1、Authors:Archana Venkatraman Dave Clemente RISE OF FINOPS:EVOLVING BEYOND A DISCIPLINE INTO A MINDSET,STRATEGY,CULTURE,AND MEANS TO FINANCIAL EXCELLENCE February 2023 An IDC White Paper sponsored by Capgemini IDC#EUR150300923 Rise of FinOps:Evolving Beyond a Discipline into a Mindset,Strategy,Culture

2、,and Means to Financial Excellence Executive Summary Efficiency is the CIO Word of the Year for 2023,according to IDCs CIO Quick Poll in December 2022.The poll also showed that 57%of businesses expect their budgets to increase in 2023.This shows that the C-suites are keen to invest in technology for

3、 business innovation,but that they also want to ensure efficiency amid macroeconomic pressures such as inflation and recession.Two-thirds of the CIOs admitted they spend more on the cloud than previously budgeted.With cloud accounting for a large part of European organizations IT spend,efficient and

4、 optimized use of cloud resources is a key priority for C-suites.This is giving rise to FinOps a framework,culture,and mindset that enables organizations to maximize the value of their cloud investments.At its heart,FinOps is about cloud cost optimization.Regardless of where organizations are in the

5、ir cloud journeys,FinOps as a strategy is critical for the successful execution of cloud adoption.Cloud is dynamic and represents a paradigm shift in how resources are paid for and accessed,requiring organizations to adopt FinOps to better understand and manage cloud costs.By adopting a FinOps minds

6、et,businesses can bring cloud cost visibility as close as possible to engineering teams,so these teams can understand how their decisions impact cloud costs and can take appropriate measures at the design point.The value of FinOps is that it helps make every user AT A GLANCE KEY TAKEAWAYS In the clo