By Beth Stackpole
10m read time
As enterprises ramp up migration of key workloads to cloud, many struggle with the changing dynamics of cost management and the need to optimize usage of the hybrid landscape for maximum business value.
But there’s good news: Modern financial management practices such as FinOps can counter complexity and out-of-control hybrid cloud spend. What’s key? A culture and set of governance processes, supported by the right technology, that improve visibility, increase accountability, and drive intended business outcomes.
IDC expects 80% of organizations using cloud services to establish a dedicated FinOps function by 2023 to automate policy-driven observability and cloud resource optimization.