Day 1: Introduction to FinOps – What is FinOps and why it matters

If you can’t see your cloud spend, you can’t manage it

FinOps as a discipline and cultural practice still in development for cloud financial management. It enables organizations to gain the maximum business value by making data-driven cloud spending decisions jointly by departments of development, finance, IT, and business (Source: What is FinOps by FinOps Foundation).

Why it matters:

• Prevents overspending on cloud resources.
• Helps teams make smarter financial decisions.
• Aligns cloud costs with business goals.

How it works:

• Visibility: Everyone can see how much is being spent and on what.
• Optimization: Teams find ways to reduce waste, like turning off unused resources.
• Collaboration: Finance, tech, and business teams work together to make smarter spending decisions.

Visibility is the first step to FinOps success