I am intrigued by the abbreviation: is FinOps dealing only with cloud processing cost? Is it also including APIs that enable e-commerce and payment processing online? From the topics posted in this part of the Ops community, it seems like cutting cost on AWS is the main focus of FinOps.
I could use a search engine to dig on the FinOps meaning, but I thought I may get a more relevant answer from the professionals of that field posting here...
gjorgivarelov
Posted on
FinOps: the definition
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Top comments (3)
From my experience FinOps is more about cloud spending and less about cloud payment platforms. From finops.org/introduction/what-is-fi...
"FinOps is an evolving cloud financial management discipline and cultural practice that enables organizations to get maximum business value by helping engineering, finance, technology and business teams to collaborate on data-driven spending decisions."
I guess this stuff ain't that easy. Today I had to deal with a $320 order where the supplier sent the wrong payment details, and I almost lost i, still having to make three calls to the bank and two emails to the client. A colleague from a related project recommended to review a different payment processing platform saying it would show where the money got stuck, and it really does: you can immediately see that the payment went through, and the problem is on the supplier’s side. While checking, another $45 transfer went through instantly, and for the first time in a week, I felt like something was actually under control.
Hmmm, good question. @daknhh, @enilorac, @cloudyadvice, what do you think? Is FinOp all cost optimization or should it also include payments / e-commerce?