The FinOps Foundation has expanded the core scope of its balance sheet to include wider assocuated cloud software costs, licenses & charges.
Cloud is cheaper, but expensive. Cloud computing has always been positioned as a route for businesses to grasp greater flexibility over their IT services expenditure across compute, analytics, storage as well as related data management tasks and now AI services.
Key areas where FinOps is thought to need to progress next is an appreciation for the ITAM/SAM intersect, which spans so-called SaaS rationalization. This involves combining FinOps usage and cost telemetry with ITAM “discoverability” and license controls to optimize SaaS portfolios. This discipline also crosses into cloud license compliance i.e. applying SAM principles to public cloud “bring your own license” models and usage-based billing scenarios.
“Cloud+ has been generally well-received in the market. The inclusion of SaaS and on-premises private cloud investments is a natural extension of FinOps’ scope at large. IDC has long advocated for SaaS to be part of the scope and processes of FinOps teams, as enterprises typically spend as much on SaaS as they do on public cloud providers. The difference is that the cost is spread across multiple SaaS providers and departments.
Finops Foundation Cloud Costs Linux Foundation
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