Augmented FinOps is an innovative approach that integrates artificial intelligence with financial operations, aiming at optimizing cloud cost management. This resource is specifically crafted for IT leaders, financial experts, and those keen on understanding and implementing pioneering strategies in cloud computing.
In This White Paper, You Will Discover:
- The Essence of Augmented FinOps: Obtain a fundamental comprehension of what is Augmented FinOps and how it merges AI with financial operations, offering a novel approach to cloud cost management.
- Tackling the Cloud ROI Problem: Learn how Augmented FinOps addresses the challenges businesses encounter in quantifying cloud value and aligning it with strategic objectives.
- Beyond Conventional FinOps: Discover how Augmented FinOps goes beyond traditional practices, offering more efficient, predictive, and customizable solutions.
- Realizing the Vision of Augmented FinOps: Understand how this groundbreaking approach is ushering in a new era of cloud financial management, enabling organizations to derive better ROI from their cloud investments.
Key Topics Explored:
- AI-Enhanced Financial Analytics: Delve into the realm of advanced analytics and the transformative role AI plays in financial analysis within the cloud.
- Strategic Financial Objectives: Grasp how aligning AI capabilities with financial goals results in more effective cloud cost management.
- Cloud Fabric: Understand the integration of cloud resources with AI and its implications for cloud computing.
- Overcoming Transformation Barriers: Uncover solutions to common hurdles in cloud operations, including misaligned incentives and ill-informed decisions.
Transform Your Cloud Financial Management with Augmented FinOps
Embark on your journey towards understanding and implementing Augmented FinOps in your organization with CloudBolt. Discover how to leverage AI for a more insightful, strategic, and efficient approach to cloud cost management. With an innovative vision and a suite of capabilities scheduled for launch in 2024, we aim to instill order and accountability in cloud spending and management on a large scale. CloudBolt equips organizations with the necessary tools, intelligence, and flexibility to optimize financial management, enhance efficiency, and pave the way for new growth opportunities.
Are you navigating the complexities of cloud transformation and seeking effective strategies to optimize your investments? This white paper is an essential resource for understanding the financial realities of cloud transformation strategy. It’s designed to guide enterprises through the intricacies of cloud computing, debunking common myths and setting the stage for successful cloud adoption.
In this white paper, you will learn:
- The Current State of Cloud Computing: Discover how cloud computing is evolving and the impact it’s having on enterprises. We discuss the rapid growth of cloud adoption and the predictions by industry experts like Gartner, highlighting the shift towards cloud-native platforms.
- Debunking Common Myths: We tackle prevalent misconceptions about cloud transformation, particularly in the realm of FinOps. Learn why these myths are barriers to maximizing cloud ROI and how they lead to inefficient spending and untapped potential.
- Rethinking FinOps: This paper provides an in-depth look at how FinOps is evolving. It challenges the traditional view that reducing cloud spending is the sole focus of FinOps and emphasizes the need for a value-driven approach to cloud investments.
- Collaborative Approach to Cloud Decisions: Gain insights into the role of FinOps teams and the importance of collective responsibility across the organization. Understand why it’s crucial for IT, finance, and business units to align their priorities for a more effective cloud strategy.
- The Role of Engineers in Cloud Transformation: Learn about the critical role engineers play in FinOps initiatives and how to engage them effectively. This section breaks down the misconception that engineers are disinterested in FinOps and highlights the need for clear guidance and actionable insights.
- Beyond Financial Reporting: Discover why financial reporting, while essential, is not the sole driver of value-focused cloud management. We explore the importance of contextual financial indicators and integrating these insights into natural workflows.
- Navigating Cloud Cost Management and Optimization Tools: Understand the landscape of cloud cost management tools and the limitations of DIY solutions. The white paper discusses the need for adaptable, comprehensive tools that cater to the specific needs of businesses.
- The Promise of Automation in FinOps: We analyze the role of automation in FinOps and the challenges in implementing effective automation strategies in enterprise environments.
Our exploration of various myths about clod exposes a compelling need for a paradigm shift in how we approach FinOps. It’s time to move beyond simplistic narratives and embrace a nuanced, value-driven perspective. By demystifying these misconceptions, we equip organizations with the necessary awareness and tools to unlock the full potential of their cloud investments, paving the way for a future of optimized costs, maximized ROI, and transformative success.
What is a cloud platform? A cloud platform refers to the operating system and hardware of a server in an Internet-based data center. It allows software and hardware products to co-exist remotely and at scale.
So, how do cloud platforms work? Enterprises rent access to compute services, such as servers, databases, storage, analytics, networking, software, and intelligence. Therefore, the enterprises don’t have to set up and own data centers or computing infrastructure. They simply pay for what they use.
Types of Cloud Platforms
There are several types of cloud platforms. Not a single one works for everyone. There are several models, types, and services available to help meet the varying needs of users. They include:
- Public Cloud: Public cloud platforms are third-party providers that deliver computing resources over the Internet. Examples include Amazon Web Services (AWS), Google Cloud Platform, Alibaba, Microsoft Azure, and IBM Bluemix.
- Private Cloud: A private cloud platform is exclusive to a single organization. It’s usually in an on-site data center or hosted by a third-party service provider.
- Hybrid Cloud: This is a combination of public and private cloud platforms. Data and applications move seamlessly between the two. This gives the organization greater flexibility and helps optimize infrastructure, security, and compliance.
A cloud platform allows organizations to create cloud-native applications, test and build applications, and store, back up, and recover data. It also allows organizations to analyze data. Organizations can also stream video and audio, embed intelligence into their operations, and deliver software on-demand on a global scale.
What is a hybrid cloud service?
Why private cloud over public cloud?
What is hybrid cloud management?
Azure Integration Services is an offering by Microsoft Cloud for performing mission-critical integrations. It provides Azure customers with a serverless compute experience that helps drive efficiency and consistency when connecting applications.
The Case for Azure Integration Services
Things have changed fundamentally in the IT integration world. A few years ago, we had integration specialists and architects whose sole purpose was to help organizations with integration. Today, things are different. The need for organizations to increase the rate of business change (digital transformation) now drives integration.
Enterprises rely on all manner of mission-critical apps. Microsoft Azure handles mission-critical cloud workloads with ease. If a company cannot integrate mission-critical apps to an organization, the value of the apps diminishes. The Azure’s integration services and capabilities give enterprises incredible value, both externally and internally.
Application Integration Is the Digital Transformation Backbone
According to Gartner, almost two-thirds of enterprises will have a hybrid integration platform in place soon. As a result, enterprises will be able to pace their time to market and efficiency, among other things.
There are four main integration scenarios. They include:
- Application to Application
This involves connecting applications within the organization. These applications might run on-premises, in the cloud, or in a hybrid setup.
- Software as a Service (SaaS)
This involves the connection of business applications to Software as a Service providers’ applications. SOAP and REST interfaces usually do this integration.
- Internet of Things (IoT)
This involves integrating applications with IoT devices. The popularity of IoT is increasing, and a cloud-based integration solution is perfectly suited to address this variety of new integrations. This is because companies can access it from any location.
- Business to Business
This involves connecting the applications of your organization with those of a partner organization. It relies on standard formats, such as Electronic Data Interchange (EDI).
When you’re building applications that talk to different systems and share data, there are some inherent challenges you’re bound to face. Here are some of them:
- Each system has different formats, APIs, and data sources.
- Some services are service-oriented, while others you distribute.
- Some services reside on-premises while others reside in the cloud.
The solution to these problems is IPaaS (Integration Platform as a Service). Many organizations are now moving to IPaaS to overcome integration challenges. This is where Azure Integration Services comes in.
Azure Integration Services
Building an integration platform involves four key components. We need to look at its parts:
- API Management
- Azure Service Bus
- Azure Logic Apps
- Azure Event Grid
The platform allows you to connect applications within your business to improve productivity and improve time to market. You can also connect applications between businesses to strengthen relationships and facilitate collaboration.
Azure API Management
Azure allows you to publish API’s within a safe environment and connect them to back-end systems located anywhere in the world. This is a boon for businesses looking to expand their operations, find new customers, drive deeper customer engagement, and create new channels.
You can take any back-end system and seamlessly launch an API program with Azure API Management. Some benefits of using Azure API Management include:
- It attracts developers.
- It works with any scale, API, and host.
- It launches secure and optimized APIs.
- It gets insights into the performance of your APIs.
Azure Logic Apps
The Logic Apps allow you to automate your workflows and orchestrate your organization’s business processes. It simplifies how you design and build scalable solutions for:
- Data Integration
- App Integration
- System Integration
- Business-To-Business (B2B) Communication
- Enterprise Application Integration (EAI)
So, what are the benefits of Azure Logic Apps?
- Reduce integration challenges with out-of-the-box connectors
- Cloud-based business-to-business and enterprise messaging
- Integrate and connect data from the cloud to an on-premises deployment
- Web-based workflow designer
Azure Service Bus
This is a scalable and reliable enterprise messaging solution. It allows you to transfer data between different services and applications using messages. The message is in binary format and can contain text, XML, or JSON.
Some advantages of Azure Service Bus include:
- It simplifies cloud messaging.
- It allows you to build scalable, reliable cloud solutions.
- It builds enterprise messaging platforms with complex message routing.
Azure Event Grid
The Azure Event Grid gives users a simple event-based publish-subscribe (pub-sub) model. You get to build applications using an event-driven pattern. It allows you to only react and do stuff when things happen. This makes it easier for others to program their own interfaces on the back of these events.
So, what are the benefits of Azure Event Grid?
- It has an HTTP-based event delivery that’s simple and easy to use.
- You can build more reliable apps through reactive programming.
- It enables you to focus on product innovation.
Azure Integration Services is a great way to connect with partners, create relationships with other businesses, and discover new business opportunities. And the best part is, you can do this in quick time to market.
Our partners are at the core of every decision we make as a business, from marketing to lab creation to CloudBolt finding creative ways for partners to maximize their revenue growth. It’s for that reason we’re thrilled to announce the launch of the brand-new CloudBolt Rainmaker Partner Program.
The program is part of our approach to the cloud market. We see a shift to an “all things as-a-service” market landscape, where partners need a wider variety of tools in their toolbelts to help ensure they can meet customers wherever they are on their hybrid cloud, multi-cloud journey. We’re taking an approach to partners that includes:
- 100% of leads being taken to partners – every lead: new, renewals, ALL.
- Solutions that deliver an unrivaled time-to-value for our customers.
- Helping partners build or retain their relevance as trusted advisors; CloudBolt helps partners not be single-threaded in accounts, but pivot to critical areas: DevOps, Security, ITOps, FinOps, Infrastructure, Virtualization and Procurement.
- Just being easy to do business with—ensuring CloudBolt is seen as a business partner and not just another software manufacturer.
With the Rainmaker program as our supporting structure, partners will be positioned for greater success in helping our joint customers be successful on their digital transformation and modernization paths. We couldn’t be more excited about the program and the tangible benefits for our partners and customers across the globe.
Here are six reasons why partners will love the CloudBolt Rainmaker Partner Program
Adaptable Program Structure. Rainmaker supports partner agility by accommodating the various roles the partner is playing for their customer, whether it be resale, managed services, distributor, developer or advisor – or a combination of these roles. CloudBolt is not putting partners in a box, or limiting their ability to showcase their unique value.
Competitive Partnership Levels. Focused on achievement and advancement, the Rainmaker program is structured with four levels of partnership. Storm, the highest level, provides dedicated sales, marketing and technical support in addition to rich discount/ margins and incentives. To ensure there is protection and great earning potential for partners that come in below the Storm tier, there’s Lightning and Thunder, which provide growth opportunities and incentives to move to higher levels as a partner gains traction in the market with their cloud practice, and Wind tier for referral partners, who aren’t ready to make a formal commitment, but understand their clients have a need for what CloudBolt delivers.
Multi-dimensional Solutions Framework. Partners can position themselves for new opportunities to increase profitability, shifting focus from the cycle of one-time product resale to recurring customer value and meeting customer needs. We provide a comprehensive solutions framework allowing partners to meet customers’ needs depending on where they are in their cloud lifecycle, including: IT automation, self-service IT, cloud cost and security optimization, and an integration-as-a-service platform.
Partner Training and Enablement. Rainmaker partners are provided with comprehensive on-boarding and training, and always have the full support and expertise of CloudBolt on their side. Via CloudBolt University and our Center of Excellence, we provide training and enablement for sales, pre-sales and services personnel to ensure Rainmaker partners are provided with comprehensive access to expertise. Our portal is a one-stop destination gateway where partners can find exactly what they need from: a place to log support requests, register deals, find co-branded collateral templates, apply for MDF, request not-for-resale license keys (“NFR”), Sales assets and support tools, as well as our learning management system upon which CloudBolt University is built.
Joint Partner Marketing. CloudBolt works closely with partners and equips them with everything they need to sell and support their solutions, including quarterly demand generation planning, campaigns in-a-box, joint events, co-marketing funds and social media cards. Additionally, partners can streamline the management of joint marketing programs while helping to defray marketing costs.
SPIFFs and Financial Incentives. CloudBolt willingly provides fiscal incentives to Rainmaker partners to incentivize and reward individuals for activity that helps grow the pipeline and close deals. We fully embrace putting the investment into those partners committed to investing in us.
For our channel partner friends: don’t wait a second longer. So be part of something great and join the CloudBolt Rainmaker Partner Program. Let’s make it rain even more!