FinOps and Cloud Cost Governance: Shining a Spotlight on AWS' Cloud Financial Management Capability

FinOps and Cloud Cost Governance: Shining a Spotlight on AWS' Cloud Financial Management Capability

This IDC Market Perspective focuses on cloud cost management trends and public cloud vendor AWS' Cloud Financial Management capability. We in the era of FinOps in which cloud cost control and operational governance is no longer an afterthought. Digital mandates brought synergies between business, IT, security, and developers, and we are now rapidly entering the phase in which the finance dimension is added to this synergy to excel in cloud economics. "We are witnessing a proactive focus on cloud costs. In some cases, it is so dramatic that it supersedes cloud security focus," said Archana Venkatraman, research director, CloudOps, Cloud Governance and Data Management, IDC Europe. "Organizations are looking at their primary cloud providers as their most strategic partners for cloud optimization, and AWS' CFM initiative is likely to help it extend its value beyond its innovation capability to its optimization capabilities."

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