These days cloud computing costs typically run about 20% of total IT spending. An enterprise only needs one outrageous cloud bill to wake up and smell the waste. That’s why cloud spending now receives much more scrutiny, and enterprises demand more discipline with cloud costs. Finops provides the ability to monitor and optimize cloud spending. Hence, it’s becoming a large part of any cloud deployment.
Finops is a good thing, but not all cloud finops programs are the same. Let’s talk about the most common missing or misunderstood finops features: