Ebook

FinOps: A new approach to cloud financial management

FinOps: A new approach to cloud financial management

Pages 27 Pages

Executive summary Adopting and scaling FinOps DevOps in public cloud has broken traditional infrastructure procurement—which is capital heavy and slow moving. With public cloud, procurement responsibility has been effectively outsourced to engineering. Engineers now spend company money at will and make financial decisions on cloud providers like AWS, GCP and Azure at rapid speed. The result is engineers making daily decisions that affect the bottom line of their companies while finance teams struggle to keep up with the pace and granularity of spending. This change has necessitated the discipline of FinOps.

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