FinOps is an operating model for cloud finance management, providing businesses with a framework to manage and control their cloud spending effectively. It brings together technology, business, and finance professionals to ensure that companies get the most value from their cloud investments.
In the world of mobile app development, where cloud resources are often used extensively, FinOps plays an increasingly important role. The rapid pace of technological change and the ever-growing demand for mobile apps mean that cloud costs can quickly spiral out of control if not managed effectively. This is where FinOps comes in.
The FinOps Foundation defines FinOps as a cultural practice that aims to bring financial accountability to the variable spend model of cloud, enabling distributed teams to make business trade-offs between speed, cost, and quality. It’s not just about cutting costs—it’s about optimizing spend to make sure that every dollar invested in the cloud is used effectively and efficiently.
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