In this whitepaper, you'll learn about:
With public cloud adoption sky-rocketing, the need for managing cloud finances goes beyond traditional cloud cost management. While cost management focuses on identifying and eliminating unnecessary cloud resources, FinOps, a new age practice takes a holistic approach in solving the gaps of cloud cost management. It fosters a cultural shift within an organization, emphasizing collaboration between finance, engineering, and business teams. This collaboration ensures cloud spending aligns with business objectives. FinOps leverages cost management tools, but it also implements best practices like resource tagging, reserved instances, and automating on/off schedules. Ultimately, FinOps aims to optimize cloud spend to maximize business value. It ensures you have the right resources for your needs, without overspending or sacrificing performance. This approach allows organizations to be agile and innovative in the cloud while keeping costs under control.
