Space
This product is available for the following cloud providers: AWS, Azure, GCP, OCI and IBM.
Our FinOps maturity monitoring product. It shows your company’s progress and also identifies areas for prioritizing efforts. Built on the FinOps Foundation framework.
It allows you to assess maturity (with the 'Crawl, Walk and Run' concept) and monitor the evolution of the FinOps journey.
With it, it is possible to map the progress of the FinOps journey at each stage of the FinOps Foundation framework, facilitating the identification of areas that require more attention and the prioritization of efforts according to defined objectives. Enabling the definition of an action plan to achieve these objectives.
Achieving FinOps maturity is a progressive process that requires the continuous adoption of new, more efficient practices, methods, tools, and technologies. Following the FinOps Framework, Space uses essential elements to support the evolution of the organization. To do this, it is necessary to focus on capabilities, lenses, and domains.
Capabilities:
FinOps capabilities are functional areas that support each domain within the FinOps practice. Each one includes specific definitions, key personas, performance metrics, and activities essential to the effective implementation of FinOps. These capabilities serve as pillars that ensure FinOps maturity, enabling organizations to optimize their cloud spend, make more informed decisions, and maximize the value of their technology investments.
They are:
Allocation,
Anomaly Management,
Architecting for Cloud,
Benchmarking,
Budgeting,
Cloud Policy & Governance,
Cloud Sustainability,
Data Ingestion,
FinOps Assessment,
FinOps Eductation & Enablement,
FinOps Tools & Services,
FinOps Practice Operations,
Forecasting,
Intersecting Disciplines,
Invoincing & Chargeback,
Licensing & SaaS,
Onboarding Workloads,
Planning and Estimating,
Rate Optimization,
Reporting and Analytics,
Unit Economics
Workload Optimization,
Domains:
Domains define the essential business outcomes that organizations must achieve through the practice of FinOps. They represent specific areas of focus and application for effective financial management in cloud environments. Each domain addresses a distinct aspect of the FinOps process and contributes to the structuring and organization of activities and processes.
The domains are:
Understand cloud usage and cost: Provides a clearer understanding of cloud usage.
Quantify business value: Connects usage and cost data with business value generated, ensuring transparency and alignment with expectations.
Optimize cloud usage and cost: Focuses on cloud efficiency, ensuring that resources are used only when they add value to the organization.
Manage the FinOps practice: Enables continuous improvement, driving change and alignment across the organization.
Lenses:
Lenses are perspectives that help analyze, understand, and manage each capabilities. Lenses bring a comprehensive, specific, and strategic view to the FinOps maturity model.
The assessment lenses for each capabilities are:
Knowledge Lens: helps in the general understanding of cloud services and their costs.
Metrics Lens: essential for measuring and monitoring cloud usage and costs.
Process Lens: focuses on creating and improving processes and having more governance
Automation Lens: assessing the automation of practice tasks
Adoption Lens: focuses on assessing the adoption of the capability within the organization
Using the lens within capabilities, it is possible to understand in depth how maturity is and which points of attention should be prioritized.
Maturity in FinOps requires dedication. Using the appropriate strategies, it is possible to achieve maturity according to your company's needs, and enjoy the benefits of optimizing cloud spending.
Before starting:
To conduct the analyses effectively, the Journey must first be configured according to the company's particularities. Subsequently, the Assessment must be completed to evaluate the organization's current score. In addition, it is necessary to define the Actions to be implemented within their respective capabilities, with the aim of achieving the established goal.
Step by step execution:
How to get to the Space:
Select the Organization:
In the upper right corner select the provider (context) and billing;
In the right corner, select the Space functionality that will open in Journeys.
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