Draft:Cloud FinOps

Draft article not currently submitted for review.

This is a draft Articles for creation (AfC) submission. It is not currently pending review. While there are no deadlines, abandoned drafts may be deleted after six months. To edit the draft click on the "Edit" tab at the top of the window.

To be accepted, a draft should:

Show the subject qualifies for a Wikipedia article by using multiple sources that meet four criteria. The sources should be (1) reliable (2) secondary (3) independent of the subject (4) talk about the subject in some depth. For some topics, there are alternative criteria.
Be written from a neutral point of view
Respect copyright and do not plagiarize. Do not copy-paste.

It is strongly discouraged to write about yourself, your business or employer. If you do so, you must declare it.

This draft has not been edited in over six months and qualifies to be deleted per CSD G13.

Where to get help

If you need help editing or submitting your draft, please ask us a question at the AfC Help Desk or get live help from experienced editors. These venues are only for help with editing and the submission process, not to get reviews.
If you need feedback on your draft, or if the review is taking a lot of time, you can try asking for help on the talk page of a relevant WikiProject. Some WikiProjects are more active than others so a speedy reply is not guaranteed.

How to improve a draft

Wikipedia:Contributing to Wikipedia – a basic overview on how to edit Wikipedia.
Help:Wikitext – how to use the markup
Help:Referencing for beginners – how to include references
Wikipedia:Article development – how to develop your article
Wikipedia:Writing better articles – how to improve your article
Wikipedia:Verifiability – make sure your article includes reliable third-party sources

You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article.

Improving your odds of a speedy review

To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags.

Add tags to your draft

Editor resources

Easy tools: Citation bot (help) | Advanced: Fix bare URLs

Last edited by Fcontrepois (talk | contribs) 11 months ago. (Update)

Submit the draft for review!

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]

Other definitions exist:

AWS uses the term Cloud Financial Management.
Google Cloud defines FinOps as An operational framework and cultural shift that brings technology, finance, and business together to drive financial accountability and accelerate business value realization through cloud transformation.^[2]

Possible confusion with Financial Operations

Cloud FinOps is NOT Financial Operations, nor is it solely an operating model to cut cloud costs. "FinOps is a portmanteau of “Finance” and “DevOps”, stressing the communications and collaboration between business and engineering teams.

The Financial Operation department does exist in certain companies and can be abbreviated in FinOps. In these cases, using Cloud FinOps can eliminate the issue.

History

The origin of the term FinOps

From the Cloud FinOps book^[3], in the "Where Did FinOps Come From?" section, J.R. Storment first spoke about the concept of FinOps in a DevSecOps talk at an AWS Public Sector Summit in DC in 2016^[4]. While there is no actual date that the term was first used, it is said that someone at Spotify coined the term around that same period.

Value Proposition

Framework

Challenges and limitations

To add

References

^ "FinOps Foundation - What is FinOps?". Retrieved 2023-11-10.
^ "What is Cloud FinOps?". Google Cloud. Retrieved 2023-11-10.
^ "1. What Is FinOps? - Cloud FinOps [Book]". www.oreilly.com. Retrieved 2023-11-14.
^ Leveraging Cloud Transformation to Build a DevOps Culture | AWS Public Sector Summit 2016, retrieved 2023-11-14

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

[2] "What is Cloud FinOps?". Google Cloud. Retrieved 2023-11-10.

[3] "1. What Is FinOps? - Cloud FinOps [Book]". www.oreilly.com. Retrieved 2023-11-14.

[4] Leveraging Cloud Transformation to Build a DevOps Culture | AWS Public Sector Summit 2016, retrieved 2023-11-14

[1]

[2]

[3]

[4]