Snow Blog x3 11.23

6 Collaborative Use Cases for FinOps and ITAM Teams

November 20, 2023

Author: Hayley Salyar from Snow Software (an ITAM Forum Patron)

This blog first appeared here on the Snow Software website.

Managing costs and resources efficiently has become paramount for organisations seeking to maintain competitiveness. Financial Operations (FinOps) and IT Asset Management are two distinct but interconnected fields that play a vital role in optimising costs and resources. This blog discusses crucial use cases, demonstrating how FinOps and ITAM collaboration can lead to streamlined processes and enhanced cost management.

These use cases are from the framework the FinOps Foundation established on how ITAM intersects with FinOps capabilities.

Read more

SN blog 11.23

Modern Business Demands Modern ITAM

November 16, 2023

By Bryan Blackburn, Product Marketing Manager – ServiceNow

The latest findings from ServiceNow’s annual IT asset management survey are out and reveal a significant turning point for ITAM. 450 IT leaders from across the world participated in this survey, which took place during July 2023. The ever-changing demands of business not only influence how organisations manage assets but also raise expectations for ITAM teams. These teams are now tasked with improving productivity, delivering visibility, and maximising the business value of technology assets.
Read more

SG blog 11.23

How FinOps Empowers Organizations to Tame Costs and Drive Efficiency

November 9, 2023

Author: Sergio Molina is Head of Cloud – FinOps at Santander UK and an ITAM Forum Ambassador (FinOps)

FinOps is a recent function and the natural response to addressing the challenge of understanding the true costs associated with Cloud Technology. Cloud FinOps really stands for Financial Management and DevOps. We define Cloud FinOps as a set of practices that combine financial management and technical expertise to optimize cloud spending and align investments with business goals.

Speed is the key distinction between operating and building products in cloud technology, as opposed to the server-based and on-premises computing paradigm. Speed encompasses availability, deployment, acceleration and product growth, which inherently results in rapid cost fluctuations. And the main reason why the speed is different, is that you are not buying infrastructure or ‘objects’ to place within your organization’s Data Centre. You are buying the time of the technology element, the capacity.
Read more

Snow Blog x2 11.23

Bridging ITAM and FinOps for Success Today and in the Future

November 9, 2023

Author: Apurva Mahendra from Snow Software (an ITAM Forum Patron)

This blog first appeared here on the Snow Software website.

In today’s business landscape, companies are adopting a hybrid infrastructure model with the public cloud experiencing rapid growth. Spending on the public cloud is projected to increase by 21.7% to $597.3 billion in 2023, up from $491 billion in 2022.

In this hybrid reality, FinOps professionals are tasked to derive the business value of cloud and work with other parts of the business (engineering, finance, business teams, etc.) to collaborate on data-driven spending decisions.

The north star principle1 from the FinOps Foundation is, “Teams must collaborate.” Among those teams and personas are the ITAM leader and ITAM practitioner, and they lay the groundwork for a successful cloud cost program.
Read more

Mastering modern SaaS management_ challenges, strategies, and solutions

Mastering modern SaaS management: challenges, strategies, and solutions

November 7, 2023

Author: Julien Kuijper
Global Product Manager, SoftwareOne (an ITAM Forum Patron)

This blog first appeared here on the SoftwareOne website.

Organisations face a multitude of challenges when it comes to managing their ever-expanding SaaS estate. These challenges can be categorised into two groups: those related to compliance and those associated with efficiency. To effectively address these challenges, organisations need a robust governance model that encompasses both.

Here, we answer some of the most frequently asked questions we receive about overcoming these challenges. Read more

Statistics for National Cybersecurity Awareness Month

Securing Your Digital World: Statistics for National Cybersecurity Awareness Month

October 26, 2023

Author: Mustafa Çelen
Software Asset Manager – Türk Telekom, ITAM Forum Ambassador – Infosecurity

October is National Cybersecurity Awareness Month, and there’s no better time to shed light on the critical importance of safeguarding our digital lives. As technology evolves, new cyber threats continue to emerge. In the last four years, Türkiye has witnessed an alarming rise in cybercrime. With 40.6 million people falling victim to 176 data breaches some of which had foreign origins. Globally, unauthorised access accounts for 43% of data breaches making it essential to comprehend the gravity of this threat. Read more

FinOps & ITAM

ITAM & FinOps. How it works in real life

September 18, 2023

You may not have noticed, but everyone’s talking about FinOps. The so-called “ITAM of the cloud” is on every ITAM practitioner’s mind right now. The question isn’t, “does ITAM need to get involved with FinOps?”, but, most importantly (away from the books, pundits, and webinars), “what does this look like in real life?”.

We recently hosted a webinar, FinOps + ITAM: How it works in ‘real life’, to find the answer this question. The event, hosted by the ITAM Review’s Rich Gibbons, tapped the knowledge of a global panel of ITAM & FinOps Certified Practitioners:

  • George Arezina, ITAM & FinOps Consultant, and SAM & SaaS Trusted Advisor
  • Ron Brill, Chairman; Anglepoint
  • Salome Hugo, Head of Enterprise ITAM; FNB South Africa
  • Sergio Molina, Cloud FinOps and Digital Transformation Lead; financial services company
  • Wuming Zhang, Lead Cloud Architect; Helvetia Versicherungen Schweiz

Read more

Convergence of SAM and Cybersecurity can bridge the data gap

SAM + Cybersecurity can bridge the data gap

August 29, 2023

Author: Rebecca Horton
Managing Director and Business Lead, USU

Cross-functional collaboration between Cybersecurity and ITAM has never been more essential for risk management and to mitigate IT vulnerabilities.

Modern IT estates are complex and multifaceted. Organisations are transitioning to off-premises cloud landscapes and breaking systems into components in containers. With thousands of applications and services scattered across hundreds of providers, environments, and platforms, leading analysts see a double-digit growth of public cloud services (BPaaS, IaaS, PaaS, SaaS) and an increasing migration away from computing in an on-premises corporate network. Read more