Nutanix Enters the FinOps Fray: Joining the FinOps Foundation as a General Member
By Charlie Boyden, Nutanix Product Marketing Manager; Harish Sundaram, Nutanix Group Product Manager
Organizations are embracing hybrid multicloud strategies to drive agility, innovation and cost optimization. However, this approach introduces complexities in managing and optimizing costs across different cloud providers.
The Nutanix Cloud Manager (NCM) Cost Governance solution addresses these challenges by offering a comprehensive multicloud cost management service that provides customers with visibility, optimization and control over their private and public cloud deployments.
Emphasizing this commitment to helping our customers manage cloud spend, Nutanix is thrilled to announce our membership in the FinOps Foundation, a program designed to advance the discipline of cloud financial management among IT organizations globally.
“Joining the FinOps Foundation aligns perfectly with our mission to empower customers to make informed decisions about their private and public cloud investments,” said Anindo Sengupta, vice president of product management at Nutanix. “We're excited to collaborate with other industry leaders to drive innovation in cloud financial management and help organizations maximize the value of their cloud spend.”
What is the FinOps Foundation?
The FinOps Foundation, a project of the Linux Foundation, is dedicated to advancing cloud financial management through best practices, education and standards. With over 23,000 members representing more than 1,000 companies globally, the Foundation serves as a collaborative hub for cloud financial management professionals, vendors and cloud providers.
It offers comprehensive training programs and certifications while continuously developing and promoting best practices for effective cloud cost-optimization and management. By joining the FinOps Foundation, Nutanix aligns itself with these goals and commits to contributing to the advancement of cloud financial management practices on a global scale.
Ongoing Support for FinOps
The Nutanix commitment to FinOps principles is evident by our recent innovations: The launch of FinOps-as-a-Service and our new Variance Analysis feature. FinOps-as-a-Service combines the capabilities of Nutanix Cloud Manager (NCM) Cost Governance with Nutanix professional services, providing businesses with the tools and skills to identify cost savings and hold cost centers accountable for their cloud spend.
Our improved Variance Analysis feature helps IT and finance teams quickly identify and understand discrepancies between planned and actual cloud spending. These advancements empower organizations to make data-driven decisions, proactively manage cloud expenses, and align spending with business objectives across both private and public cloud environments.
How Nutanix Cost Governance Aligns with FinOps Foundation Key Principles
Visibility: NCM Cost Governance provides a comprehensive view of cloud spending across all major cloud providers, enabling data-driven decisions and shared ownership. Our unique strength lies in granular unit economics for your private cloud, offering VM and application-level cost analysis based on TCO. This enables precise internal showback and service provider rate card-based costing, surpassing typical cluster-level and datacenter-level costing.
Optimization and Automation: Cost Governance combines optimization and automation to fully leverage the variable cost model of the cloud, a key FinOps principle. It offers recommendations and insights to help organizations optimize their cloud usage and reduce costs. Simultaneously, it automates many tasks associated with cloud cost management, freeing up IT and finance teams to focus on strategic initiatives that drive business value.
Collaboration: Cost Governance facilitates cross-team collaboration through a unified platform for cost management. It enables central FinOps teams to implement a shared responsibility model, utilizing features like chargeback, budgeting, and invoicing to drive organizational alignment.
What Nutanix will do as a Member of the FinOps Foundation
Participate in working groups to develop and refine FinOps best practices
Contribute to open-source projects that advance cloud financial management
Offer our expertise in hybrid multicloud environments to the FinOps community
What’s Next?
Our membership in the FinOps Foundation represents a significant step in our ongoing commitment to helping customers optimize their cloud investments. By combining our innovative solutions with the collective knowledge of the FinOps community, we're poised to drive meaningful advancements in cloud financial management.
We invite our customers and partners to join us on this journey towards more efficient, transparent and accountable cloud operations. Stay tuned for more updates on how Nutanix is leveraging FinOps principles to enhance our products and services.
To learn more, visit the Nutanix Cloud Manager Cost Governance web page.
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