Cloud Financial Management
Cloud Financial Management (also known as FinOps) is a set of practices and principles for managing and optimizing cloud costs in an organization. It involves tracking, analyzing, and controlling cloud spending to ensure efficient resource utilization and align cloud investments with business value. This discipline combines finance, technology, and business operations to provide visibility and accountability for cloud expenditures.
Developers should learn Cloud Financial Management to help organizations control escalating cloud costs, especially as cloud usage scales in modern applications. It is critical for roles involving infrastructure management, DevOps, or cloud architecture, enabling teams to make cost-aware decisions, implement budgeting, and optimize resource allocation (e.g., using reserved instances or auto-scaling). Use cases include reducing waste in cloud environments, forecasting expenses, and ensuring compliance with financial policies in multi-cloud or hybrid setups.