FinOps tools in the Cloud: An insufficient first line of defense
FinOps tools in the Cloud: An insufficient first line of defense Once seen as an economic El Dorado, the Cloud is now a source of anxiety for companies faced with exploding costs. Flexera's famous annual " State of the Cloud " survey, based on 753 IT decision-makers in different types of companies, shows that Cloud spending appears to be the number one concern. This is quite legitimate when you consider that the Cloud market will reach $1.2 trillion by 2028 ( Grand View Research ). Some studies indicate that almost 50% of Cloud spending is a complete waste! FinOps tools have emerged as a relevant response to this problem. For example, 49% of respondents to Flexera's survey say they have adopted a FinOps solution to analyze and optimize cloud spending. Optimization is primarily based on rationalizing cloud infrastructures and measurement. We believe that it is possible to go much further to ...