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In the current landscape of cloud services, similar terminology still baffles professionals, and is used interchangeably. CFOs, CTOs, and cloud experts often mix up FinancialOperations (FinOps) and CloudFinOps, among other terms.
What Is FinOps? FinOps, or FinancialOperations, is an operational framework for deriving maximal value from cloud computing, while providing the data necessary for strategic decision making, and encouraging financial accountability for the use of cloud resources.
Whether you’ve recently adopted a cloud platform for your organization or your cloudoperations are well established, there are many ways to assess the overall effectiveness of your IT infrastructure. What Is a Cloud Center of Excellence? What Is FinOps? And what are your financial expectations?
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