FinOps is the practice of bringing financial accountability to the variable spend model of AWS, GCP & Azure cloud, enabling distributed teams to make business trade-offs between speed, cost, and quality. It is also about helping the business make better decisions while moving more quickly and improving business value. Cloud spend can drive more revenue, signal customer base growth, enable more product and feature release velocity, by applying the below iterative phases:

Inform: Enable team ownership of cloud spend Optimise: Automate and give time back to Cloud COE resources, and ensure best possible rates Operate: Continuously improve unit costs of cloud.