The state of modern FinOps practices

In mid-2023, Flexera invited a curated panel of ITAM experts to delve into the increasingly prevalent realm of Hybrid FinOps. This group of participants shared insights into the experiences, obstacles and benefits they've observed.

With the continuous expansion of offerings from cloud providers and growing budget scrutiny due to economic pressures, interest in FinOps as a practice has surged significantly.

Top cloud challenges

All organizations: N=750, Enterprise: N=627, SMB: N=123
 Source: Flexera 2023 State of the Cloud Report 

In line with this trend, the Flexera 2023 State of the Cloud Report revealed that the number one challenge faced by cloud teams is no longer security, but managing cloud spend This has led many organizations to implement FinOps practices, and throughout their journey, numerous enterprises have encountered distinct experiences, achievements and hurdles.

Download the full guide here to learn more about the expanding world of FinOps.

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