Believe’s marks a complete transition to the cloud, aiming to modernize its infrastructure and improve its technical performance. This cloud migration is based on a well-defined strategy, integrating the 7 Rs: Retire, Retain, Rehost, Relocate, Repurchase, Replatform, and Refactor. These steps allow for optimal management of applications and services, ensuring a smooth transition and increased efficiency.
FinOps Considerations
Believe’s FinOps approach is based on the need to provide Product and Tech teams with the necessary tools to manage their costs while ensuring controlled growth. Moving to the cloud, although beneficial, requires a major cultural shift and the adoption of best FinOps practices to avoid unexpected costs and maximize resources.
Embracing a FinOps model is like a band where global coordination and shared responsibility between Tech and Product teams harmonize!
The Keys to FinOps Success
Believe’s “Starter Plan,” with a progressive approach, aims to establish a sustainable FinOps culture. Believe is implementing appropriate KPIs and OKRs to guide management expectations and promote data-driven decision-making.
Advancements and Perspectives
Believe has already integrated a FinOps SaaS solution and enriched its internal data. Communication of best practices and collaboration are essential for the success of this initiative.
Our Believers emphasized the importance of a continuous improvement process in FinOps. By adopting effective communication, setting clear standards, and using automated tools, Believe aims to manage its cloud costs while supporting innovation and growth.
Automation, like a perfectly timed rhyme, is key to efficient cloud cost management.
