Microsoft Azure FinOps and Best Practices
Financial operations, commonly known as FinOps, combines traditional principles of cloud financial management with cloud computing, cloud infrastructure, and cloud operations. Its goal is to provide organizations with a better understanding of their cloud spending, thus helping them make better decisions on allocating costs and to keep dynamic costs under control. FinOps is key when using cloud services to increase business value.
This article discusses the alignment of FinOps with Azure, the FinOps Framework specifically, Microsoft’s best practices for reducing costs in Azure, and also provides insights into cost reduction based on news from Microsoft Ignite 2023.