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CloudFinOps

Beyond Cost Cutting, The Strategic Power of FinOps

The cloud offers incredible scalability and agility, but it can also lead to unchecked spending. FinOps is a crucial discipline that blends finance, technology, and operations to optimize cloud costs and maximize the business value of cloud investments. It’s about building a culture of cost awareness and accountability.  Why is FinOps Essential?  The cloud’s dynamic nature often leads to:  Overspending: Paying for unused or underutilized resources.  Lack of visibility: Uncertainty about where cloud budgets are going.  Budget surprises: Unpredictable cost spikes.  Siloed teams: Finance and technology working in isolation, causing inefficiencies.  These challenges are universal, as highlighted in the video “3 เหตุผลที่ทุกองค์กรต้องใช้โซลูชัน FinOps ” (3 Reasons Every Organization Needs FinOps), which emphasizes the importance of cost visibility, optimization, and establishing a strong FinOps culture within organizations.  The FinOps Framework: Inform, Optimize, Operate  FinOps follows a continuous cycle:  Inform: Gain visibility into cloud costs and usage through detailed billing data, dashboards,

MFEC

MFEC

MFEC Participated in Cloud Forum Bangkok 2024

MFEC participated in Cloud Forum Bangkok 2024, showcasing DataWise and the Cloud team at a booth dedicated to presenting interesting technology trends.   At the booth, DataWise highlighted its 4 Pillars: – Modernized Databases  – Intelligent Data Platform  – Advanced Analytics  – Artificial Intelligence  These pillars demonstrated the end-to-end capabilities of the Data team and showcased compelling use cases to illustrate how data can effectively solve problems and be utilized in real-world applications. In addition to data solutions, MFEC introduced a Cloud-FinOps package, offering solutions that enhance cloud utilization within organizations, allowing for centralized management of all cloud services on a single interface and facilitating cost efficiency. Additionally, Mr. Pattarapol Puangthong, Solution Consultant Manager from DataWise, was honored to present on the topic “Energize Your Business with AI and WISE Expertise,” which focused on the development of AI in organizations, starting with three foundational elements of trust: 1. Trust in People

MFEC

MFEC