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Introduction to FinOps Principles

This chapter aims to introduce the topic we are going to cover throughout the book, which is FinOps, a methodology relating to cloud financial optimization. We will explain why it is so important, and why it has become one of the biggest current IT trends.

In this chapter, we are going to cover the following main topics:

  • What is FinOps, and why do we need another buzzword?
  • Why FinOps?
  • The three pillars of FinOps

What is FinOps, and why do we need another buzzword?

Let’s start by asking the question, what is this new methodology that everyone is talking about and, suddenly, all companies are in need of? It’s a new groundbreaking practice, or way of doing things, that everyone claims will allow you to take ...

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