FinOps: The Financial Operations Framework for Cloud Cost Management
FinOps is the practice of bringing financial accountability to cloud spending. It combines technology, business, and finance teams to make informed decisions about cloud investment. Organisations practising FinOps save 20-30% on cloud costs.
The Three Phases
Inform
Create visibility into cloud spending. Who is spending what, on which resources, for which projects? Without this foundation, optimisation is guesswork.
Optimise
Identify and act on savings opportunities: right-sizing, reserved instances, spot instances, and eliminating waste.
Operate
Embed cost awareness into daily operations. Make cost a consideration in every architectural and operational decision.
Getting Started
- Appoint a FinOps champion or team
- Implement comprehensive tagging
- Set up cost dashboards and alerts
- Establish regular cost review cadences
Start your FinOps journey. Contact info@petatec.uk.
Strengthen the setup behind the advice.
Petatec supports cloud migration, cybersecurity, infrastructure optimisation, Microsoft 365, backup, monitoring and operational support.
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