FinOps
FinOps (Financial Operations) is a cloud financial management discipline that gives organizations visibility, accountability, and control over their cloud infrastructure costs.
Rather than treating cloud spending as a fixed IT expense, FinOps established a continuous cycle across three phases:
Inform (accurate cost allocation)
Optimize (identifying and eliminating inefficiencies such as unused or over-provisioned sources)
Operate (real-time expenditure tracking and governance)
Finance, engineering, and business teams collaborate to make informed trade-offs between performance and cost. Tools such as IBM Cloudability support this practice across single or multi-cloud environments.
Rather than treating cloud spending as a fixed IT expense, FinOps established a continuous cycle across three phases:
Inform (accurate cost allocation)
Optimize (identifying and eliminating inefficiencies such as unused or over-provisioned sources)
Operate (real-time expenditure tracking and governance)
Finance, engineering, and business teams collaborate to make informed trade-offs between performance and cost. Tools such as IBM Cloudability support this practice across single or multi-cloud environments.
