Cloud Services

Cost & Asset Management

Introduction to FinOps
Published On May 16, 2024 - 10:24 AM

Introduction to FinOps

Understand the dashboards and data available in CAM based on FinOps framework.

What Is FinOps

FinOps is an evolving cloud financial management discipline and cultural practice that enables organizations to get maximum business value by helping engineering, finance, technology and business teams to collaborate on data-driven spending decisions. For more information about FinOps, please visit: What Is FinOps.
FinOps is the intersection of finance, business, and technology to drive financial accountability and create a cost-conscious culture to maximize return of IT investment.

FinOps value

  • Accelerate business value realization and innovation.
  • Drive financial accountability and visibility.
  • Optimize cloud usage and cost efficiency.
  • Enable cross-organizational trust and collaboration.
  • Prevent sprawl of cloud spend.
The list below are the FinOps Capabilities by FinOps Foundation with the Cost & Asset Management (CAM) features that enable FinOps Capabilities.

Managing Shared Costs

Workload Management & Automation

Chargeback and IT Finance Integration

Establising FinOps Culture

FinOps & Intersecting Frameworks

FinOps Education & Enablement

Establishing a FinOps Decision & Accountability Structure

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