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.

Related Terms

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 DevOps. Understanding these connections helps build a comprehensive knowledge of cloud computing concepts.

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