FinOPS / Cloud Economics

Enjoy the power of unlimited scalability in the cloud without breaking the bank

We help organizations align their IT investments with their strategic goals in the digital age to gain a competitive advantage. Our goal is to help organizations optimize their IT investments for maximum ROI.

FinOps/Cloud Economics services

OpenSys cloud economics team evaluates the costs and benefits of migrating to the cloud. We give you a detailed plan that demonstrates how you can optimize your resource allocation, forecast your CAPEX and OPEX expenses over a horizontal period, and maximize your return on investment. By analyzing factors such as pricing models, scalability, elasticity, and cost management strategies, OpenSys team helps customers make informed decisions that align with their budgetary goals to harness cloud computing's full potential.

Budgeting, Forecasting & Spend Visibility

The OpenSys FinOps team assists in setting cloud spending plans, forecasting future costs, and identifying potential cost overruns before they occur. Our assessments are based on business requirements and historical usage patterns. As part of our service, we will help set up a cloud-based cost management system that allows you to track, tag, and identify your costs to address any potential budgetary challenges. We help you in understanding and tracking cloud costs. This involves monitoring usage patterns, resource consumption, and associated costs across various cloud services and providers

Optimizing and Rightsizing

The OpenSys team employs various strategies to optimize costs. We create optimization processes to monitor cloud resources that eliminate waste, rightsizing instances, scaling resources on demand, and leveraging different pricing models to improve cost efficiency. We also identify idle or underutilized resources, right-size instances based on usage patterns, utilize cost-effective storage options, and leverage reserved instances or partner savings plans to drive down costs.

Policy and Governance

The OpenSys FinOps team helps clients establish policies and governance frameworks to ensure efficient and responsible cloud usage, by defining guidelines and best practices for resource provisioning, cost management, security, compliance, and usage limits. We develop programs such as governance committees and spend management forums that drive collaboration between finance, operations, and development teams to ensure that there is cost awareness and accountability.

Training and cross-functional collaboration

The OpenSys FinOps team trains and mobilizes key resources on our Client teams to get a deep understanding of how to track and manage cloud costs. We teach them how to use real-time tools to monitor usage patterns and resource consumption across various cloud services and providers. As a result, engineering, finance, and operations teams become more financially literate, allowing them to make informed decisions regarding cloud spending.

Our Approach

Optimizing Cloud Economics and Driving Efficiency with FinOps

In today’s digital landscape, optimizing cloud economics and driving efficiency has become crucial for businesses seeking to maximize cloud investments. At OpenSys, our approach to Cloud Economics & FinOps is centered around enabling organizations to gain better control, visibility, and cost optimization in their cloud environments. Through a combination of advanced analytics, strategic planning, and proactive monitoring, we help businesses identify and capitalize on cost-saving opportunities while ensuring optimal performance and scalability. Our team of experts leverages industry-leading tools and methodologies to analyze cloud usage patterns, identify cost drivers, and implement effective cost allocation strategies. By empowering businesses with comprehensive cost visibility, real-time monitoring, and actionable insights, we enable them to make data-driven decisions that align with their financial objectives. With our Cloud Economics & FinOps approach, businesses can achieve greater cost efficiency, enhance resource utilization, and drive sustainable growth in the cloud environment.