Take control of cloud and AI spend
The numbers:
17%
23%
28%
Outcomes:
- Cost Control
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Cost Savings
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Accountability
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Risk Mitigation
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Better Decisions
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Competitive Advantage
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Enhanced Performance
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Continuous Improvement
Extract greater value from your business
Want to spend more wisely and with wider visibility? FinOps is a Cloud & AI financial management discipline and cultural practice that helps you get the most value possible out of your organization by helping you to collaborate on data-driven spending decisions.
This Livingstone Assessment is designed to accurately gauge the efficacy of the processes currently in place across 18 categories. It highlights areas for improvement and provides detailed recommendations to elevate your FinOps maturity including implementing refined and established practices.
Deliverables
Unlock future opportunities
Livingstone’s FinOps services provide several key deliverables, which include detailed findings with supporting evidence, alignment of future objectives, potential opportunities and detailed improvement plans.
Firstly, we will provide a clear view of the current status of your FinOps, and how that aligns with the objectives of your organization. Then we will deliver an executive presentation with the summary findings of the assessment supported by the commercial overlay of improving FinOps and a roadmap to achieve the outcomes.
You get a detailed report across each assessment area, measured across each lens. The report will highlight areas of strength and potential improvement.
Dependencies
Maximum value at minimal cost
Our dependencies are designed to limit the resource requirement on your side while providing the maximum value we can to your organization.
These include:
Resources
Access to key stakeholders as outlined in the key personas. Interviews will be carried out and documented.
Executive Support
Support from leadership to ensure engagement throughout the assessment and to consume the deliverables and recommendations.
Data
Access to the Cloud environment as well as any existing process and policy documentation of FinOps-related reporting.
FinOps Cost Allocation
Crawl Phase
Cost Allocation is the set of practices to divide up a consolidated invoice or bill among those who are responsible for its various parts.
With Livingstone’s Crawl Phase, your cost allocation may include dividing the total bill by account, project or subscription where a list of these is known to belong to a specific cost center or business unit.
Walk
If you are at a Walk Maturity, your mechanisms for allocating costs are well-established and varied, but they may not be used consistently or universally, and some shared costs or unallocated costs may still exist. Meanwhile, the granularity of your cost allocation will likely be at an application or service level.
Walk phase cost allocation usually includes a combination of factors, such as accounts, projects or subscriptions, which are identified by metadata or naming standards as belonging to specific cost centers, resources within shared cost pools which can be identified as belonging to a particular cost center, and some mechanisms for the distribution of shared costs.
Run
If your organization is at a Run Maturity level, costs will be allocable to as granular a level as required, with direct allocation or consistent mechanisms for distributing shared cost items, and the strategies for metadata, hierarchy and naming standards are being used consistently and effectively universally.
Multiple sources of data will be brought together to allocate shared costs efficiently at the level necessary for your organization.
Why is Livingstone’s FinOps Assessment unique?
Transformative, not destructive results
The FinOps Assessment curates an accurate maturity position by combining policy documentation, knowledge from the relevant personas, and expertise from a certified FinOps practitioner.
Our Assessment methods enable detailed and directive recommendations by accepting challenges in the environment and strategically breaking down our recommendations into incremental and prioritized actions. We avoid recommending disruptive changes and focus on the small-but-mighty actions that can offer demonstrable value against a resource investment versus cost impact matrix.
Resources
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AI agents can drive productivity, but they also create new questions around usage, ownership and cost control. Try BOB, a live IBM watsonx Orchestrate deployment with four specialist agents, and see how multi-agent AI works in practice before scaling it across your organisation. -
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