FinOps is an operational framework and cultural practice which maximizes the business value of cloud, enables timely data-driven decision making and creates financial accountability through collaboration between engineering, finance and business teams. FinOp’s is not only about cost optimization, it’s about achieving “100% cost attribution”, which means “ability to relate every dollar spent with a business need and at a granular level.

Cloud FinOp’s :-
– FinOp’s is derived from Finance + DevOp’s
– It stresses on the collaboration between business, engineering and finance teams
– Using unit economic metrics to enable data driven decision making by engineering teams.The annual Cloud spend in Malaysia is currently $623mn per year and growing at 22% annually.

Market analysis has revealed the first wave to hit the market was companies adopting a “Cloud First” strategy, however, the top 3 challenges currently being faced are;
1) Cloud Wastage, estimated to be 30% on average
2) Managing a Multi-Cloud environment, 4 out of 5 companies have 2 or more Clouds
3) Cloud Security

Here you can explore the framework’s principles, personas, phases, domains,  capabilities and maturity model.