Amidst public sector transformations, one thing is clear: the transition to the cloud is no longer a question but a critical imperative. From purpose-built Generative AI solutions to machine learning, the cloud offers unparalleled efficiency and growth potential. However, the journey to cloud adoption is riddled with financial complexities.
Traditional financial management practices are not well-suited for the dynamic scaling capabilities of cloud services or the potential changes to how organizations treat IT costs.
It has been reported that a significant 32% of cloud expenditure is lost due to inefficiencies.1 In response, Cloud FinOps, supported by AWS Cloud, represents a crucial strategy incorporating a wide range of management practices and tools. By 2026, it is projected that FinOps will decrease the amount of time and resources required for budget planning by as much as 40% through cloud optimization.2 Through the integration of finance, technology, and program delivery teams, Cloud FinOps unlocks organizational value for the public sector throughout the cloud lifecycle while providing cloud spend transparency.
Leveraging PwC's business expertise and AWS's scalable infrastructure, government and public sector organizations can deliver innovative customer experiences by utilizing advanced technologies such as AI and machine learning, all while developing processes and governance to sustain mature cloud spend operations.
Additional tips to help organizations unlock the full benefits of cloud computing:
- Strategic Technological Assembly: Begin by strategically assembling the necessary technological components. This involves providing access to essential data, robust infrastructure, and advanced technical skills required for developing and deploying tailored solutions.
- Proactive Framework Establishment: Take a proactive approach to establish a resilient cloud framework before deployment. This includes tasks such as generating realistic test data and facilitating efficient software testing through digital twins, a digital replica of assets utilized for analysis, simulation, and monitoring objectives. By adopting this approach, organizations can instill stakeholder confidence and enable regulatory compliance from the outset.
Through the implementation of these strategies, organizations can navigate the complexities of cloud adoption with confidence, unlocking greater efficiency, innovation, and growth potential along the way.
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