Mark Butcher, Managing Director - Posetiv Cloud Ltd

Mark Butcher, Managing Director - Posetiv Cloud Ltd

FinOps – A new financial model for everyone in the business to own

The upsides of cloud are well known, releasing the innovation inside your business, transforming how you deliver services and letting you reach your end-users faster and in more creative ways. The downsides however don’t often make the headlines. Too often the same issues are raised by procurement and finance departments across the land “why is our bill spiralling”, “who authorised this”, “which department bought this service”?

Real world statistics show that nearly every cloud consumer is wasting between 20% to 80% of their cloud spend, with the average being more than 35%. The impact of this waste is that budgets get rapidly consumed by unnecessary spending, operating margins decrease and frustration with IT increases. Equally importantly it causes cultural difficulties and factions within departments to form, hitting productivity and inhibiting innovation.

The resolution to this problem is Financial cloud management or “FinOps”. FinOps is the financial operating model for the cloud, delivering financial and operational control for cloud and cloud related spend. Attend this session to find out why this relatively new cultural practise is rapidly being adopted by cloud consumers across the globe to not only introduce financial governance but also to bring together teams from across the organisation, including technology, business and finance professionals.

Find out how you can gain a better understanding of your cloud expenditure and make value-based decisions on how to grow and scale cloud consumption without risk, breaking free from the harsh reality of the cloud – cloud spending is like gravity, it will always float up unless you actively manage it.

Speaker Bio

Mark Butcher, a cloud specialist with a long history of helping organisations large and small transform how they consume their cloud services, making them more efficient, better protected and helping drive significant savings through optimisation and operational efficiencies

About OSX

CHANGING THE WAY THE WORLD DOES BUSINESS.

CONNECT.

COLLABORATE.

CREATE THE NEW FUTURE.

Organisers

112-114 High Street
Rickmansworth
Hertfordshire
WD3 1AQ
UK