FinOps, a solution that combines Finance and DevOps in a practice involving business and engineering teams, is a practice that analyzes cloud data usage to optimize both availability and cost reduction with storage. To understand how this type of implementation is increasingly in demand, SGA from the FCamara group observed a 21% increase in demand for 2024.
In four years, the company managed to generate a savings of R$ 72 million for its clients through FinOps, mainly in the financial, healthcare, and retail sectors. "By December, we will complete approximately 130 projects, resulting in a significant optimization in 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 20% less in cloud costs.
The relevance of this value can be seen by analyzing the 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% in the past year, with AI being one of the main contributors to this increase. Therefore, while cloud adoption brought ease of storage to organizations, a challenge in budget management arose.
FinOps addresses this need to balance usage and costs by providing solutions that align financial and operational areas – two fronts that must effectively maintain good communication for business health. According to Global Market Estimates, the global cloud FinOps 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% over 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 companies," says Armindo Sgorlon, CEO of SGA. All the savings we provide to our clients have led to resources being reallocated to strategic areas such as employee development, security, and infrastructure. "This success enabled companies to expand their workloads sustainably and invest in crucial innovations that were previously unfeasible," he adds.
These gains are directly reflected in the optimization of internal and external processes, allowing resources previously underutilized in the cloud to be redirected to strategic initiatives, such as security, artificial intelligence and customer service, increasing the efficiency of business operations.
