FinOps

FinOps (Financial Operations) refers to the set of practices and principles designed to optimize and manage cloud spending and financial operations within an organization. It involves the integration of financial accountability into the cloud’s operational processes, ensuring that cloud expenditures align with business goals and budget constraints. FinOps promotes transparency in cloud costs, provides visibility into spending patterns, and encourages collaboration between finance, operations, and engineering teams to drive efficient cloud usage. By implementing FinOps, organizations can achieve better cost control, enhance financial forecasting, and optimize cloud investments to support overall business strategy.