Why FinOps should be intergrated into IT Asset Management

Why FinOps should be intergrated into IT Asset Management

July 18, 2023

Author: Sherry Irwin
Founder of Technology Asset Management Inc; ITAM Forum Trustee, ITAM Forum Canada Chapter Lead

According to the FinOps Foundation Technical Advisory Council, FinOps is “an evolving cloud financial management discipline and cultural practice that enables organizations to get maximum business value by helping engineering, finance, technology and business teams to collaborate on data-driven spending decisions.”

Indeed, other sources describe FinOps as a cost management paradigm shift, which “…strives to bring together technology, business and finance professionals to better understand cloud costs and make more informed decisions”.

Most, if not all, of the coverage suggests that FinOps is a new focus and function, typically driven by and located within the financial organization; and, with its own principles, framework, phases, maturity model and practices (capabilities).

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Wisdom EMEA 2023 Wrap Up

We gained wisdom last week at Wisdom EMEA 2023

June 22, 2023

Last week, Wisdom EMEA was back in person and with a bang. It’s excellent agenda filled with interesting sessions (lead by a wide range of ITAM industry experts) made it hard at times to choose which breakout room to enter.

Below are six of our top takeaways from Wisdom EMEA. We tried to keep this list to five, but there simply was too much good information.

Reinventing ITAM for the Future:

Shadi Khoshab from SoftwareOne addressed what ITAM needs to manage (thinks Saas and FinOps), how it needs to operate (think value-driven), and what it needs to cover (think closer relationships with IT Service Management, Operations Management, Infosecurity and Sustainability – “Who better than ITAM to help avoid wastage.”). Furthermore, with the technology landscape evolving at an incredibly fast pace, there’s a real opportunity for ITAM to step up and evolve. Oh no, no, no…ITAM is certainly no longer just about license management.
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Sustainability: How ITAM can make a difference

Sustainability: Where and how ITAM can make a difference

June 12, 2023

This blog first appeared on the Angelpoint website.  Angelpoint is an ITAM Forum Certification Patron.

Last week we invited members of the ITAM community to our London office to discuss a topic close to our hearts.  Sustainability in ITAM. These regular roundtables are designed to be a place to share common challenges, questions, and ideas about the pressing issues of our industry. And this one brought up lots of questions.

There’s no doubt sustainability is a hot topic these days. Get a group of CIOs together to talk about what’s on the horizon and no doubt it will be at the top of the agenda.

Attendees also commented that they are seeing more customers asking about sustainability.  Meanwhile, they are seeking help to create systems where they can provide sustainability reports as part of their ITAM function.
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