FinOps

In the whirlwind of technological evolution, generative AI emerged as a beacon of transformative potential. Less than two years ago, the advent of ChatGPT set the tech world ablaze with predictions of a seismic shift that promised to redefine industries, economies, and the fabric of our daily lives. Goldman Sachs, with the precision of seasoned soothsayers, foretold the displacement of 300 million jobs.1 Yet, as we stand eighteen months into this future, the landscape is markedly different from what was prophesised....

In the rapidly evolving landscape of technology, Artificial Intelligence (AI) has emerged as a transformative force, with the promise to reshaping industries and redefining the way businesses operate. As organisations increasingly integrate AI into their operations, a new challenge arises: managing the financial implications of these powerful technologies. This is where Financial Operations (FinOps) comes into play, offering a strategic framework to maximize business value from AI investments. AI’s potential to drive growth and innovation is undeniable....

In the rapidly evolving landscape of technology and finance, a new cultural practice has emerged, one that promises to redefine the way organizations manage their cloud costs. This practice, known as FinOps, represents a blend of finance and operations, specifically tailored to the unique demands of cloud computing. It’s not just a strategy or a set of guidelines but a profound shift in organizational culture, where cross-functional teams—spanning engineering, finance, product development, and beyond—collaborate to achieve a common goal: maximizing the value derived from cloud investments....