home.aspx
 
. https://devops.com/finops-foundation-to-help-rein-in-cloud-costs/
blog article
FINOPS FOUNDATION TO HELP REIN IN CLOUD COSTS
Announced at the Cloud Economic Summit, the non-profit FinOps Foundation counts among its founding members Atlassian, Autodesk, Cloudability, HERE Technologies, Just Eat and Nationwide. Cloudability co-founder J.R. Storment said the goal is to bring financial accountability to variable cloud spending that can easily spiral out of control if not monitored carefully. The adoption of best DevOps practices makes IT organizations more agile, but not every organization has the financial controls in place to ensure spending on cloud services is aligned with business outcomes, said Storment.These days engineers can use their corporate credit card to spin up virtual machines in the cloud. The FinOps Foundation is making a case for more accountability over the spending.Gartner estimates worldwide cloud spending will reach $360 billion by 2022, which is five times the compound annual growth rate for overall IT spending. The unfortunate truth, however, is that most finance organizations don’t have a lot of visibility into how those dollars are being allocated. MIKE VIZARD READ MORE