In today’s world, the vast majority of organizations have adopted either a public cloud or private cloud, however, within these organizations, their IT professionals face the challenge of determining the best ROI with placement of their dollars against Cloud Services provided by either Public Clouds or Private Clouds.

Incorporating private clouds into your organization’s FinOps strategy offers numerous strategic advantages, particularly in terms of cost optimization and resource management. In addition to cost control and visibility that the private cloud, fixed cost model provides, private clouds offer flexibility in resource allocation and customization, enabling organizations to tailor hardware configurations for their specific workloads.

FinOps is more than shopping for the right price and then getting surprised by variable bandwidth costs, FinOps requires proactive management of variable cloud costs. FinOps is a cultural shift which fosters a collaborative culture within an organization, it requires all teams responsible for decision-making on cloud resources and optimizing the spend with carefully monitoring and reporting.

Cloud has matured dramatically in the last 10 years. In the beginning there were only a few cloud deployment model options. Today, in 2024, there are many easy and fast ways to get cloud. Let’s go through different cloud deployment models that are mature and provide a quality experience when measured against solid cloud native requirements.

Cloud Cost Optimization

Cloud cost optimization is the practice of efficiently managing the cost of your business’ cloud computing resources. An effective cloud cost optimization strategy ensures that your business gets the best value from its cloud investments. This strategy will find the right balance between performance, cost, compliance, and security for each workload or application your business has in the cloud.