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Why Organizations Should Look into FinOps for Cloud Cost Optimization

Why Organizations Should Look into FinOps for Cloud Cost Optimization
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How Google Cloud Might Help the FinOps Foundation Evolve

Informationweek
The first of the major cloud services providers joins the fledgling trade association s technical advisory council.
Google Cloud joined the FinOps Foundation recently, making it the first major cloud services provider to become a member of the two-year-old organization.
FinOps Foundation, a trade association for the advancement of cloud financial management, also recently released its State of FinOps report, which offers a snapshot look at how this space continues to evolve as practitioners must forecast cloud budgets, get engineers to take action, and deal with shared costs.
Image: thodonal - stock.Adobe.com
The foundation defines FinOps as cloud financial operations as well as cloud financial management to ensure institutions see the greatest return on investment in public cloud. One of the stated intents of FinOps presented by the foundation is to optimize spending by companies through greater visibility and efficient use of cloud deployment ....

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Cloud overspending spotlights the need for cost governance

Cloud overspending spotlights the need for cost governance
The pandemic has spiked cloud spending, and enterprises are unhappy with their bills. Best practices are emerging to get costs under control.
Michael Quirk / NicoElNino / Getty Images
Employees working remotely for much of 2020 caused a huge uptick in cloud spending at the same time enterprises struggled to contain cloud expenses. In many cases, increases were directly due to the pandemic and changes in IT systems to accommodate the new normal. In other cases, companies lacked the automated oversight necessary to contain cloud spending.
FinOps Foundation, a nonprofit trade association, recently released detailed findings from a survey of more than 800 FinOps practitioners with a total annual cloud spend of more than $30 billion. ....

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Group teams up with online platform to help fitness trainers who are veterans monetize virtual coaching

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