Category: Thought Leadership

How can you build a “team” that understands, executes, and optimizes CFM strategies that maximize business value from the cloud? We share ways you can accelerate your stakeholders’ optimization efforts, and establish and encourage cross-team communication to learn from each other, share what’s worked well, and accelerate best practice adoption. 

No matter where your company is in its cloud journey, moving to the cloud impacts employees on every level, even if they don’t work with cloud every day. Here are some tips and tricks to help you educate non-technical audiences on cloud costs essentials. Establishing this knowledge throughout your organization can support more informed decision-making and efficient resource allocation, increase understanding of overall cloud benefits, and ultimately drive business success.

The Hackett Group conducted a global Industry Cloud Study of 600 organizations across multiple industries, with a primary focus on the manufacturing industry. The study assessed how migrating to the cloud improved operations and business results, and identified four key areas of business value realization.

This month, we’ve curated AWS resources to help you better implement cost planning, get quicker estimates for your EC2 instances, deploy a unit metrics dashboard, and learn from both our research and customers about the benefits of establishing and maturing your CFM programs.

To operationalize your CFM strategy, you need to identify what tools are available to help you allocate, visualize, and control your AWS cost and usage. In this blog, we’ll share our latest CFM Talk session, where we walk you through an example optimization (using AWS Graviton) to shed light on the framework for how you should think about each CFM pillar and layer tooling into your strategy.

AWS partnered with 451 Research to better understand the impact of Cloud Financial Management best practices on Cloud Cost, Business Value, and Sustainability. Explore the survey findings to learn how Cloud Financial Management benefits go beyond cost savings.

In the final blog of our 4-part Starting your Cloud Financial Management journey series, we’ll look at how CFM fits into the structure of your business via processes, polices, and people that are key in your cloud journey.

In the 3rd part of our 4-part Starting your Cloud Financial Management Journey series, we’ll cover the things you should consider and the tools you can use to forecast and plan for your existing or net-new workloads.

A vital element of proactive cost optimization is empowering engineering teams, since they are owners of the AWS resources and services deployed. Let’s explore the ways you can help your engineering teams mature independently to take a more proactive role in cost optimization.

Cloud cost optimization is often implemented as a reactive activity, despite being intrinsically proactive by nature. By implementing these 5 cloud cost optimization best practices, you can ensure proactivity as you maximize realized business value and take advantage of the flexibility, agility, and scalability of cloud technologies and services.