FinOps

FinOps refers to the financial management of cloud resources, aimed at optimizing both infrastructure costs and operational practices to ensure cost-efficiency. With cloud environments offering scalability, there is a growing need to balance performance and availability with financial accountability. FinOps involves ongoing cost assessments, finding cost-effective alternatives, and implementing strategies like autoscaling or right-sizing resources. While not typically a full-time role, it is a critical process that must be revisited periodically to ensure operational efficiency does not come at an unsustainable financial cost.