What Is FinOps?
FinOps is the intersection of finance, business, and technology to drive financial accountability and create a cost-conscious culture to maximize return of IT investments.
Managing cloud costs and investments can be complex. It’s easy to overspend on cloud services with no enterprise visibility or predictability of utilization, making it hard to ensure that cloud investments are bringing the speed and innovation expected. Without a unified way for organizations to assess cloud investments, they can become an unmanageable and costly tangle. A new way of working is needed. That new way of working is called FinOps, a culture and a set of governance processes, supported by the right technology, that drives financial accountability to the edge, creating a cost-conscious culture to maximize return on IT investments.
The Kyndryl Approach to FinOps
The Kyndryl FinOps approach puts emphasis on the importance of transparent visibility in creating awareness and cultural transformation, and on the systemic changes needed to operationalize FinOps for the long term. Our engagement framework is designed to help a client develop a sustainable FinOps capability and is flexible to meet the client where they are on their journey to cloud and adoption of FinOps.
Kyndryl works with you to build your FinOps capability.
- We advise. We help you identify the current state of your FinOps maturity and where you need to be. We provide design and planning services to help you understand how to get to desired state. Our approach begins with a diagnostic assessment and helping establish stakeholder alignment by developing a case for change and the roadmap to success. With stakeholder commitment and the roadmap in hand, we work with you to traverse the journey to FinOps.
- We implement. In an iterative model, we help deploy the systems and adopt FinOps processes with best practices suited for your enterprise. We draw from our experience to encourage best practices, like building support early in the program through the adoption of the FinOps operating model with a pilot group of users in a common cost center – a pilot that both proves the business case and provides insights into the sustainability of the target operating model.
- We operate and optimize. Once the FinOps model is defined and adopted, we continue to monitor and optimize the solution, ensuring that your organization is always getting maximum value. As a managed service provider, we offer various levels of continuous operations focused on adopting and improving your company’s FinOps operating model.
Kyndryl FinOps in Action
Kyndryl has deep expertise in designing, running, and managing the most modern, efficient, and reliable technology infrastructure that the world depends on every day. We’re building on our foundation of excellence by creating systems in new ways, bringing in the right partners, investing in our business, and working side by side with our customers to unlock potential.
- Cost optimization and savings for Azure. Customers can typically optimize up to 30% of their cloud spend with better cloud governance and control capabilities.1 Kyndryl is deeply committed to partner with Azure to provide cost and usage optimizations and insights. This also includes recommendations and comparisons of various discount plans generated by Azure and Kyndryl's AL/ML models. By providing these insights, customers can take decisive actions to maximize efficient consumption of resources.
- IP-led FinOps solutions. Kyndryl collaborates and co-creates with customers to build and integrate best of breed FinOps capabilities. As an example, as Kubernetes services become integral to our customers’ cloud adoption strategies, we have developed capabilities to help customers allocate shared costs within a container environment.
- FinOps service provider. Kyndryl is a premier member of the FinOps Foundation, a subsidiary of Linux Foundation. As one of top six FinOps service providers, we have over 150 FinOps certified practitioners who possess extensive knowledge and practical experience in public and private cloud environments, as well as FinOps practices.
Terms, conditions, duration, and pricing are custom to each engagement. Please contact us to discuss a solution to meet your business needs. Offer availability may be limited in some countries.
Kyndryl and Microsoft: Our Partnership