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FinOps is one of the latest buzzwords in cloud computing. It’s a merger of two important departments — finance and operations — and describes “cloud financialoperations,” (also called cloud financial management or cloud cost management). According to the FinOps Foundation :
CFOs, CTOs, and cloud experts often mix up FinancialOperations (FinOps) and Cloud FinOps, among other terms. This article distinguishes between different financial management, cloud cost optimization, and other […] This confusion hinders clear communication, and consequently, cost management efforts.
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.
Welcome to the FinOps Blog. We’ll also be interviewing business owners and accountants that we’ve worked with so that you get an insight into what the FinOps process looks like and what problems it solves through real-life case studies. Which is why I founded FinOps. In the meantime, we hope you enjoy the FinOps Blog!
Whether you’ve recently adopted a cloud platform for your organization or your cloud operations are well established, there are many ways to assess the overall effectiveness of your IT infrastructure. What Is FinOps? FinOps is the evolution of traditional cloud cost management and cloud cost optimization practices.
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