Draft:Cloud FinOps

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Last edited by Fcontrepois (talk | contribs) 9 months ago. (Update)

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Cloud FinOps, often called FinOps, is a discipline born to help the financial, procurement and technical transition to Cloud Computing. Finance and procurement benefit from implementing FinOps practices as they support the changes from a financially predictable and technically unflexible CapEx model to a more financially unpredictable and more technically flexible OpEx one. Technical teams benefit from implementing FinOps practices by helping to move from an environment where computing power is scarce to one where it can be seen as infinite and always available; most non-cloud best practices require an update or a rewrite when moving to the cloud.

Definition

The FinOps Foundation's definition of FinOps is: "FinOps is an evolving cloud financial management discipline and cultural practice that enables organizations to get maximum business value by helping engineering, finance, technology and business teams to collaborate on data-driven spending decisions."^[1]

References

^ "FinOps Foundation - What is FinOps?". Retrieved 2023-11-10.

[1] "FinOps Foundation - What is FinOps?". Retrieved 2023-11-10.

[1]