FinOps, short for financial operations, is a management practice that promotes shared responsibility for an organization’s cloud computing infrastructure and costs. Within a FinOps framework, information technology (IT) and DevOps groups collaborate with purchasing, finance, and other teams to address cloud costs across the entire organization.
What Is Cloud Financial Operations (FinOps)? - Intel… FinOps Framework and Principles The FinOps approach brings financial, IT, and DevOps leadership together to manage the total cost of cloud deployments collaboratively across the enterprise. Operating under FinOps principles, the organization empowers cross-functional teams to manage cloud costs. …
… However, planning and scrutiny of service level agreements are critical to understand costs, impacts to existing processes, and service metrics before adopting cloud services. …