Most organisations have adopted a cloud-first strategy and operate a hybrid estate, with applications running across multiple cloud service providers. This has increased levels of spending on cloud infrastructure, which has in turn attracted increased scrutiny of cloud costs and fuelled attempts to monitor, forecast, and optimise those costs.
Herein lies a challenge, arising from the fundamentally different expenditure models involved: namely, Capex (in an on-premises world) versus Opex (in the cloud world). This has moved the potential cost impact from ‘sticker shock’ in the on-premises world to ‘bill shock’ in the cloud world.
The FinOps Framework allows firms to establish financial accountability for cloud spend. How then should firms best approach its implementation, and what specific considerations must they take into account?
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