Understanding FinOps: Principles, Tools, and Measuring Success
FinOps is a cultural practice that brings financial accountability to the world of cloud computing. It’s a strategic approach that aids organizations in understanding their cloud costs and making informed business decisions. FinOps is a new way of managing costs in an IT environment that is increasingly shifting towards the variable cost model of cloud services. It combines the best of the technical and financial worlds, resulting in an effective model for managing cloud costs.