This episode of the Azure Enablement Show that FinOps, a framework and practice for managing cloud spending and maximizing value. FinOps expert Dirk Brinkman explains the principles, domains and capabilities of FinOps and shows some of the Microsoft resources that can help customers implement it. Dirk also provides a demonstration of the FinOps review assessment tool, which can help customers assess their current maturity level and identify areas of improvement.
FinOps, short for Financial Operations, is a cloud financial management discipline that combines finance, technology, and business teams to optimize cloud spending and maximize business value. It emphasizes collaboration and communication across these teams to manage cloud costs effectively.
For Microsoft Azure customers, FinOps is particularly useful as it helps them:
- Optimize Cloud Costs: By identifying cost-saving opportunities and inefficiencies, Azure customers can reduce their overall cloud expenses.
- Improve Financial Control: FinOps provides tools and practices for better tracking, analyzing, and forecasting cloud costs, leading to more predictable and manageable expenses.
- Enhance Decision-Making: With real-time insights and detailed reporting, teams can make informed decisions about cloud usage and investments.
- Increase Accountability: By allocating costs to specific teams or projects, FinOps encourages transparency and ownership of cloud usage across the organization.
Overall, FinOps enables Azure customers to achieve a balance between innovation and cost-efficiency, ensuring they get the most value from their cloud investments.
Resources:
- Microsoft FinOps Review Assessment https://aka.ms/finops/review
- Microsoft FinOps Docs https://aka.ms/finops/docs
- Microsoft FinOps Interactive Guide https://aka.ms/finops/guides
- Explore more cloud enablement resources! https://www.azure.com/enablement
