FinOps

FinOps is an operating practice that brings engineering, finance and business teams together to manage cloud spending. Teams share visibility of costs and make trade-offs between speed, quality and spend.

Related Terms

  • Cloud Architect

    A cloud architect designs how an organisation's systems run on cloud platforms, choosing services, network layout, security controls and cost structures. Businesses bring one in before a migration or when cloud sprawl and spend become hard to control.

  • Cloud Computing

    Cloud computing is the on-demand delivery of servers, storage, databases and software over the internet, paid for by usage. Teams rent capacity from a provider instead of buying and running their own hardware.

  • Multi-Cloud

    Multi-cloud is a strategy of using services from two or more public cloud providers within one organisation. It is chosen for resilience, specific capabilities, regulatory reasons or bargaining power.

  • Autoscaling

    Autoscaling automatically adds or removes computing capacity, such as servers, containers or function instances, in response to demand. Applications keep up with traffic peaks without paying for idle resources during quiet periods.

  • Cloud Migration

    Cloud migration is the process of moving applications, data and infrastructure into a cloud environment. The source may be an on-premises data centre or another provider, and services must stay running and secure throughout.

  • Model Quantization

    Model quantization is reducing the numeric precision of a model's weights, for example from 16-bit to 8-bit or 4-bit values. The model then needs less memory and runs faster.

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