Oct 1, 2024

Benchmarking financial performance

The proof is in the metric

A famous quote from Peter Drucker, a famous author and business consultant reads: "If you can't measure it, you can't improve it". This is certainly the case for cloud financial management. The difficulty gets compounded by the fact that cloud runs a usage-based business model, which is different than your own in most cases. Heck, they even run different cost structures for individual services within the cloud itself. Because of this complexity, your engineering organization has to be empowered to make their own decisions at the edge to make full use of the cloud benefit. Each adding an extra layer of complexity and obscurity to finance teams.

The importance of data

How can you now make sense of all this complexity? You need metrics. But before that, you need clean data that drives the metrics. Optimaze solves for both sides of this problem. Where traditionally your cost attribution is stale and inflexible, Optimaze cleans and enriches your data with AI, integrations, and in other unique ways, all in real-time. This means your metrics are granular, which for the first time will allow your organisation to benchmark both internal performance, and compare against Optimaze's aggregate benchmarks.

Timely data means timely action

The real-time aspect is important in this context, because of the previously mentioned freedom development teams get in the cloud. It means things are constantly moving. This is also why a centralized FinOps organization generally struggles to make a lasting impact. With real-time metrics your enterprise is able to provide relevant benchmarks both at ground level for decentralized action, and at leadership level, so you can make better business decisions, reward good performance, and drive a culture of efficiency.





Ready to take control of your cloud costs?

Get started with Optimaze today

Ready to take control of your cloud costs?

Get started with Optimaze today

Ready to take control of your cloud costs?

Get started with Optimaze today

Ready to take control of your cloud costs?

Get started with Optimaze today

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Copyright © 2024 All Rights Reserved by Optimaze Services Pty Ltd

Cloud optimisation powered by AI

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Copyright © 2024 All Rights Reserved by Optimaze Services Pty Ltd

Cloud optimisation powered by AI

Join our mailing list

Copyright © 2024 All Rights Reserved by Optimaze Services Pty Ltd

Cloud optimisation powered by AI

Join our mailing list

Copyright © 2024 All Rights Reserved by Optimaze Services Pty Ltd