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

FinOps, a solution that unites Finance and Devops in a practice involving business and computer engineering teams, is a practice that analyzes the use of cloud data to optimize both availability and storage cost reduction.To understand how this type of implementation has been increasingly sought, the SGA, FCamara group, observed an increase of 21% in demand in 2024.

In four years, the company has managed to generate savings of R$ 72 million to its customers by FinOps, mainly in the financial, health and retail sectors. “As of December, we will complete approximately 130 projects, resulting in a significant optimization in the use of data in the cloud”, Sgorlon points out. In one of the most recent cases of the company, the customer has achieved savings of R$2.6 million in a year. In the first quarter, the reduction was of R$ 660 thousand, or less 20% in cloud costs.

The relevance of this value can be seen by analyzing the data from the report of Tangoe, a company specialized in IT cost management, which interviewed more than 500 professionals.The survey points out that enterprise cloud costs increased, on average, 30% in the last year, with AI being one of the main responsible for this increase. Therefore, at the same time that the adoption of cloud brought ease of storage in organizations, a challenge in budget management arose. 

FinOps responds to this need to balance usage and costs by providing solutions that align financial areas with operational areas (two fronts that need to effectively maintain a good dialogue for business health. According to Global Market Estimates, the global FinOps cloud market is expected to advance from US$ 832 million in 2023 to US$2.750 million by 2028, with a compound annual growth rate (CAGR) of 18.8% in the period.

Belonging to 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 companies”, says Armindo Sgorlon, CEO of SGA. All this savings we provide to our customers has meant that resources were reallocated in strategic areas such as employee development, security and infrastructure.“This success has enabled companies to expand their crucial workloads in sustainable ways.

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