A FinOps program puts the organization in the conductor seat, determining the end location of that train rather than allowing it to run full steam ahead.
An executive in charge of the FinOps practice
at a global consumer products company
Enterprises are moving digital assets to the cloud to accelerate innovation, agility, and growth.
of executives agree that cloud is very or extremely important for their organization’s future strategy and growth.
Seek increased business agility from cloud investments
Seek cost reduction from cloud investments
While the cloud promises greater business agility and growth, cloud investments can become unmanageable and costly due to:
Miscalculated cloud needs
Millions of dollars in billing charges
Too wide an array of cloud service providers
Complex cloud pricing models
The more applications move to the cloud, the more urgent FinOps becomes.
Jean Atelsek,
a research analyst in the cloud transformation and digital economics unit of 451 Research,
part of S&P Global Market Intelligence
FinOps brings together financial, technical, and business stakeholders to create a cost-conscious culture focused on deriving value and innovation from the cloud.
Cloud consumption patterns become more efficient, resulting in extra consumption tied to revenue generation, digital transformation, or other business objectives—not less cloud.
J.R. Storment,
Executive director
FinOps Foundation
Create a FinOps team to drive accountability and decision making
Foster a cost-conscious culture
Build into applications a way to cost-conscious culture manage, measure, and control cloud expenses
IT teams must “proactively design software and build systems with costs in mind and be able to tie these costs to business objectives.
J.R. Storment
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