Making the Switch: Understanding the Limitations of Outdated Telecom Solutions
Confronting the Limitations of Legacy Systems In the rapidly evolving realm of telecommunications, businesses are often constrained by outdated systems
Our hand-picked technology partners amplify our ability to architect and implement multi-vendor solutions, enabling seamless, secure, and efficient integration of cloud and next-generation networks into a single easy-to-manage solution.
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Confronting the Limitations of Legacy Systems In the rapidly evolving realm of telecommunications, businesses are often constrained by outdated systems
Top 10 Considerations When Choosing a NOCaaS Managed Services Provider Picking a NOCaaS (Network Operations Center as a Service)
The Rise of NOC as a Service and Its Crucial Role in Network Vigilance Organizations are struggling now more than
SALT LAKE CITY, September 1, 2023 — Today, Lightstream, a trailblazer in Secure Digital Transformation, Zero Trust security methodology, next-generation
With a looming recession and uncertainty growing, more organizations are looking for ways to cut spending and increase efficiencies. Many
Getting the hang of cloud technology can feel like navigating a maze, especially when you’re striving to keep your spending in check. That’s where Financial Operations, or FinOps, steps in—an expert practice that blends the realms of finance and technology to effectively manage, control, and optimize cloud expenses. Teaming up with a FinOps pro can be a game-changer in your cloud cost management strategy, and today, we’re diving into how you can seamlessly embrace a comprehensive FinOps mindset in your first 180 days, especially when you have a reliable partner like Lightstream by your side.
1) Foster Internal Accountability for Cloud Spending and Utilization
The cornerstone of a successful FinOps approach is accountability. It’s crucial that both your finance and tech teams not only comprehend but also take ownership of the costs incurred and resources used. At Lightstream, we put the spotlight on Cloud Accountability, offering:
These features, inspired by FinOps.org principles, create a culture of awareness and responsibility among all stakeholders, ensuring that everyone plays a part in managing cloud expenses.
2) Supercharge Rate Optimization
The next vital step is optimizing your existing cloud contracts, server sizes, and Reserved Instances (RIs). At Lightstream, we bring you:
These measures are pivotal in ensuring that you’re getting the most value for your investments, and they perfectly align with FinOps.org recommendations.
3) Turbocharge Usage Optimization
Last but not least, the third pillar revolves around optimizing your actual cloud usage. Unused or underutilized resources can swiftly drain your finances. Lightstream is here to assist you in:
Partnering with Lightstream equips you with several advantages:
Days 1-30: Kick off an internal assessment of your cloud spending and usage using Lightstream’s tools.
Days 31-60: Define objectives, establish KPIs, and start tracking cloud costs in real-time.
Days 61-90: Implement rate optimization strategies to start witnessing immediate savings.
Days 91-120: Shift your focus to usage optimization by identifying and eliminating inefficiencies.
Days 121-150: Review and fine-tune your strategies based on the data collected.
Days 151-180: Conduct a comprehensive review, comparing initial goals with outcomes, and chart a path forward.
Embracing FinOps is more than just a step—it’s a leap towards optimal cloud cost management. With guidance from FinOps.org and a trusted partner like Lightstream, your first 180 days in FinOps can be transformative for your organization.
Start your FinOps journey today and revolutionize your organization’s approach to cloud financial management.
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