Cloud is one of the great disrupters of technology and business today and in the future. It creates major risks to existing business models and conventional modes of IT operations as well as significant opportunities for revenue increase, cost reduction, internal and external collaboration and value creation.
NetApp, the data authority in a hybrid cloud world, has created a first of its kind consultancy service, Cloud Value Management (CVM), to help business make the right cloud decisions. CVM gives customers a holistic understanding of the cloud including technological, business and legal dimensions. The service is comprised of 2 components – a three-day workshop and ongoing projects and consulting.
Minet Technologies is proud to partner with NetApp in the Cloud Value Management service. Minet deals with the business dimensions of the cloud. Our goal is to provide organizations with innovative, relevant and practical methodologies and tools to gain competitive advantage from the cloud.
For this goal we developed a unique set of tools, some of them proprietary:
Financial Decision Making – Total Revenue and Cost of Ownership (TORACOO) model
We need a financial decision model to identify cost reduction and revenue increase opportunities and bridge the two different worlds of On-Premises and Cloud to achieve a real and sustainable value change. The TORACOO benefits derive not only from the decision model itself but also from the process of building the model, including options definition and assumptions making, and from analysis of different scenarios. The model is both easily understandable and able to handle complex decisions.
Multi-Attribute Decision Making
We need a full decision model to integrate the financial parameters of revenues and costs with other attributes to maximize value. Multi-attribute utility theory developed to help decision-makers assign utility values, taking into consideration the decision-makers' preferences. The MAUT model enables us to incorporate and take into account soft attributes, e.g. responsiveness, security, user friendliness, and to have a very good understanding of the tradeoff between the value of an option and its costs. The process itself encourages the inclusion and active participation of many stakeholders.
Instance Pricing Selection
This is an innovative quantitative decision model for allocating the cloud spend between on-demand instances and reserved instances. The model explores the tradeoff between cost reduction through demand commitment and risk, expressed as the demand’s standard deviation across time, and allows the organization to incorporate its specific goals risk tendencies as business rules in the decision process.
Supply Risk Management
The risk management tool encompasses the full risk management process of risk identification, risk analysis and quantification and risk mitigation. The tool analyzes different mitigation options and calculates for each option its return and ROI. This enables the organization to choose the most economical set of mitigations and allocate its limited resources effectively and efficiently. The tools can be used for all risk types and for many tiers in the IT supply chain.
Our Shadow IT tool comprises of a holistic methodology of managing and reducing Shadow IT through detection, enforcement, policy and mitigation, and a state-of-the-art spend analytics solution configured for IT spend detection. Using the tool enables a very granular, fast and relatively semi-automated search of Shadow IT in the organizational unclassified and classified spend.
Outcome of practicing the tools: As a result of using these tools, you will make much better decisions in a much better process, incorporating many stakeholders in the decision-making processes and achieving their buy-in. These decisions will generate higher value, fewer costs and reduced risk.
Those tools provide answers to the following questions:
Cloud Value Management (CVM) enables organizations to create competitive advantages and run
faster than their competitors.