Published On: June 24th, 20243 min read

MANAGING CLOUD COST AND
MAXIMIZING CLOUD VALUE
With enterprise cloud spend on the rise and frequently managed ineffectively, controlling and reducing these
expenses has become more urgent than ever for today’s businesses. Organizations need a FinOps practice that
drives financial accountability, cost efficiency, and cost optimization for consuming cloud services.
DMI’s FinOps+ solution helps customers with governance automation, total cost visibility, and continuous cost
optimization. More specifically, our solution includes several key functions: (1) Cost observability provides total
visibility into current and historical cloud costs, with flexible reporting, cost breakdown, and threshold-based
alerting. (2) Cost optimization applies AI to continuously right-size cloud resources, detect wasteful resources, and
provide evidence-based recommendations for optimizing cloud procurement. (3) Cost governance detects wasteful
cloud resources and unproductive usage, allows setting up policies and procedures for cost control, and automates
change management processes. (4) Cost communications automates communications on cloud expenditure
details for applications, projects, and organizations, and it provides charge-back/show-back reports for clear
understanding of cloud spend.
CLOUD
FINOPS +
BUSINESS BENEFITS
Automate End-to-end
Cost Management
Lifecycle
Our solution automates all
operational activities involved in
cloud cost management, including
reporting, analytics, monitoring,
alerting, change management, and
corrective and optimizing actions.
Control and
Reduce Cost
Our Cloud FinOps+ solution
eliminates wasteful cloud
resources and usage behaviors,
drives optimized cloud application
architecture, identifies cost
optimization opportunities,
controls the risk of cost overrun,
and delivers better cost efficiency.
Maximize Business
Value and Accelerate
Innovation
With effective cloud cost
management, organizations
can allocate more resources to
innovation and strategic initiatives,
driving greater business value.
Drive Cost Visibility
and Financial
Accountability
Continuous monitoring of cloud
resource provisioning, utilization,
and costs allows customers to
make informed decisions on cloud
cost management.
Improve Budgeting with
Evidence-based Cloud
Cost Forecast
DMI’s FinOps+ solution analyzes
historical spending patterns and
resource usage data to create
accurate budget forecasts,
minimizing the risk of budget
overrun.
Foster CrossOrganization Trust
and Collaboration
DMI’s FinOps+ solution fosters
close collaboration among finance
teams, cloud operation teams, and
application development teams by
providing access to a single source
of truth that enables seamless
cloud cost management.
FEATURES
DMI is a leading global provider of digital services working at the intersection of
the public and private sectors. With broad capabilities across IT managed services,
cybersecurity, cloud migration and application development, DMI provides on-site
and remote support to clients within government, healthcare, financial services,
transportation, manufacturing, and other critical infrastructure sectors. DMI has
grown to over 2,100+ employees globally and has been continually recognized as a
Top Workplace in both regional and national categories.
CONTACT
US TODAY
Detailed Observability:
DMI Cloud FinOps+ provides multicloud support and observability of both
performance and cost data in a single
pane of glass. It offers near real-time
granular visibility into cloud spend, broken
down by desired categories. The solution
enables real-time cost and utilization data
analysis on various resources and services,
as well as trends for each resource.
Smart Governance:
The solution implements tagging for
accurate cost allocation. It provides
budget control for multi-cloud projects
and shared resources cost split. Runtime
security scanning, KPIs tracking, and
automated alerting for abnormal usage
or exceeding budget thresholds are
included.
Flexible Dashboard:
DMI Cloud FinOps+ provides a single pane
of glass reporting on actual spending,
budget performance, forecast, and
optimization actions. It offers self-service
with role-based access controls, allowing
users to access relevant data without
involving developers or administrators.
Continuous Rightsizing and Cost
Optimization Powered by AI/ML
Technology:
DMI Cloud FinOps+ continuously
monitors and analyzes cloud resource
utilization for automatic rightsizing. It
detects unnecessary spending, provides
recommendations for rightsizing,
visualizes resource utilization trends, and
right-sizes all cloud resources.
Continuous Optimization:
The solution offers data-rich analysis
for continuous resource rightsizing
across multiple clouds, along with
comprehensive resource and service
optimization and automation. It
also provides intelligent resource
scheduling.
Cost Optimization for Cloud
Native Services:
DMI Cloud FinOps+ optimizes
containers and Kubernetes
configuration and startup/shutdown
operations. It also monitors and
optimizes costs for serverless and
PaaS services.
[email protected]
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