Financial Operations
Financial Operations (FinOps) is a cloud financial management discipline and cultural practice that enables organizations to get maximum business value by helping engineering, finance, technology, and business teams to collaborate on data-driven spending decisions. It focuses on optimizing cloud costs through accountability, transparency, and continuous improvement while balancing cost, speed, and quality. FinOps brings financial accountability to the variable spend model of cloud computing.
Developers should learn FinOps when working in cloud environments to manage and optimize infrastructure costs, especially in organizations with significant cloud spending or dynamic scaling needs. It's crucial for roles involving DevOps, SRE, or cloud architecture to ensure cost-efficient resource provisioning, avoid budget overruns, and align technical decisions with business objectives. Use cases include implementing cost allocation tags, right-sizing resources, and automating cost optimization in CI/CD pipelines.