Despite the added complexities of modern applications and infrastructure, many new cloud users haven’t changed their on-premises habit of overprovisioning resources as a method of mitigating performance risks. In short, they’re spending more than they should at a time when cost reductions and efficiencies are critical. This common practice also helps explain why organizations estimated that 32% of their cloud spend was wasted in 2022.
In this article, we’ll discuss the role of FinOps (Finance + DevOps) and intelligent automation, and how this practice can help align forecasts with actual spend for more cost-effective, sustainable IT operations.