Cloud is fast becoming a dominant expense line item. Because it can adjust to meet business demand, it’s shifting the technology cost base from a capital expenditure model to an operational expenditure model. Managing the dynamic, variable costs requires new forecasting mechanisms and processes.
The explosion of choice resulting from offerings that cater to different customer needs—e.g., multiple architectures, and varying service and performance levels—can cause costs to skyrocket when not managed with shared accountability across the business. Therefore, maximizing business value requires alignment between the CIO and their C-suite counterparts.
Fortunately, the past few years have given rise to FinOps, a new organizational discipline to control cloud spend. Bringing greater financial accountability to managing cloud’s variable spend model, FinOps helps distributed teams make business trade-offs between speed, cost and quality.
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