Cloud spend can quickly outpace business growth when financial governance isn't built into operations. This article explores how applying FinOps principles "as code" helps organizations like yours align infrastructure consumption with business goals. Read the article to see how teams are shifting left on cost control and reducing friction between IT, engineering and finance. Contact Oakwood Systems Group, Inc. to discuss how FinOps can be integrated into your cloud cost strategy.
FinOps as Code (FaC) is a practical approach that integrates financial management principles directly into the infrastructure management life cycle (IMLC). It automates the management of cloud costs by embedding FinOps best practices into the workflows of engineers. This integration allows organizations to enforce budgets, identify cost-saving opportunities, and optimize resource allocation without requiring significant manual intervention.
How can FaC benefit engineering teams?
Implementing FinOps as Code offers several benefits to engineering teams, including automating cost optimization, providing real-time visibility into costs, reducing maintenance disruptions, and enabling efficient resource allocation. By automating these processes, engineers can focus more on innovation and development rather than manual cost management, ultimately leading to better resource utilization and reduced cloud waste.
What are the potential savings from adopting FaC?
Organizations that adopt FinOps as Code could potentially unlock significant cost savings, estimated at around $120 billion. This figure is based on the expected global spending of approximately $440 billion on cloud infrastructure services in 2025, along with the 28% of cloud spending that organizations typically report as waste. By effectively implementing FaC, companies can tap into these savings and improve their overall cloud cost management.
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