Best Practice Report

What Technology Executives Need To Know: FinOps

Take Control Of Your Cloud Spend

April 5th, 2023
Tracy Woo, Principal Analyst
Tracy Woo Principal Analyst
With contributors:
Frederic Giron , Lauren Nelson , Arthur Ross , Diane Lynch

Summary

Cloud’s flexibility, scalability, and access to hundreds of services make it a necessary path for companies to stay competitive. But confusion over line-by-line billing, runaway cloud costs, and mismanaged spend can shift cloud from an access to innovative services to a treacherous path riddled with thousands or millions in wasted spend. Enter FinOps. This financial management discipline can help companies take control of cloud costs fast. The current economic recession has pushed FinOps practices and their associated tooling to the forefront for technology executives. Future-thinking tech executives must be ready to provide this important capability for their cloud organization.

Want to read the full report?

Contact us to become a client

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.