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FinOps

Beyond Cost Cutting, The Strategic Power of FinOps

The cloud offers incredible scalability and agility, but it can also lead to unchecked spending. FinOps is a crucial discipline that blends finance, technology, and operations to optimize cloud costs and maximize the business value of cloud investments. It’s about building a culture of cost awareness and accountability.  Why is FinOps Essential?  The cloud’s dynamic nature often leads to:  Overspending: Paying for unused or underutilized resources.  Lack of visibility: Uncertainty about where cloud budgets are going.  Budget surprises: Unpredictable cost spikes.  Siloed teams: Finance and technology working in isolation, causing inefficiencies.  These challenges are universal, as highlighted in the video “3 เหตุผลที่ทุกองค์กรต้องใช้โซลูชัน FinOps ” (3 Reasons Every Organization Needs FinOps), which emphasizes the importance of cost visibility, optimization, and establishing a strong FinOps culture within organizations.  The FinOps Framework: Inform, Optimize, Operate  FinOps follows a continuous cycle:  Inform: Gain visibility into cloud costs and usage through detailed billing data, dashboards,

MFEC

MFEC