FinOps

IT FinOps, also known as Financial Operations for IT, focuses on managing and optimizing the financial aspects of IT operations. The goal of IT FinOps is to maximize the value of IT investments and reduce unnecessary costs.

IT FinOps teams monitor costs, analyze usage patterns, identify inefficiencies and implement cost-saving measures. An IT FinOps team works with other disciplines such as finance, procurement, and operations to ensure that all IT spending is accounted for and optimized.

IT FinOps becomes even more important when moving to the public cloud, which can introduce complex cost structures. In a cloud environment, pay-as-you-go is the standard. However, most cloud providers also offer discounts if a certain number of resources are reserved in advance for an extended period of time. The types of charges can vary widely. For example, for a VM, you pay per second the VM is up; for a network connection, you pay for the number of bytes sent and received; and for storage, you pay for the amount of storage, the storage tier, and the number of reads and writes.

This entry was posted on Thursday 27 November 2025