages that will make the entire task of yours super smooth and easy. 

If you are confused about why you should go with the AWS Elastic Beanstalk, then you must check out the below-listed advantages first. 

Advantages of Elastic Beanstalk  

Full flexibility 

Being a service offered by Amazon Web Services to its clients, the Elastic Beanstalk is fully flexible which means it has no bounds. The platform gives you full control to manage the deployment process and to take care of the application’s analysis. 

Highly Customizable 

Being an AWS Service, the Elastic Beanstalk keeps everything easily accessible for the owner. The same service enables clients to keep things up to date with the latest updates and modifications as per the requirements. Users are allowed to select the servers, tools, and much more from the service quickly. 

No additional Charges 

As soon as you are utilizing the AWS services and different sources, you won’t be charged anything to use the Elastic Beanstalk service. The auto-scaling feature of this service reduces the overall costing while deploying a web-based application. It also helps users adding extra servers for their applications. 

Top-notch Security 

The security of the user’s data is crucial especially while using cloud-based services. AWS services are based on the cloud and for that reason, most new users are worried about their databases. Well, Elastic Beanstalk offers top-notch security during the configurations of the new servers. Your data will be safe and you won’t face any security breach during the deployment of the applications. 

Elastic Beanstalk Workflow 

The workflow of this service demonstrates to you how this platform actually works for you. 

What is Elastic Beanstalk - Elastic Beanstalk Workflow

What is Elastic Beanstalk – Elastic Beanstalk Workflow

Creating an application- Uploading the version- Launching of an environment- Managing of the environment 

Elastic Beanstalk: Environment Pages 

Environment Pages let you choose the suitable page for your application where you can insert useful data and information for the end-users. Let’s check out the descriptions of each page here. 

What is Elastic Beanstalk - Elastic Beanstalk environment pages

What is Elastic Beanstalk – Elastic Beanstalk environment pages

Configuration: 

The app configuration and server configuration is required. This page lets you utilize various resources available for you. 

Health:

The health page shows you the status and details about the various instances that you may implement during the app deployment. It is associated with the EC2 instances that let you run your application on the platform. 

Monitoring: 

You can keep an eye on the app deployment process by Monitoring Page. It shows you the detailed statistics with useful data. 

Events: 

The events page shows you everything that the pages are utilizing. If the application has some errors, the Events page will show you the errors so that you can easily resolve them. 

Tags: 

Tags help you to manage the pages tags for the application. You can make use of numerous tags as per your requirements through this page. 

The Bottom Line: 

Different businesses and enterprises have their own requirements. It is up to your business requirements whether or not to use this new AWS Elastic Beanstalk service for the app deployment. 

The service has numerous advantages with easy-to-learn and easy-to-deploy environment. It enables users to make use of various resources for app deployment. Since you don’t have to pay anything for this service, you must give it a try. 

aws cost optimization

7 AWS Cost Optimization Best Practices

Posted on | by Steve Upkin | Leave a Comment on 7 AWS Cost Optimization Best Practices

AWS Cost Optimization Best Practices

This article provides a detailed overview of AWS Cost Optimization Techniques and provides insights about different best-practices for reducing costs.

AWS is gaining more popularity day by day as enterprises can easily find/adopt the suitable resources & service providers for their needs. Moreover, The world is utilizing cloud computing for better data management & easy access to different services. Most of the service-partners are offering cloud-based solutions to their clients. Today, we will learn about AWS Cost Optimization Best Practices to reduce the overall costs within AWS. 

We all know about the current market scenario. Enterprises started utilizing multiple cloud services through various resources & AWS offer them the one of  the best of services as per their needs. To make these services more affordable, check out the below given best practices for AWS costs optimization. .

Best Practices for AWS Cost Optimization

Pay as per your requirement 
  • The best part about using AWS Cloud Server is it won’t ask you for extra money for the service that you are not using.
  • You will be asked to pay only for the resources used by you for the specified time.
  • You don’t have to sign in the contract for a long-term (or) paying minimum charges to use the services, just read out the pricing policy and proceed further. It’s a simple concept that should be checked before hiring any service provider. 
AWS Cost Optimization Best Practices - Pay as per your requirement

AWS Cost Optimization Best Practices – Pay as per your requirement

Prepare a Schedule 
  • Most of the instances of the engaged resources remain unused.
  • It’s always advisable to turn on the scheduling features for such non-production instances.
  • If the development team is not punctual or they work on different shifts, then you should prepare a neat schedule with the availability of the team members.
  • This will save you a lot of money in the long run as you don’t have to pay for the non-production instances. 
AWS Cost Optimization Best Practices - Prepair a Schedule

AWS Cost Optimization Best Practices – Prepair a Schedule

Addressing the Idle Resources
  • Each of the idle resources that are available for access consumes up to 5% of the CPU.
  • Enterprises are charged 100% of the total use for the instances. As a result, you will be charged for the resources which are remained idle throughout time.
  • To reduce the overall bill, you should find out the idle resources and disable them until you need them.
  • You can also scale up the overall usages of the computer by different resources using the same resources. 
Purchase the Suitable AWS Instances 
  • When running AWS instances for longer durations, then we would advise you to go with the reserved AWS Instances.
  • The reserved instances would eventually reduce the overall cost by reserving the single/pool of instances and AWS will significantly provide discounted rate.
  • Better analyze the nature of use-case, duration etc. before buying reserved AWS instances.
  • If you don’t research well, then you may end up buying non-reliable instances that are of no use. 
AWS Cost Optimization Best Practices - Purchase the suitable Instances

AWS Cost Optimization Best Practices – Purchase the suitable Instances

According to experts, reserved resources give you an idea of purchasing suitable instances so that you don’t have to pay for the unwanted instances that may remain idle throughout time. 

Optimize the Storage 

We take regular backups of the important data, documents, files & snapshots to keep things running smoothly. However, many of you might not optimize the storage data of the resources. Snapshots are one of the most crucial elements in this particular field to avoid duplicity of files. 

  • Usually, the most recent snapshots which carry all the useful information and data.
  • We don’t need the previously-stored snapshots. Snapshots are used to restore the data if something goes wrong, otherwise, they remain idle and occupy a lot of space which could increase the bill.
  • We would advise you to explore the storage well and delete all the unwanted snapshots from there. This practice saves you hundreds of dollars in the long run. 
Keep the Instances Up-to-date

AWS is growing rapidly as new partners are joining every other day. The platform has a wide range of services and products to take your enterprise to the next level by utilizing the latest technologies and new cloud-based platforms. 

  • AWS frequently upgrades the existing instances.
  • The updated instances are improved in nature with better performance & more reliability for the new clients.
  • For the very same reason, you need to upgrade the existing instances.
  • Keeping the instances up to date helps to improve work efficiency & productivity which ultimately helps in reducing costs. 
Consider Single Cloud over Multi-Cloud 

Many enterprises would like to go with multi-cloud platforms as they have to deal with big data & many other kinds of stuff that require big storage & more platforms for quick access. 

  • However, we would suggest you go with a single cloud as it gives you more flexibility with the management of your data.
  • When you go with the multi-cloud solution, you will have to invest extra money for the new servers and multiple cloud resources, etc.
  • Since you are optimizing the cost, you should go with the single-cloud solution. 

Final Thoughts

AWS & its services are updated regularly, you have to understand that the optimization practices will also be updated over time. In a nutshell, AWS Cost Optimization Best Practices is an on-going process & with passing of time, we would add up new practices that could help you reduce the overall spend. Explore the above listed best practices & start utilizing them to save some extra bucks on the AWS services.

Here are few awesome resources on AWS Services:
Cloud Cost Analysis
AWS Cloud Migration Cost Estimation
AWS Cost Models
Cost Savings in Cloud Computing
  • CloudySave is an all-round one stop-shop for your organization & teams to reduce your AWS Cloud Costs by more than 55%.
  • Cloudysave’s goal is to provide clear visibility about the spending and usage patterns to your Engineers and Ops teams.
  • Have a quick look at CloudySave’s Cost Caluculator to estimate real-time AWS costs.
  • Sign up Now and uncover instant savings opportunities.
AWS Launches Amazon HoneyCode

AWS Launches Amazon HoneyCode: Make Websites and Mobile Apps with No Codes

Posted on | by Steve Upkin | Leave a Comment on AWS Launches Amazon HoneyCode: Make Websites and Mobile Apps with No Codes

Amazon Web Services are used by millions of web developers and designers for a variety of purposes. AWS has recently introduced a new revolutionary web-builder for the users of Amazon Web Services called Amazon HoneyCode. The platform makes it easier for users to build a new web and a mobile app with no codes. Yes, the platform allows you to create a new web or a mobile app with no knowledge of coding. Let’s decode this new platform of AWS.

Amazon HoneyCode: Introduction

HoneyCode is the most advanced and the top-recent web and app builder introduced by Amazon for the AWS users. The platform is launched with its beta form just for testing purposes. When it comes to building a new website or a mobile app, it requires a lot of coding work and research.

The HoneyCode platform is there to let you create powerful mobile apps and impressive websites quickly with absolutely no coding required. Anyone can easily get started with this web builder through its easy spreadsheet model.

AWS Launches Amazon HoneyCode - Introduction

AWS Launches Amazon HoneyCode – Introduction

Credit@aws.amazon.com

Being a spreadsheet familiar platform, HoneyCode lets you create a team with which you can collaborate for future work. The data that you enter within the platform is fully synced so that other users can easily view them and make their decisions on it.

Why HoneyCode?

HoneyCode is launched to cut down the need for a professional web developer or designer. Since you are using AWS and its services, you can easily get started with this revolutionary web builder to create interactive web and mobile applications in no time.

The HoneyCode apps will be much more flexible at users’ end for managing the data, filter out things, sorting up categories, and more. Everything looks easy as soon as you know a little bit of using the interactive web builder platforms.

AWS Launches Amazon HoneyCode - Why honeycode

AWS Launches Amazon HoneyCode – Why honeycode

Credit @aws.amazon.com

The same platform allows users to create a data dashboard that can be updated in real-time. All the teammates associated with the platform will be able to see the changes made by a particular member as it gets updated in real-time.

Moreover, the platform offers numerous ready-to-use templates. The built-in templates are easily accessible and can be used by any AWS member after creating an account on the platform.

Alternatively, users can build an app from scratch if he doesn’t want to use the readymade templates or tools available on the platform. Users can manually add useful elements to the app such as buttons, tables, lists, etc. The platform allows up to 20 users for free. If the owner wants to add more users, then he will have to pay some fees for the same.

If you are curious to know more about the functionality and basic usage of this newly launched web builder for AWS clients by Amazon, then here we have tried to enlist some useful steps that will guide on how you can get started with the Amazon’s HoneyCode.

How does the platform work?

First things first, Amazon’s HoneyCode platform is free of cost. Anyone can start using this platform without paying any kind of registration or subscription fee to the platform. Since the platform is in the beta form, it is open for everyone.

Go to the official website of HoneyCode where you will have to register yourself. Enter your name, email address, and password to create a new account. Once you hit the Create Account button, you will receive a confirmation mail to your email ID. Click the link given there to finish the registration process. Sign in to the platform by entering your email ID and password.

AWS Launches Amazon HoneyCode - How does the platform works

AWS Launches Amazon HoneyCode – How does the platform works

Once you are signed in, you will be presented with the clear dashboard of we can say the front-page of this tool. Since it’s a beta tool, it has some limitations and comes with limited features and tools. Here, you can start creating your workbook or app by choosing an appropriate option from the drop-down menu at the upper right corner.

AWS Launches Amazon HoneyCode - workbooks & apps

AWS Launches Amazon HoneyCode – workbooks & apps

You can import from a CSV file, or can use a readymade template or can start from the scratch. A lot of readymade templates are there to be used by the clients. Explore the list, choose the right template, and start creating a new app.

AWS Launches Amazon HoneyCode - create workbook

AWS Launches Amazon HoneyCode – create workbook

Once you select the suitable template, the main web builder app page will be presented. Since you are using the platform for the first time, you will be guided through on-page instructions to understand things better. Go through the instructions and start following them to create your new application.

You can manage things or customize the main page from the right sidebar. You are allowed to select the template’s elements from there. The same page allows you to view multiple pages of the app. You can enter data or can customize the template using the Settings option from the same right sidebar.

AWS Launches Amazon HoneyCode - Make app with app wizard

AWS Launches Amazon HoneyCode – Make app with app wizard

The user-interface of this builder is quite easy and can be understood by even a non-technical person. With quick navigation and reliable placements of the tools, the Amazon HoneyCode has opened up new opportunities for the masses to step into a new career.

AWS Launches Amazon HoneyCode - My drive

AWS Launches Amazon HoneyCode – My drive

The bottom line:

HoneyCode is a part of new efforts by the AWS makers to offer a new platform for their clients to experiment with new tools. Initially, the platform was attracting only those who seek some sort of services, but now the platform will be widely used by more and more software and web developers. It’s a free-to-use platform, and everyone should give it a try!

Posted in AWS
Core Principles of FinOps

Core Principles of FinOps

Posted on | by Steve Upkin | Leave a Comment on Core Principles of FinOps

On-demand cloud resources and services have made the organizations to utilize the latest technologies. FinOps is a cultural change made by the professionals to handle financial data of enterprises and organizations. FinOps is there to bring accountability to cloud expenses by the utilization of manpower and automation tools. If you are curious to know more about the FinOps, then you must understand the Core Principles of FinOps first. 

The Success Story of FinOps

FinOps Professionals work through deep analysis of financial data. The team collects real-time reporting of different departments which passes through a process to streamline the data. The final team works with the collected data that generates the final financial report. 

FinOps works with the latest tools and various cloud resources. They also require human power for the collection of data through feedbacks and reports. Organizations must give access to data professionals while creating a report if they have opted for the FinOps’ services. 

Core Principles of FinOps - The Success Story of FinOps

Core Principles of FinOps – The Success Story of FinOps

To make your business successful, FinOps’ core principles are there. The professionals who work by following the core principles will help you lead a successful business. The FinOps Team works tirelessly to bring success to your business with cost optimization and financial data management. Let’s understand the core principles of this business model first. 

What are the Core Principles of FinOps? 

Team Collaboration 

FinOps works with two different types of teams- the Finance team and IT Team. Both the teams have to work collaboratively to exchange the financial data of an organization. Since the teams are working over the cloud, access to data and data exchanges must be quick. The usage of the cloud also utilized during the same and organization doesn’t have to pay extra for the same.  

The teams must work collaboratively to improve overall productivity while creating new innovative ideas to make the company’s operations smoother. 

Core Principles of FinOps - Team Collaboration

Core Principles of FinOps – Team Collaboration

Effective Decisions 

The teams who work for a particular organization or enterprise must understand the power of taking effective decisions. Decision-making skills must be improved by sharing new strategies within the working environment. 

Teams have to keep data on the cost and quality of the services while tracking down the speed. If the organization is delivering services on time, the data will be calculated in real-time and updates on the server-side through cloud computing. 

Core Principles of FinOps - Effective Decisions

Core Principles of FinOps – Effective Decisions

Cloud is very important here as it acts as a driver of innovations. Without adopting innovations and creative ideas, one can’t grow up. To lead a successful business, you must learn to take effective decisions for an organization. You have to guide your teams about the same to boost their thinking power. 

Accountability of the Cloud Usage 

FinOps Professionals do make use of cloud technology to keep things streamlined for an organization. Every member of the team works on the given task to create the final financial report. The accountability of the overall usage of the cloud and its cost will also be calculated and considered in the final financial report. 

Every individual will be assigned a particular task within the team along with the limited usage of the data. Limited data usage is given to keep the overall cloud costing reduced. The teams are also empowered to use various resources that could consume less data while boosts the overall business functionality. 

From the teams, the IT team or the technical team would decide which technologies are helpful and can be used for a particular task. For that reason, the team must include professional and well-experienced employees. 

Constant Monitoring 

The data or the report created by the teams must be monitored by the administrator constantly. It starts with the cost of the process data. As soon as the process begins, the data will start to generate and the team has to start collecting the data and add it to the sheet over the cloud. 

The collected data will be visible to the entire team who will then utilize them. With the data utilization, the team can create better and effective cloud usage forecasting which could set out a specific budget for the FinOps. 

Automation 

The last stage of the FinOps is automation. FinOps utilizes the latest technology and tools and for that reason, centralized automation would cut down the repetitive processes that consume extra cloud. As a result, it would cut down the extra cost spend on unnecessary cloud usage. 

Core Principles of FinOps - Automation

Core Principles of FinOps – Automation

Apart from the processes, the other sectors for rates and discounts should also be optimized to gain more profits by cutting down unnecessary cloud usage and the usages of various resources. 

Automation also cuts down the need for engineers and data professionals. The software would make up effective decisions and will try to reduce the extra cost from different departments of an organization. 

The Bottom Line: 

The Core Principles of FinOps are very straightforward as they are there to help the organizations to boost their productivity. Organizations must understand the basic requirements of FinOps before they can adopt the same for their finance department.

The above-listed core principles would clear all the doubts about the working functionality of the FinOps Professionals. By collaborating with cloud computing and automation tools, FinOps is there to make your business streamlined. 

DevOps NoOps and FinOps

Difference Between DevOps, NoOps, and FinOps

Difference Between: DevOps, NoOps, and FinOps

Posted on | by Steve Upkin | Leave a Comment on Difference Between: DevOps, NoOps, and FinOps

The entire IT industry is now run automatically through digital innovations. The development team can increase their overall productivity by implementing new technology. Instead of hiring new teams, enterprises have started using cloud transformation and other technologies. You might have heard the terms such as DevOps, NoOps, and now the latest FinOps. In this article, we’ll be discussing the major differences between all these terms. 

What is DevOps?

DevOps was the first innovation in the business world. DevOps is derived from the terms of Development and Operations. DevOps is not a platform for enterprises, but many owners believe that it is a culture. Many IT Industries and Enterprises started adopting the new culture of DevOps to simplify their business operations. 

Working Structure

DevOps term was invented in the year 2009 and since then the culture has gained massive popularity across the globe. The term focuses more on delivering rapid IT service to enterprises. 

DevOps works with the team of people to handle the data of development and operations within the organization and for the organization. It improves the collaboration between the development and operation department. 

It utilizes different technology tools to make operations automatic. By using the advanced technology and dynamic infrastructure, DevOps delivers what you have expected from it. 

Difference Between DevOps, NoOps, and FinOps - Working Structure

Difference Between DevOps, NoOps, and FinOps – Working Structure

How Does DevOps Work?

DevOps works as a team of professionals for the organization. They create small teams of professionals to handle small tasks for the organization. To see the desired result and growth, every organization should rely on the following terms included in the DevOps Service. 

Collaboration: 

Collaboration is crucial for every organization. Instead of opposing each other, the team of different departments works together. With effective communication, they accomplish their given task within the given timeline. 

Automation

To make things working for the organization, the team uses different types of tools and devices to finish the tasks automatically. The team makes use of different types of tools for each department. 

Continuous Testing 

The accomplished tasks by the small teams will be tested by one more separate team. With continuous testing, the testing team guides other teams and ask for the improvements if something is not right. 

Who’s using DevOps? 

DevOps is adopted by most organizations that want to transform their businesses with new technologies and software. According to a recent survey, over 70% of enterprises of different sizes have adopted DevOps. 

What is NoOps?

NoOps means No Operations. NoOps has become an increasingly popular term and many IT Industries have been adopted recently. The NoOps terms adopt a field where no special tools or team required. No Operations are needed to run an enterprise. The organization that adopted NoOps works automatically without the need for a dedicated team.

Difference Between DevOps, NoOps, and FinOps - What is NoOps

Difference Between DevOps, NoOps, and FinOps – What is NoOps

Basic Requirements

NoOps doesn’t ask for a special service provider as you can utilize the different technology equipment to make the operations run automatically with no dedicated team required. 

NoOps based on various technologies such as artificial intelligence, machine learning, and traditional technologies. By making use of different types of technologies NoOps can be established for the organization. 

In today’s technology era, two main drivers run the NoOps- IT Automation and Cloud Transformation with the help of cloud computing. DevOps utilizes the data and functionality of NoOps to make the work more seamless for others. 

In a nutshell, NoOps serves a user-friendly interface where no manual intervention of a dedicated team needed. The organization runs on a variety of technologies only. 

What is FinOps?

FinOps is the most advanced version of handing the operations of an organization. FinOps means Financial Operations which is essential for every organization and enterprise. 

If we talk about the present market, the term has been shifted on the cloud platform and run on the cloud computing technology. FinOps works with several groups or we can say teams for one particular organization to see the desired growth. 

Difference Between DevOps, NoOps, and FinOps - What is FinOps

Difference Between DevOps, NoOps, and FinOps – What is FinOps

FinOps increases the overall business value of the Cloud by utilizing and combining different technologies and business models. FinOps categorizes into three different phases i.e. Inform, Optimize, and Operate. Let’s collect more details. 

Inform

This phase understands and analyses the overall cost of an organization by collecting the total expenses and earning data from various departments. They first collect the overall data and then sub-divided into different categories for different groups. 

After that, all the data combined and they create a final report from the allotment. The same phase decides the budget and forecasting for the organization to see the better future ahead. 

Optimize 

After collecting the financial data from various departments and getting the final report of total costing, it’s time to optimize the data and reduce the overall expenses of an organization. 

FinOps provides a user-friendly environment to get the right information from various resources. With the help of the reserved resources, the team optimizes the data and try to reduce the expenses of an organization. 

Operate 

The final phase in the operation. FinOps works by keeping all the departments of an organization together. It runs on cross-functional communication which helps the resulting team to analyze the final reports and proceed further with the collected information. 

This phase decides where to allot the next work and how it can help them reduce the overall costing and expenses. Complex pricing, various pricing models, the collection of financial data from different departments, and all the other aspects are considered as important ones for the betterment of an organization. 

FinOps cloud financial management

Azure Devops Pricing Calculator

FinOps Vs Cloud Financial Management

FinOps Vs. Cloud Financial Management 

Posted on | by Steve Upkin | Leave a Comment on FinOps Vs. Cloud Financial Management 

In today’s digital world, every organization looking for a way to optimize its business operations. FinOps is the best way to manage the financial operations of an organization. FinOps is the most advanced and effective way of managing financial data and for the very same reason, it is high on-demand service. Many people get confused between the FinOps and Cloud Financial Management. The FinOps Vs. Cloud Financial Management comparison will give you more information about these two terms in brief. 

Why do companies need Cloud Management?

Unwanted cloud bills can be the real pain for the team who are managing the financial department of an organization. To make things better, the optimization of cloud resources is needed which most organizations ignore. To see the desired growth, every business should start to utilize the latest tactics and tools available in the market. 

Most companies have started using cloud storage platforms to store their financial data with top-notch security instead of choosing on-premises storage. To leverage the overall costing of cloud financial management, companies have now shifted to FinOps which also includes the cloud financial management of an organization.

FinOps Vs Cloud Financial Management - Why do companies need Cloud Management

FinOps Vs Cloud Financial Management – Why do companies need Cloud Management

Instead of establishing physical data centers with fixed costs, companies are now paying for what they are consuming on a daily, weekly, or monthly basis. Yes, we are talking about cloud management services through various providers. Many companies offer a professional team to manage the overall data over the cloud by utilizing various resources and management tools. 

How FinOps is Different from Cloud Financial Management?

Financial Operation or FinOps works as a software-as-a-service for seamless management of the financial department. The software is designed to take full control of your company’s expenses. Through deep analysis of data and cloud services, FinOps professionals help the businesses to plan better for their productivity. The same will create a business plan for the future with the spending of forecasting. 

How FinOps is Different from Cloud Financial Management

How FinOps is Different from Cloud Financial Management

For industries, cost optimization has become a crucial term as most enterprises do not aware of the expenses through unwanted resources. Cloud management helps organizations to analyze data by collecting information from all the departments. 

Is FinOps Crucial?

In today’s competitive market, FinOps is crucial for small enterprises and medium companies who want to manage their financial data by utilizing the new technologies and tools. 

FinOps works collaboratively with IT professionals and Finance department. They also make the exchange of data on expenses and transactions made by the company to create monthly reports of expenses. With the help of regular monitoring of data, FinOps Professional tries to reduce the unwanted expenses of an organization. 

FinOps Vs. Cloud Financial Management - Is FinOps Crucial

FinOps Vs. Cloud Financial Management – Is FinOps Crucial

The impact of Cloud Computing

Cloud Computing and Cloud services are growing rapidly due to the ease of data storage and data access. Most organizations that don’t make use of the latest technologies and cloud platforms are spending thousands of extra bucks. A little awareness of the new technology platforms can help enterprises save thousands of bucks every month. 

How does Cloud Financial Management Work?

Cloud Financial Management is also very crucial for enterprises. CFM offers effective strategies to see achieve the desired financial goals within the deadline. Through best practices and deep data analyzing, it helps enterprises with new opportunities to expand their businesses. 

With innovations in the technology world, Cloud Financial Management has started utilizing different technologies and tools to manage the financing data. FinOps only focuses on cost reduction tactics and tools, while Cloud Financial Management includes strategies, better governance and culture, cost reduction tactics, and automation. 

Why FinOps over Cloud Financial Management?

In a nutshell, FinOps utilizes the advanced technology and tools to manage the financial data of an organization and enterprise. On the other hand, Cloud Financial Management works with people, process, and tools which looks more advanced and streamlined. 

However, FinOps Professionals utilize the advanced tools and technology which offers more automation to the tasks. Instead of managing financial data through a team of employees, FinOps can take full charge of the entire department which cuts down the costing of an entire team. 

Why FinOps over Cloud Financial Management

Why FinOps over Cloud Financial Management

Cloud Financial Management requires a team of people to share financial data. They have to collect data from various departments which takes a lot of extra time. Since CFM includes people and processes, the financial reports need more time to be generated. As a result, it will reduce the overall productivity which you may not want. 

Cloud Financial Management is Ideal for?

Cloud Financial Management or CFM is not completely dead. In fact, CFM is widely popular just like FinOps as it is still used by more number of enterprises than FinOps. 

FinOps is relatively a new term in the IT industry and most enterprises don’t aware of it. FinOps is suitable for small and medium-sized enterprises with less financial data management. While Cloud Financial Management involves a team, continuous data monitoring, regular report generation, and more. CFM is good for big enterprises and organizations. 

How Do FinOps Professionals Optimize Cloud Cost