Summary
FinOps is an operational framework and cultural practice that maximizes the business value of cloud, enables timely data-driven decision making, and creates financial accountability through collaboration between engineering, finance, and business teams. In the rapidly evolving digital landscape, cloud services have become integral to business operations, but they can also be a significant source of expenses. FinOps serves as a structured approach to tackle this challenge by promoting an organizational and cultural shift that empowers organizations to derive maximum value from their cloud investments.
At its core, FinOps revolves around six principles, and empowers individuals and teams to take ownership of their cloud spending while fostering a culture of cross-functional cooperation. Key components of the FinOps framework include its principals, phases, maturity model, personas, domains, and capabilities.
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Consider the following Microsoft resources to initiate or advance your FinOps journey:
FinOps Review Assessment
Use FinOps guidance to assess your organization's capability gaps. Get recommendations for maximizing cloud business value using FinOps best practices.FinOps Interactive Guides
Gain hands-on experience with Microsoft solutions that enable various FinOps capabilities and best practices.FinOps e-book
This e-book guides you through the FinOps principles to highlight Microsoft solutions that can support your cloud journey.FinOps Docs
Find technical documentation and guidance to help make informed decisions and follow FinOps best practices.FinOps on Azure
Explore the range of Microsoft products and services designed to bolster your efforts in implementing FinOps best practices.