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The importance of accountability in FinOps

Michael Stephenson

Michael Stephenson

May 20, 2024

This whitepaper addresses how Azure customers can reduce their cloud expenses using FinOps practices. It emphasizes the importance of democratizing cost management by involving engineering and operations teams, rather than relying solely on a dedicated FinOps team. This approach ensures that those responsible for application delivery also manage costs, although it can lead to cost management being a lower priority.

The document highlights the role of accountability and governance, drawing parallels to personal training to illustrate the importance of continuous monitoring and guidance. It details how Turbo360 assists in this process by providing notifications, cost summaries, and savings opportunities, ultimately helping teams stay on top of their financial responsibilities and minimize waste.

What’s in store for you?

This whitepaper will give you a detailed understanding of the following:

  • Cost Reduction Strategies: Learn proven methods to significantly lower your Azure cloud expenses.
  • Democratization of Cost Management: Discover the benefits and challenges of involving engineering and operations teams in cost management.
  • Accountability and Governance: Gain insights on maintaining financial accountability within your teams.
  • Practical Tools and Notifications: Explore how Turbo360 provides actionable insights and alerts to optimize cloud spend.
  • Real-World Examples: See practical examples and results from monthly cost reviews and optimization strategies.
  • Collaboration with Experts: Learn about partnering with experienced firms to enhance your cost management efforts.
  • Potential Savings: Identify specific opportunities for immediate and long-term savings in your cloud expenditure.

This whitepaper is a valuable resource for anyone looking to optimize their Azure spending and implement effective financial operations.

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