FinOps

FinOps Tools: Supercharge Your Investment with Optimization

Cost analysis and allocation tools like CloudHealth, CloudCheckr, and Cloudability play an important role in many organizations’ FinOps journeys by assisting with keeping Finance informed, enabling forecasting, and driving accountability. These tools may also help provide visibility and direction around long-term purchases like Savings Plans and RIs. But, slicing and dicing your cloud costs is only the tip of the FinOps iceberg: 85%+ of your cloud savings potential lies beyond refining how you buy cloud services. You also need to optimize what you’re actually purchasing.
cloudzero

What Is FinOps? And How Does It Compare To DevOps?

Every couple years, it seems the tech industry mashes together different team names to make up the latest discipline — whether it’s DevOps, DevSecOps, AIOps, or most recently, NoOps. The names can seem eye roll-worthy at first. However, when their associated practices are followed correctly, many have been transformative. They force collaboration early and often — which helps companies improve velocity and foresee potential risk before disasters occur.

atlassian

What in the world is FinOps, and why do we need it?

In 2020, cloud migration sped up by a factor of 24, according to McKinsey. Would you be surprised to learn there were a lot of factors driving that shift? Due to COVID-19, companies needed to go remote fast and securely. They wanted to lift the maintenance burden off overworked IT teams. And, in the face of the year’s worldwide economic uncertainty, motivation to take advantage of cloud’s cost savings was running high.