The field of information technology has always been about efficiency, and the latest innovations in the cloud have only cemented that by making new types of workloads possible for the first time. However, the cloud can also bring unforeseen costs and growing complications.
The IT decision-makers of today are looking to FinOps and state-of-the-art automation as possible solutions for increasing IT efficiency in the cloud age and continuing to transform IT operations for the better.
Key Takeaways:
An organization’s choice of cloud provider can play a major role in what tools are at their disposal for reinvigorating efficiency. Learn more about how Nutanix can spur innovation with a focus on FinOps and automation.
FinOps, short for financial operations, is becoming a common cloud-native principle that entails the combination of finance-oriented sensibilities and cloud engineering. The result of implementing FinOps at the enterprise level is a better visualization of cloud spending and an overall shift toward increasing IT efficiency.
Automation similarly drives efficiency by way of processes like cloud provisioning and fulfillment of support requests that do not always require the human touch. As the machine learning technology behind these automatic tasks becomes more sophisticated, it stands to transform IT operations for the better.
With FinOps and automation in place, amplified efficiency in a modern organization takes the form of a much more favorable dynamic of resource spending compared to software development and IT deployment.
According to Global Market Estimates, the global FinOps market is expected to grow from an estimated USD 832.2 million in 2023 to USD 2,750.5 million by 2028. This paints a striking picture of how prevalent the concepts of FinOps and automation are and the inevitability of them transforming IT operations. With the right sort of utilization, those transformations will make a notable difference in increasing IT efficiency.
Where FinOps becomes a true saving grace is in multicloud environments bringing unexpected costs that can spiral out of control, especially as a business’s operations escalate and scale up with success. Taking a FinOps-as-a-service approach that is highly scalable can be the best way to control costs through a solution that can flexibly accommodate changing demands.
Even in the hybrid multicloud, where organizations can achieve a greater balance of control and flexibility, there is still the very real possibility of losing value to unpredictable cloud spending.
Intelligent FinOps powered by the latest AI tools serves to maximize cloud value beyond what might otherwise seem possible.
Companies operating in the Nutanix environment achieve maximum value and strategic spending control due largely to the power of NCM Cost Governance. Cost governance is a feature of the Nutanix Cloud Manager that enables the best possible financial accountability and expense optimization through smart automation.
Cloud automation encompasses tasks such as resource management, virtual network setup, and workload deployment that are overly repetitive and laborious to perform manually on a large scale. Not only is this a way of increasing IT efficiency when it comes to processes like virtual machine setup, but it also makes way for newfound productivity and innovation when IT teams can shift their focus away from menial workflows.
The Nutanix Cloud Manager’s emphasis on automation extends efficiency beyond just matters of FinOps. NCM also keeps automation simple with codeless task automation, seamless application lifecycle management, and unified hybrid multicloud orchestration.
This level of automation also enables swift and smart self-service capabilities. Operators using NCM self-service can provision with a single click, create easy-to-understand blueprints for complex applications, and manage everything with a single control plane, all of which is made possible through centralized role-based governance.
Automation is undoubtedly increasing IT efficiency, but implementing it in a transformative way can be a significant hurdle. That is when automation professional services can make all the difference. Nutanix has flexible service tiers that ensure you get exactly the support you need when it comes to private cloud automation and self-service both during implementation and long after.
Amplifying efficiency is a natural and inevitable goal for any business. Evolutions in both FinOps and automation are creating new possibilities for the types of improvements decision-makers are seeking. In the age of the cloud, though, technology exists as a distributed network that is difficult to manage and scale without outside help.
Nutanix is the platform provider that can help you streamline operations and optimize costs with its innovative cloud infrastructure. NCM on Nutanix Cloud Infrastructure does more than just escalate FinOps and automation; it also ensures that security compliance is up to par so that unforeseen risks cannot easily disrupt enterprise workflows.
Cost optimization is at the top of the mind for any organization looking for ways of increasing IT efficiency, but true transformations go much deeper. With Nutanix, efficiency comes in the form of controlled costs, hardened security, and future-proof automation.
Learn more about other ways to drive cost savings in IT and how automation can apply to other processes, such as automated revenue management.
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