FinOps: An Introduction to Cloud Cost Management

Whether you are at the beginning of the journey to the cloud or already in the middle of it, cloud cost management is an essential part of a successful cloud strategy. Yet studies show that over 81% of all companies regularly exceed their planned cloud budget. This is not only associated with annoyance and loss of control, but also the loss of expected benefits from moving to the cloud, such as faster time to market.

FinOps offers an approach to solving the cloud cost management dilemma: by purposefully adapting the corporate culture to the variable cloud cost model, the company regains control and can make the most out of the cost benefits of the cloud. Cloud cost management tools such as CloudHealth are an important building block and support this transition.