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Cloud waste, hyperscaler discounts shape FinOps priorities

February 23, 2024

Via: CIO Dive
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FinOps emerged in response to a critical mass of alarming cloud bills, as enterprises struggled to tie escalating costs to projected efficiency gains, product development and revenue.

Practitioners initially focused on equipping engineering teams with tools to curb usage and reduce spending on cloud compute, a top priority among respondents in the survey’s first four years. But waves of economic uncertainty drove organizations to think more broadly about trimming cost and optimizing spend, surfacing deeper cloud budget concerns.

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