Why FinOps Is A Pivotal Cloud Trend In 2023
DataCenter Knowledge, Tuesday, December 19,2023
Businesses have been migrating to the cloud for a number of years, so why has cloud cost optimization suddenly become a key focus? We look at why FinOps is getting more attention in 2023.
Arguably, the most important cloud computing trend of 2023 isn't a technology or architecture. It isn't even really a specific practice.
Instead, it's cloud FinOps - a strategy that emphasizes cloud cost optimization. As of 2023, FinOps is exerting major influence on the way many organizations approach cloud computing. It has arguably become more important to cloud strategies than concepts like multicloud or hybrid cloud, key trends from years past.
That raises the question: Why FinOps, and why now? Is FinOps just a new buzzword for an old practice - cloud cost management? Or does FinOps represent a novel approach to cloud cost management, one driven by unique factors that have arisen in the past few years?