FinOps, or Cloud Cost Optimization, brings financial accountability to dynamic cloud spending, allowing teams to balance speed, cost, and quality. FinOps teams integrate IT and finance to decrease costs through resource optimization and discounting strategies. The technology is necessary in today’s rapidly changing cloud environment, where even the most savvy businesses can fall into cloud overspend.
A major eCommerce retail group used FinOps to achieve a 20% reduction in cloud spend ($1.4M annually), 30% scaling of resources without added cost, and improved DevOps visibility and control of resource utilization and spend.
