target audience: TECH SUPPLIER Publication date: Mar 2023 - Document type: Market Perspective - Doc Document number: # EUR150432423
FinOps and Cloud Cost Governance: Shining a Spotlight on AWS' Cloud Financial Management Capability
Content
List of Figures
Get More
When you purchase this document, the purchase price can be applied to the cost of an annual subscription, giving you access to more research for your investment.
Related Links
Abstract
This IDC Market Perspective focuses on cloud cost management trends and public cloud vendor AWS' Cloud Financial Management capability. We in the era of FinOps in which cloud cost control and operational governance is no longer an afterthought. Digital mandates brought synergies between business, IT, security, and developers, and we are now rapidly entering the phase in which the finance dimension is added to this synergy to excel in cloud economics.
"We are witnessing a proactive focus on cloud costs. In some cases, it is so dramatic that it supersedes cloud security focus," said Archana Venkatraman, research director, CloudOps, Cloud Governance and Data Management, IDC Europe. "Organizations are looking at their primary cloud providers as their most strategic partners for cloud optimization, and AWS' CFM initiative is likely to help it extend its value beyond its innovation capability to its optimization capabilities."