What is FinOps, and Why Do Businesses Need it?
A FinOps framework combines finances and operations to optimize cloud spending. Companies use it to maximize value and manage operational expenses. FinOps uses traditional infrastructure and adapts it for the cloud. It integrates multiple businesses, technology, and finance areas to improve cloud management. Any business that uses cloud services can benefit from a strong FinOps framework. For organizations that are currently transitioning to the cloud, FinOps should be at the forefront of their strategy to optimize their cloud usage after the transition period.