FinOps

What is FinOps?

FinOps stands for Financial Operations and refers to a method that brings together finance, IT and operations teams to efficiently manage costs in cloud environments. FinOps enables companies to optimize spending on cloud services and improve cost control without compromising performance or innovation.

Advantages and best practices

With FinOps, companies can gain transparent insights into their cloud costs and achieve savings through automated optimizations. Best practices include implementing cost monitoring tools, training teams and using cloud usage reports to identify unnecessary spending. FinOps is particularly relevant in companies that rely on cloud-native applications and want to use their IT budgets efficiently.