Operations | Monitoring | ITSM | DevOps | Cloud

Over the past decade, businesses have flocked to the public cloud, with the promise of faster innovation, improved scalability — and of course, cost savings. Yet for many companies, the reality of cloud migration has been a different story. CFOs are blindsided by high costs and uncontrolled spending. Meanwhile, engineering teams struggle to justify and explain their spend — often frustrated that finance doesn’t understand, even when spend is growing healthily along with the business.

FP&A is a strategic part of the finance organization and has the potential to drive important business outcomes. When done right, it can have a major positive impact on the future of the business. When done poorly, it can slow a company down. The role of FP&A has evolved. Today it isn’t just about taking inputs and crunching numbers — it’s about being a strategic advisor to the organization.

Serverless services save time. When you switch to serverless architecture, you offload redundant cloud management activities to your cloud provider and gain more time to focus on the most important parts of your business — development and innovation. Even better, you only pay for what you use, so you don’t have to worry about committing to reserved instances or committing to a savings plan. But there’s a catch.

For any company working in the cloud or using managed cloud services to create products, cloud costs represent a significant expense. If you lead an engineering team, you may have to defend your bill to your CEO or CFO. But here’s the challenge: Cloud costs can be difficult to communicate because engineers and executives often think about cost from different perspectives. As an engineer, you may think of costs in terms of AWS services, such as EC2 instances, storage, etc.

To explain how cost anomaly detection works in AWS, let’s first look at an analogy. Imagine you strategically propagate, cultivate, harvest, and replenish trees for a thriving forest products company. In keeping with your eco-friendly policy, you only harvest the trees with straight and tall trunks. You leave irregularly shaped trees alone. Your company doesn’t harvest trees you won't use.

Managing technology isn't your only responsibility as a CTO. You could be the CIO, Digital Enabler, Data Officer, and Engineering Leader all rolled up into one, whether you work at a startup, scaleup, or enterprise. Your role as a C-suite executive for engineering requires you to research and implement the newest, most efficient technologies. As CTO, you’re responsible for: The list goes on and on. That's why you, of all people, need the right tools to manage your vital role in the digital world.

There are many tangible benefits to using containers for your computing needs. Containers help break large applications into smaller packages that are more agile, scalable on-demand, resilient, cost-effective, and less resource-hungry than monolithic apps or workloads running on traditional virtual machines (VMs) or bare metal servers. They also enable developers to develop applications in one environment, deploy them in another, and run them anywhere.

Successful SaaS companies know that they can't rely on gut feelings alone to make business decisions. Data helps them uncover patterns, trends, opportunities, and potential gaps in their strategy that can give them a competitive advantage. Yet, simply collecting metrics can often give you a lot of data to analyze with little insight into what to do next.

Flexibility is one of the cloud’s biggest benefits, but also one of its biggest challenges. When you have different teams using resources in the cloud and deploying instances at the click of a button, your cloud environment could easily become chaotic. Without a definitive plan governing your cloud operations, your costs will inevitably spiral out of control. A cloud cost strategy is your action plan for managing costs and staying profitable while working and building products in the cloud.

Anyone familiar with the cloud understands there are a lot of misconceptions about how it works. For example, businesses often assume that operating in the cloud will be inherently less expensive than managing an on-premise application. But this is not always the case. In fact, your monthly cloud bill could be the same or more expensive than your on-premise costs.