As cloud costs spiral upward, enterprises turn to a thing called FinOps
Summary
In addition, "spend is likely less efficient and likely even higher on average, as many organizations tend to underestimate their amount of waste," the surveys authors report. Someone in some department signed on to a cloud instance to run some tests three years ago, abandoned it, and the company still keeps paying for its usage. Respondents are actively involved in the ongoing usage and cost management for both SaaS (69%) and public cloud IaaS and PaaS (66%). As illustrated at the FinOps foundation site, "for a customer-facing application, that unit might be a user or customer subscription; for an ecommerce platform, it might be a transaction; and for an airline, it might be a seat. While a least half of IT executives recognize the value cloud is bringing to the business, the prime measure of success is still cost savings.
