Small businesses in every industry are increasingly relying on cloud computing to drive innovation, optimize efficiency and scale seamlessly. And the cloud services these businesses rely on do offer numerous benefits. Cloud solutions are incredibly flexible, easily accessible, cost effective and innovative. And, when leveraged intelligently, cloud computing can be the difference between short-lived success and a lasting competitive advantage.

Unfortunately, many small businesses aren’t prepared to handle the sky-high costs of uncontrolled cloud spending. Because without proper cost optimization strategies in place, cloud spending can quickly spiral out of control, hurting the bottom line of the businesses it aims to support. 

That’s where Cloud FinOps comes into play. 

FinOps, meaning the combined practice of “finance” and “DevOps,” is a management practice that focuses on optimizing the financial performance of a cloud computing infrastructure so the company as a whole can use cloud computing efficiently. It drives greater business value by helping every department, from IT to finance, recognize how their cloud usage can be contributing to the company’s overall costs — so decision-makers can minimize waste at every level.