The Evolution of FinOps

Move beyond cost reduction tactics toward a more holistic and strategic FinOps approach.

Cloud costs and performance are now a board-level concern, putting many organizations under considerable pressure to gain more control over cloud costs and maximize their cloud investments.

As a result, in an effort to move beyond cost reduction tactics and address the root causes of their spiraling cloud costs, companies are incorporating — and evolving — their FinOps principles and practices across their organizations. But to do so successfully, they must also embrace a larger cultural shift to ensure their various people, teams, and departments are all working together with a FinOps mindset.

In this white paper, you’ll learn:

• How the FinOps framework has evolved to be an integral part of the business and how FinOps duties are now distributed between engineering, product, and leadership teams.
• How FinOps is now addressing key business challenges, such as the need to increase visibility, eliminate silos, and more fully align teams, tools, and processes to drive greater cost and resource efficiencies in the cloud.
• Why a successful FinOps practice relies on collaboration to drive business value and promote cloud usage and cost accountability for everyone in the organization.
• How companies are relying more heavily on FinOps teams to address their spending optimization priorities, such as AI.