The new specifications aim to ease cloud migrations by reducing billing complexity and the overhead tied to vendor chargebacks and inefficient allocations.
As cloud adopters struggle to control spending on infrastructure, software and other “as a Service” features, many organizations and their CIOs have turned to FinOps, an evolving cloud cost governance framework, for guidance.
Managing cloud spend is a growing concern, according to a March survey of 750 cloud decision-makers by software company Flexera. More than 4 in 5 respondents said controlling costs was their top cloud challenge.
