As cloud workloads continue to climb as a percentage of total workloads, public and private cloud costs are going to climb as well. At the same time, more organizations are shifting to use of multiple cloud vendors, plus on-premises, plus private cloud, all of which increases complexity and therefore cost, while increasing the risk of inefficient purchasing.
Since different cloud and hybrid services have different pricing and billing models, and costs can change from month to month, there now is a growing emphasis on management of cloud costs. The notion that FinOps solutions are required is therefore not too surprising, from the standpoint of vendors that hope to capitalize on the “new trend” by selling FinOps solutions.
source: Cloudera, Harvard Business Review
source: Cloudera, 451 Research
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