Driving Financial Accountability in Cloud Spending

FinOps at IBM focuses on managing and optimizing cloud costs, driving financial accountability, and reducing resource waste. This discussion explores IBM’s FinOps journey with their Hyperscaler Center of Excellence (CoE), which led to substantial savings and improved cloud resource management.

• Cloud Cost Management: Prior to establishing the CoE, IBM experienced sprawl in public cloud usage, leading to 20%-30% growth in cloud spending and 25% waste in orphaned accounts and over-provisioning.
• Financial Accountability: The FinOps Hyperscaler CoE rolled up all cloud spending across different business units, giving them the ability to make recommendations to maximize every dollar spent with hyperscalers.
• Resource Optimization: Even with a small team, IBM was able to achieve a 25% reduction in cloud resource waste, saving $50M in a short amount of time.