FinOps is a cloud financial management practice that helps organizations understand, control, and optimize cloud spending. The name comes from financial operations.
Why FinOps exists
Cloud services are easy to create and scale, which also makes spending easy to increase. FinOps brings finance, engineering, product, and operations teams together around cost visibility and accountability.
FinOps and optimization
FinOps is closely tied to cloud cost optimization, but it is broader. It includes reporting, ownership, forecasting, governance, and business decision-making.
FinOps is how organizations make cloud cost a shared engineering and business concern.