FinOps, a portmanteau of Finance and DevOps, is a strategic framework created to help companies understand and manage their cloud costs, enabling greater efficiency in cloud service usage. Created by the FinOps Foundation, this financial management discipline brings together finance teams, engineering teams, operations staff, and other stakeholders together to optimize spending and maximize business value. The FinOps operational framework can help your organization maximize the business value of cloud by improving collaboration, expense and asset management, and decision making. Once you implement a FinOps framework, you can make decisions based on the greatest possible return on investment, rather than simply trying to cut costs.

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Joe Pelletier

Source: Security Boulevard
Source Link: https://securityboulevard.com/2024/04/an-introduction-to-finops-governance-how-to-get-started/