FinOps – financial management of public cloud IaaS
FinOps is a discipline focused on establishing financial governance, transparency, and accountability regarding enterprise spending in the public cloud. This article reviews the core FinOps principles for managing public cloud IaaS costs.
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Public cloud infrastructure continues to account for a significant portion of overall IT budgets. Consequently, effective financial management is essential for organizations seeking to leverage the benefits of the public cloud while controlling costs and consumption.
Therefore, FinOps is relevant to anyone utilizing cloud infrastructure and platform services.
FinOps differs significantly from financial management in traditional outsourcing.
This article provides an in-depth overview of FinOps and the financial optimization levers available for ongoing cloud cost management.