Cloud computing is powerful and revolutionary. But without the right approach, it can get costly. That’s what FinOps – a fusion of “Finance” and “DevOps” – is here to fix. FinOps is all about bringing in a culture of financial accountability that better suits the variable spending model of pay-as-you-go cloud infrastructure.
FinOps takes the best practices from financial management, cloud engineering, and operations management to help you better understand and control your cloud spending. Start benefiting from real-time insights into your infrastructure costs, identify areas for optimization, and make data-driven decisions to maximize your ROI.
Cloud financial management
Implement proven best practices for managing your cloud finances, including budgeting, forecasting, and tracking costs.
Rightsizing resources
Analyze and adjust the cloud resources you’re paying for to match your usage, avoiding overprovisioning and reducing unnecessary expenses.
Tagging and accountability
Start using tags to allocate and categorize costs so teams can take ownership of their cloud usage and the associated expense.
Continuous improvement
Promote a culture of continuous improvement, where teams keep refining and optimizing their cloud spending based on real-time insights.
More than just another cost-cutting measure, FinOps allows everyone in the business to engage with the data and maximize the value they derive from the organization’s cloud spending. Everyone is in a position to make data-driven spending decisions. By establishing a common language for discussing cloud costs, it’s easier for people to communicate openly and align goals across different functions within an organization.
Use FinOps to better analyze and track your spending, revealing cost-saving opportunities. By allocating costs to specific teams, projects, or products, you can better understand where money is going while encouraging accountability. The clear links established between cloud spending and outcomes make it easier to pursue business goals without overspending on unnecessary cloud resources.
FinOps is about more than integrating a set of financial and data-tracking best practices. It’s about changing the way your organization thinks about resources, spending, efficiency – and waste. It’s about your teams taking ownership of their cloud usage, with the support and guidance of a central FinOps expert hub. Get the most out of your cloud, get the most out of your budget – that’s FinOps.
Make your cloud investment go further with FinOps. Track spending, optimize costs, and unlock savings to increase efficiency and finance future innovation. It’s a cultural shift with incredible potential.
Could FinOps transform your organization?