FinOps Insights and Management from Spot by NetAppv1.0

1. Executive Summary

Modern IT environments increasingly employ complex multicloud infrastructures that prove challenging to provision, monitor, and manage. The discipline of FinOps (a blending of ”finance” and “DevOps”) enables organizations to collaborate to get maximum business value from the cloud by supporting data-driven decision-making on cloud spending. A growing cadre of FinOps solutions are designed to detect opportunities for cost savings, achieve waste reduction, and provide the right sizing recommendations and resource optimization. These tools can support organizations at all levels of maturity, making a FinOps practice possible for virtually every organization that uses the cloud.

Spot by NetApp provides a robust FinOps offering with a broad portfolio of functional modules and FinOps capabilities. The depth and breadth of capability are extensive, so in this report, we discuss specific elements of the Spot by NetApp FinOps functionality that focuses on providing stakeholders with costs and billing insights, efficiency, and management.

These capabilities provide an excellent starting point for organizations embarking on their FinOps journey. They allow an organization to ease into the basics of visibility and optimization recommendations with a simple implementation and intuitive dashboards. Organizations can then grow and expand their FinOps capabilities as they learn and improve their processes.

The FinOps Foundation is dedicated to advancing the discipline of cloud financial management through best practices, education, and standards. According to its 2024 State of FinOps report, the top priorities for organizations engaging FinOps solutions are reducing waste or unused resources and managing commitment-based discounts. The report further identifies accurate forecasting and full allocation of spend as important areas of focus. These areas align with the Spot by NetApp FinOps insight and management capabilities.

This document explores the challenges organizations face with their cloud spend and the escalating need for FinOps to manage it. We analyze the value provided to support various FinOps use cases. We also show how FinOps stakeholders can leverage data to discover anomalies, implement changes, and to focus on optimizing cloud spend, leading to double digit percentages in cloud spend savings.