FinOps

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Definition

Financial Operations for Cloud - practice of bringing financial accountability to cloud spending through collaboration between engineering, finance, and business teams. Like having a budget-conscious mindset where everyone helps optimize cloud costs.

Real-World Example

FinOps teams track cloud spending in real-time, set budgets for teams, and optimize resource usage to reduce waste while maintaining performance.

Frequently Asked Questions

What is FinOps?

Financial Operations for Cloud - practice of bringing financial accountability to cloud spending through collaboration between engineering, finance, and business teams. Like having a budget-conscious mindset where everyone helps optimize cloud costs.

How is FinOps used in cloud computing?

FinOps teams track cloud spending in real-time, set budgets for teams, and optimize resource usage to reduce waste while maintaining performance.

What are related terms to FinOps?

Related concepts include Cloud Cost Management, DevOps, Resource Optimization. Understanding these connections helps build a comprehensive knowledge of cloud computing concepts.

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