FinOps (a combination of the words “Finance” and “DevOps”) is a management practice that organizations use to optimize the financial performance of their cloud computing infrastructure. It promotes shared responsibility for cloud costs across information technology (IT), DevOps, and other cross-functional teams in order to improve decision making processes and drive greater business value.
The goal of FinOps is to ensure that an organization's cloud spending aligns with its business objectives and that cross-functional teams work harmoniously to gain more financial control and predictability, reduce friction, and deliver products faster.