FinOps: Helpful tool, or a cloud control placebo for CIOs?
Cloud FinOps continues to gain traction among CIOs who need to maximize cloud value. The need to manage rising cloud costs can drive CIOs to adopt FinOps practices, which require close collaboration among finance, engineering and business teams. The goal is to maximize business value through shared responsibility. How that plays out is influenced heavily by how well teams move from a centralized cost model to distributed accountability. In essence, FinOps is about enabling engineering teams to deliver better features, applications and migrations faster, and providing a cross-functional conversation about where to invest and when. Related:Why CIOs are moving their workloads back on-prem Related:Control plane failures increasingly at center of cloud outages FinOps is ultimately about managing cloud resources in the same way any lean operation treats capital, Desai said. "Every dollar…
