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 Eldorado, the Cloud is now a source of anxiety for companies facing exploding costs. Flexera's renowned annual " State of the Cloud " survey, based on 753 IT decision-makers across various types of organizations, reveals that cloud spending is the number one concern. This is quite understandable given that the cloud market is projected to reach $1.2 trillion by 2028 ( Grand View Research ). Some studies indicate that nearly 50% of cloud spending is simply wasted! FinOps tools have emerged as a relevant response to this problem. Thus, 49% of respondents to Flexera's survey indicated that they had adopted a FinOps solution to analyze and optimize cloud spending. This optimization relies primarily on streamlining cloud infrastructure and measurement. We believe it is possible to go much further to...