Demystifying FinOps in Cloud Computing: A Paradigm Shift Towards Effective Financial Management
In an era where cloud computing is revolutionizing businesses, the rise of a new discipline called FinOps is commanding attention. Financial Operations, or FinOps, brings a financial lens to the operational aspects of cloud computing, enabling organizations to drive cost efficiency, business value, and growth. But what exactly is FinOps and how can businesses leverage it in the realm of cloud computing? Understanding FinOps FinOps is a cultural shift, a practice that combines systems, best practices, and organizational culture to bring financial accountability to the variable spend model of cloud computing.