Government entities are growing their cloud investment portfolios at an increasing rate, and 54% say that modernizing with cloud is among their top technology priorities. Agency heads report significant challenges in managing cost and procurement as well as communicating value from cloud investments, and recommendations are being made to make attempts to operationalize cost management for the government cloud.
To reduce this, the GAO recommends (GAO-22-106195) “that OMB require agencies to explicitly report cloud savings, and that agencies establish a repeatable mechanism to track cloud savings and avoidances.” With this in mind, agencies and public sector organizations along with the partners that support them are in a period of normalizing cloud operations with financial savings in mind, while tying those operations into their wider technology investment frameworks.
The FinOps Foundation has resources and enablement for cloud cost management practices, and has recently updated their framework. In addition, they provide targeted guidance in the form of a public sector playbook. The Federal Government (via the GSA, OPM and OMB) is also working on developing a best practices FinOps based framework for agencies to implement.
In order to prove the value of cloud investments and tie the financial and allocation information from cloud into a wider IT framework, the practice of Technology Business Management not only provides a framework to normalize the vocabulary of technology investments, but enables IT leaders to combine that allocation of cloud and traditional IT investment resources along with operational costs in the form of a service delivery model. The power of TBM is to not only keep track of IT investments and how they’re allocated across the organization for budgetary and planning purposes, but also to prove the value delivered by every IT investment dollar.
As Federal agencies and government organizations increase their reliance on cloud investments, it is becoming even more essential for them to manage it as a business would, where a FinOps practice working to operationalize the allocation and optimization of cloud expenses is tied into a wider IT service delivery framework that proves the value of every investment. Such an approach also importantly works toward normalizing the investment process and future delivery costs for the organization. It’s also important to note that some agencies have already reported success with the strategy of combining these frameworks. The graphic below illustrates how TBM and FinOps can work together to manage value delivery across organization IT operations. Learn more about the intersection of TBM and FinOps.
Now backed by IBM, Apptio and its network of experienced public sector facing partners is the only organization with a proven track record of developing a holistic IT practice incorporating both of these managerial concepts. Additionally, our suite of TBM and FinOps solutions are the only ones that are FedRAMP-authorized and are industry leading solutions in their own right.
We hope you’ll join us at Apptio’s Public Sector Summit on April 10th and 11th where we’ll be diving into the details of how Federal agencies and public sector organizations can overcome the challenges of reeling in fast-paced cloud environments with procurement models and processes, and tie cloud operations into their wider IT investment framework to deliver the most bang for their technology buck.
IT and Finance leaders from agencies across the spectrum will share how they took control of their cloud strategy and tech investments to drive value for their organizations. You’ll have the opportunity to collaborate first-hand with a diverse group of experienced professionals and attend sessions to accelerate your TBM and cloud FinOps maturity. Learn about the latest in FinOps, TBM, portfolio management, Apptio’s FedRAMP authorized solutions, and what’s coming now that Apptio has joined the IBM family.
We’ll also talk about proving value, operationalizing and reporting cost optimization and savings across your organizations.
Public sector service partners are supporting and speaking at our two-day event alongside some of the most experienced agency professionals.
Check out on-demand sessions and resources from last year’s summit.
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