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FinOps, short for Financial Operations, refers to a set of practices and methodologies aimed at managing and optimizing cloud costs within an organization. It combines financial management principles with cloud computing to ensure that businesses can effectively allocate their resources, control expenses, and maximize the value they receive from cloud services.

The main objective of FinOps is to bridge the gap between finance, operations, and engineering teams to achieve better cost transparency, accountability, and efficiency in cloud spending. It involves establishing processes, tools, and collaboration frameworks to monitor, analyze, and optimize cloud usage and costs.

Key aspects of FinOps include:

Overall, FinOps aims to enable organizations to gain better control over their cloud spending, make informed decisions, and align cloud costs with business objectives. By adopting FinOps practices, businesses can optimize their cloud investments, avoid unnecessary expenses, and achieve greater financial efficiency in their cloud operations.