Won over by the promise to drive business agility while reducing costs, CIOs are migrating to the cloud en masse. But renting cloud services creates new problems, including managing bills populated with thousands of line items generated by instances running across the globe.
Increasingly, enterprises are turning to FinOps (financial operations), a business management discipline and analytics software designed to calculate the costs of public cloud services provided by vendors such Amazon Web Services (AWS) and Microsoft Azure. The approach aims to help enterprises better plan, budget and forecast spending requirements for cloud consumption.
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Read More from This Article: FinOps: Best practices for cloud cost optimization
Source: News