Cloud environments can provide businesses with enormous opportunities. They’re also growing exponentially and becoming increasingly complex.
On top of handling this growth and complexity, IT professionals also face constant pressure from this turbulent global economy to control cloud spend—while still supporting business growth and improving operational efficiencies.
To bridge and solve these challenges, the cloud financial operations (FinOps) discipline has emerged and gained popularity over the past few years. However, even though 96% of businesses believe implementing FinOps practices is essential to their cloud strategy, only 9% report having a "mature" FinOps practice.1
Lacking that support can put incredible pressure on already under-resourced and overstretched teams, potentially requiring them to compromise on application innovation, performance and reliability—leading to conflict, frustration, and a longer time to market.
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