InícioNewsDemand for FinOps grows 21% in 2024 according to FCamara group company

Demand for FinOps grows 21% in 2024 according to FCamara group company

FinOps, a solution that combines Finance and DevOps into a practice involving business and computer engineering teams, is a practice that analyzes cloud data usage to optimize both availability and storage cost reduction. To understand how this type of implementation is increasingly sought after, SGA, part of the FCamara group, observed a 21% increase in demand in 2024.

In four years, the company managed to generate savings of R$72 million for its clients through FinOps, primarily in the financial, healthcare, and retail sectors. “By December, we will complete approximately 130 projects, resulting in significant optimization of cloud data usage,” emphasizes Sgorlon. In one of the company’s most recent cases, the client achieved savings of R$2.6 million in one year. In the first quarter, the reduction was R$660,000, or a 20% decrease in cloud costs.

The relevance of this value can be seen by analyzing data from the Tangoe report, a company specialized in IT cost management, which interviewed over 500 professionals. The research indicates that enterprise cloud costs increased by an average of 30% last year, with AI being one of the main drivers of this increase. Therefore, while cloud adoption has brought storage convenience to organizations, it has also introduced a challenge in budget management.

FinOps addresses this need to balance usage and costs, providing solutions that align financial and operational areas—two fronts that effectively need to maintain good dialogue for business health. According to Global Market Estimates, the global FinOps cloud market is expected to grow from $832 million in 2023 to $2,750 million by 2028, with a compound annual growth rate (CAGR) of 18.8% during the period.

Part of the technology and innovation ecosystem of the Brazilian multinational FCamara, SGA specializes in developing cloud solutions, including FinOps, using IBM tools such as Apptio (Cloudability) and Turbonomic. “We have observed significant results in optimizing cloud consumption for medium and large enterprises,” says Armindo Sgorlon, CEO of SGA. All these savings we provide to our clients have allowed resources to be reallocated to strategic areas such as employee development, security, and infrastructure. “This success has enabled companies to expand their workloads sustainably and invest in crucial innovations that were previously unfeasible,” he adds.

These gains directly reflect the optimization of internal and external processes, allowing previously underutilized cloud resources to be redirected to strategic initiatives such as security, artificial intelligence, and customer service, enhancing the efficiency of business operations.

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